News headlines about Meet Group (NASDAQ:MEET) have trended very positive this week, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Meet Group earned a daily sentiment score of 4.00 on their scale. InfoTrie also gave news headlines about the information services provider an news buzz score of 3 out of 10, indicating that recent news coverage is unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Meet Group’s analysis:
- Meet Group Inc (NASDAQ:MEET) Short Interest Up 6.9% in December (americanbankingnews.com)
- Meet Group Inc (NASDAQ:MEET) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Microsoft, The Meet Group partner on ‘grooming detection technique’ for messaging apps (technical.ly)
- The Meet Group Collaborates with Microsoft on Technology to Detect Child Sex Predators (finance.yahoo.com)
- Austin Sewing Meetup Group Hosts All-Day Saturday Retreat (patch.com)
Several research firms have recently commented on MEET. Zacks Investment Research lowered Meet Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Northland Securities reissued a “buy” rating and issued a $6.00 price objective on shares of Meet Group in a report on Friday, November 8th. Roth Capital assumed coverage on shares of Meet Group in a research report on Thursday, November 14th. They set a “buy” rating and a $6.50 price objective for the company. Canaccord Genuity downgraded shares of Meet Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, BidaskClub upgraded shares of Meet Group from a “sell” rating to a “hold” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $6.71.
NASDAQ:MEET traded up $0.12 on Thursday, reaching $5.57. The company’s stock had a trading volume of 446,871 shares, compared to its average volume of 717,130. Meet Group has a 12-month low of $3.05 and a 12-month high of $6.27. The stock has a 50 day moving average price of $5.11 and a 200 day moving average price of $4.17. The firm has a market cap of $390.82 million, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 0.51 and a beta of 1.54. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.17.
Meet Group (NASDAQ:MEET) last released its quarterly earnings results on Thursday, November 7th. The information services provider reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $52.62 million during the quarter, compared to analysts’ expectations of $51.57 million. Meet Group had a return on equity of 12.28% and a net margin of 5.20%. Equities research analysts expect that Meet Group will post 0.35 EPS for the current fiscal year.
In other Meet Group news, CFO James E. Bugden sold 60,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $5.50, for a total value of $330,000.00. Following the transaction, the chief financial officer now owns 252,726 shares of the company’s stock, valued at $1,389,993. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.30% of the company’s stock.
Meet Group Company Profile
The Meet Group, Inc operates a portfolio of mobile social entertainment applications to meet the need for human connection worldwide. The company leverages a live-streaming video platform, empowering community to forge meaningful connections. The company's primary applications include, MeetMe, LOVOO, Skout, Tagged, and Growlr, which keeps mobile daily active users, entertained and engaged, and originate numbers of casual chats, friendships, dates, and marriages.
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