MeetMe (MEET) Receiving Somewhat Favorable News Coverage, Report Finds
Press coverage about MeetMe (NASDAQ:MEET) has been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MeetMe earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the information services provider an impact score of 46.6370443894337 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- Is the Options Market Predicting a Spike in Meet Group (MEET) Stock? (finance.yahoo.com)
- Contrasting LinkedIn Corp (LNKD) & MeetMe (MEET) (americanbankingnews.com)
- MeetMe, Inc. (MEET) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- ETFs with exposure to The Meet Group, Inc. : November 9, 2017 (finance.yahoo.com)
- Shares of Meet Group Slammed 30% After Disappointing 3rd Quarter (finance.yahoo.com)
A number of analysts have commented on MEET shares. Roth Capital reaffirmed a “buy” rating and set a $7.25 target price on shares of MeetMe in a report on Wednesday, October 25th. BidaskClub lowered shares of MeetMe from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research raised shares of MeetMe from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. Canaccord Genuity lowered shares of MeetMe from a “buy” rating to a “hold” rating and set a $10.00 target price for the company. in a report on Thursday, November 9th. Finally, JMP Securities lowered shares of MeetMe from an “outperform” rating to a “market perform” rating and set a $6.00 target price for the company. in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. MeetMe presently has an average rating of “Hold” and a consensus price target of $8.06.
Shares of MeetMe (MEET) opened at $2.23 on Tuesday. MeetMe has a fifty-two week low of $2.19 and a fifty-two week high of $6.45. The company has a market cap of $164.44, a price-to-earnings ratio of 6.36, a price-to-earnings-growth ratio of 0.47 and a beta of 1.05.
MeetMe (NASDAQ:MEET) last released its earnings results on Wednesday, November 8th. The information services provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. MeetMe had a net margin of 11.90% and a return on equity of 10.85%. The firm had revenue of $32.25 million during the quarter, compared to analyst estimates of $32.33 million. During the same quarter in the previous year, the business earned $0.10 EPS. The business’s quarterly revenue was up 87.6% compared to the same quarter last year. equities research analysts predict that MeetMe will post 0.25 earnings per share for the current year.
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MeetMe 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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