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Spark Networks SE (NASDAQ:LOV) At $1.05: So What?

In last trading session, Spark Networks SE (NASDAQ:LOV) saw 0.14 million shares changing hands with its beta currently measuring 1.11. Company’s recent per share price level of $1.05 trading at $0.03 or 2.94% at ring of the bell on the day assigns it a market valuation of $28.22M. That closing price of LOV’s stock is at a discount of -266.67% from its 52-week high price of $3.85 and is indicating a premium of 9.52% from its 52-week low price of $0.95. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.17 million shares which gives us an average trading volume of 76.01K if we extend that period to 3-months.

For Spark Networks SE (LOV), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.75 in the current quarter.

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Spark Networks SE (NASDAQ:LOV) trade information

Upright in the green during last session for gaining 2.94%, in the last five days LOV remained trading in the red while hitting it’s week-highest on Friday, 11/18/22 when the stock touched $1.05 price level, adding 26.06% to its value on the day. Spark Networks SE’s shares saw a change of -66.56% in year-to-date performance and have moved -12.86% in past 5-day. Spark Networks SE (NASDAQ:LOV) showed a performance of -37.50% in past 30-days. Number of shares sold short was 0.2 million shares which calculate 4.3 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $6.00 to the stock, which implies a rise of 82.5% to its current value. Analysts have been projecting $6.00 as a low price target for the stock while placing it at a high target of $6.00. It follows that stock’s current price would drop -471.43% in reaching the projected high whereas dropping to the targeted low would mean a loss of -471.43% for stock’s current value.

Spark Networks SE (LOV) estimates and forecasts

Statistics highlight that Spark Networks SE is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -45.60% of value to its shares in past 6 months, showing an annual growth rate of 70.92% while that of industry is 13.10. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 412.50% in the current quarter and calculating 661.80% increase in the next quarter. This year revenue growth is estimated to rise 12.10% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $53.02 million for the same. And 1 analysts are in estimates of company making revenue of $60.44 million in the next quarter that will end on Dec 2022. Company posted $51.38 million and $47.19 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 3.20% while estimating it to be 28.10% for the next quarter.

LOV Dividends

Spark Networks SE is more likely to be releasing its next quarterly report between November 14 and November 18 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Spark Networks SE (NASDAQ:LOV)’s Major holders

Insiders are in possession of 12.30% of company’s total shares while institution are holding 37.67 percent of that, with stock having share float percentage of 42.95%. Investors also watch the number of corporate investors in a company very closely, which is 37.67% institutions for Spark Networks SE that are currently holding shares of the company. Osmium Partners, LLC is the top institutional holder at LOV for having 5.68 million shares of worth $18.13 million. And as of Jun 29, 2022, it was holding 21.69% of the company’s outstanding shares.

The second largest institutional holder is First Manhattan Company, which was holding about 1.6 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 6.12% of outstanding shares, having a total worth of $5.11 million.

On the other hand, Starboard Investment Tr-Roumell Opportunistic Value Fd and Fidelity NASDAQ Composite Index Fund are the top two Mutual Funds which own company’s shares. As of Aug 30, 2022, the former fund manager was holding 0.5 million shares of worth $1.38 million or 1.92% of the total outstanding shares. The later fund manager was in possession of 5776.0 shares on Jun 29, 2022, making its stake of worth around $18425.0 in the company or a holder of 0.02% of company’s stock.

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