Spark Networks (LOV) PT Raised to $10 at Canaccord Genuity

April 14, 2021 7:23 AM EDT
Get Alerts LOV Hot Sheet
Price: $3.16 -0.94%

Rating Summary:
    2 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 1 | Down: 0 | New: 0
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Canaccord Genuity analyst Austin Moldow raised the price target on Spark Networks (NYSE: LOV) to $10.00 (from $9.00) while maintaining a Buy rating.

The analyst commented, "We are reintroducing our LOV model and renewed thesis given the company's recent change to being a domestic filer. The more frequent reporting and increased transparency should give the company more opportunities to communicate with investors and, most importantly, prove out its vision. The company has spent the last several years undergoing major and complicated mergers, and in the process has lost focus and ceded share to competitors. 2020 was a year of digestion and stabilization, and we believe 2021 will be a year when management effectuates a turnaround and resumes top-line growth. There are still many headwinds and risks remaining, and above all we believe the company will need to consistently execute. Luckily, LOV now has four quarters to do so."

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