Meet Group (MEET) Getting Somewhat Favorable News Coverage, Report Shows
Headlines about Meet Group (NASDAQ:MEET) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Meet Group earned a news impact score of 0.15 on Accern’s scale. Accern also gave media coverage about the information services provider an impact score of 45.4851916452911 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several research firms recently issued reports on MEET. Roth Capital set a $9.00 target price on shares of Meet Group and gave the company a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded shares of Meet Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub cut shares of Meet Group from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Loop Capital reiterated a “buy” rating and issued a $9.00 target price on shares of Meet Group in a research note on Wednesday, May 10th. Finally, ValuEngine cut shares of Meet Group from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $7.90.
Meet Group (NASDAQ:MEET) opened at 3.57 on Friday. Meet Group has a 52-week low of $3.41 and a 52-week high of $6.47. The firm has a market capitalization of $256.32 million, a PE ratio of 14.94 and a beta of 0.86. The firm’s 50-day moving average is $4.51 and its 200-day moving average is $5.00.
Meet Group (NASDAQ:MEET) last released its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. Meet Group had a return on equity of 1.41% and a net margin of 2.73%. The company had revenue of $31.33 million during the quarter, compared to analysts’ expectations of $30.70 million. During the same quarter in the prior year, the business posted $0.09 earnings per share. The company’s revenue for the quarter was up 91.2% compared to the same quarter last year. On average, analysts anticipate that Meet Group will post $0.43 earnings per share for the current year.
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Meet Group Company Profile
The Meet Group, Inc, formerly MeetMe, Inc, offers a portfolio of mobile applications. The Company operates location-based social networks for meeting new people on mobile platforms, including on iPhone, Android, iPad and other tablets, and on the Web that facilitate interactions among users, and helps users to connect and chat with each other.
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