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Fly News Breaks for August 30, 2019
LOV
Aug 30, 2019 | 07:16 EDT
Canaccord analyst Austin Moldow believes Spark Networks' recent weakness has been caused by the turnover of its ownership base as long term holders Affinitas and Zoosk have sold their investment. The analyst said the valuation right now is just too compelling as the stock trades at half its historical multiple and well below competitors wile its EBITDA remains on track. Moldow reiterated his Buy rating and $19 price target on Spark Networks shares.
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