Filing Watching: Lerner Clifford Just Opened Huge Snap Interactive, Inc Position

Filing Watching: Lerner Clifford Just Opened Huge Snap Interactive, Inc Position

The New Lerner Clifford Holding in Snap Interactive, Inc

Lerner Clifford filed with the SEC SC 13D/A form for Snap Interactive, Inc. The form can be accessed here: 000121390016017443. As reported in Lerner Clifford’s form, the filler as of late owns 12.9% or 30,275,000 shares of the -company.

Snap Interactive, Inc stake is a new one for the and it was filed because of activity on October7, 2016. We feel this shows Lerner Clifford’s positive view for the stock.

Business Profile

Snap Interactive, Inc. operates a portfolio of dating applications. The Company’s dating applications include FirstMet and The Grade. The Company provides an online dating application under the FirstMet brand that is native on Facebook, iPhone operating systems (iOS) and Android platforms, and is also accessible on mobile devices and desktops at FirstMet.com. The FirstMet application is available to users and active subscribers. The Company’s online dating application under The Grade brand is native on iOS and Android. The Grade is a mobile dating application that holds users accountable to a standard of behavior by using an algorithm that assigns letter grades to users ranging from A+ to F, based on profile quality, messaging quality and reviews from other users of the application. Users with a grade of D receive a warning and instructions on how to improve their grade, while users failing to improve an F grade are at risk of expulsion.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Analysts await Snap Interactive Inc (OTCMKTS:STVI) to report earnings on November, 8.

About 12,216 shares traded hands or 87.02% up from the average. Snap Interactive Inc (OTCMKTS:STVI) has risen 44.44% since March 9, 2016 and is uptrending. It has outperformed by 37.03% the S&P500.

Snap Interactive, Inc. operates a portfolio of dating applications. The company has a market cap of $6.59 million. The Company’s dating applications include FirstMet and The Grade. It currently has negative earnings. The Firm provides an online dating application under the FirstMet brand that is native on Facebook, iPhone operating systems and Android platforms, and is also accessible on mobile devices and desktops at FirstMet.com.

More notable recent Snap Interactive Inc (OTCMKTS:STVI) news were published by: Streetinsider.com which released: “Snap Interactive, Inc. (STVI) to Merge with Paltalk” on September 14, 2016, also Marketwired.com with their article: “Snap Interactive Appoints Judy Krandel to Board of Directors” published on March 07, 2016, Marketwired.com published: “Snap Interactive Launches Rebrand of Dating App AYI as FirstMet” on March 07, 2016. More interesting news about Snap Interactive Inc (OTCMKTS:STVI) were released by: Seekingalpha.com and their article: “Snap Interactive’s (STVI) CEO Alex Harrington on Q4 2015 Results – Earnings …” published on March 15, 2016 as well as Prnewswire.com‘s news article titled: “SNAP Interactive Announces Strategic Partnership with Match.com” with publication date: December 03, 2013.

According to Zacks Investment Research, “SNAP Interactive, Inc. is a leading provider of online dating applications for social networking websites. SNAP has developed two applications built on Facebook Platform that are consistently among the most active and most popular applications on Facebook. The company has also launched dating applications on MySpace Developer Platform, Bebo, and Hi5 Developer Platform. The newest addition to SNAP’s portfolio is an online dating site for singles called AreYouInterested.com that utilizes Facebook Connect to share content with their Facebook friends. SNAP also recently launched an iPhone application for mobile dating called ‘Are You Interested?’. The company is incorporated in the state of Delaware and based in New York.”

STVI Company Profile

Snap Interactive, Inc., incorporated on July 19, 2005, operates a portfolio of dating applications. The Company’s dating applications include FirstMet and The Grade. The Firm provides an online dating application under the FirstMet brand that is native on Facebook, iPhone operating systems (iOS) and Android platforms, and is also accessible on mobile devices and desktops at FirstMet.com. The FirstMet application is available to users and active subscribers. The Company’s online dating application under The Grade brand is native on iOS and Android. The Grade is a mobile dating application that holds users accountable to a standard of behavior by using an algorithm that assigns letter grades to users ranging from A+ to F, based on profile quality, messaging quality and reviews from other users of the application. Users with a grade of D receive a warning and instructions on how to improve their grade, while users failing to improve an F grade are at risk of expulsion.

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