Meet Group Inc (NASDAQ:MEET)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $5.35 and last traded at $5.10, with a volume of 2075892 shares traded. The stock had previously closed at $5.03.
A number of research firms recently commented on MEET. BidaskClub upgraded Meet Group from a “hold” rating to a “buy” rating in a report on Wednesday. TheStreet upgraded Meet Group from a “d+” rating to a “c-” rating in a report on Monday, August 27th. ValuEngine upgraded Meet Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. Canaccord Genuity set a $6.00 price target on Meet Group and gave the stock a “buy” rating in a report on Tuesday, August 21st. Finally, Zacks Investment Research cut Meet Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $4.63.
The firm has a market capitalization of $373.03 million, a PE ratio of 19.61, a P/E/G ratio of 1.34 and a beta of 1.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 1.15.
Meet Group (NASDAQ:MEET) last issued its quarterly earnings data on Wednesday, August 1st. The information services provider reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Meet Group had a positive return on equity of 10.24% and a negative net margin of 45.79%. The company had revenue of $42.80 million during the quarter, compared to analysts’ expectations of $38.25 million. equities analysts forecast that Meet Group Inc will post 0.19 earnings per share for the current fiscal year.
In other news, CEO Geoffrey Cook sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $4.17, for a total transaction of $1,042,500.00. Following the completion of the sale, the chief executive officer now owns 1,306,562 shares in the company, valued at $5,448,363.54. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jason Whitt sold 18,500 shares of the business’s stock in a transaction that occurred on Friday, July 13th. The stock was sold at an average price of $4.02, for a total value of $74,370.00. Following the sale, the director now owns 62,382 shares of the company’s stock, valued at approximately $250,775.64. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.
Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Meet Group by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 6,018,805 shares of the information services provider’s stock worth $26,964,000 after acquiring an additional 20,013 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Meet Group by 17.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 142,044 shares of the information services provider’s stock worth $637,000 after acquiring an additional 20,844 shares during the period. Metropolitan Life Insurance Co. NY bought a new stake in shares of Meet Group during the second quarter worth approximately $109,000. Northern Trust Corp boosted its holdings in shares of Meet Group by 3.6% during the first quarter. Northern Trust Corp now owns 742,190 shares of the information services provider’s stock worth $1,552,000 after acquiring an additional 26,067 shares during the period. Finally, MetLife Investment Advisors LLC bought a new stake in shares of Meet Group during the second quarter worth approximately $155,000. Institutional investors own 51.78% of the company’s stock.
Meet Group Company Profile (NASDAQ:MEET)
The Meet Group, Inc operates various mobile social entertainment applications. Its applications are designed to meet the universal need for human connection. The company's applications include MeetMe, LOVOO, Skout, and Tagged that keep mobile daily active users entertained and engaged, and originate untold numbers of casual chats, friendships, dates, and marriages.
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