Meet Group (NASDAQ:MEET) was upgraded by investment analysts at TheStreet from a “d+” rating to a “c-” rating in a research report issued on Monday.

MEET has been the subject of several other research reports. Zacks Investment Research lowered shares of Meet Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. ValuEngine upgraded shares of Meet Group from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Canaccord Genuity restated a “hold” rating and set a $3.00 price target on shares of Meet Group in a research note on Thursday, May 3rd. Finally, BidaskClub lowered shares of Meet Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 10th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Meet Group presently has an average rating of “Buy” and a consensus price target of $4.63.

Shares of MEET stock opened at $4.91 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. Meet Group has a 12-month low of $1.84 and a 12-month high of $5.13. The company has a market cap of $331.34 million, a PE ratio of 15.84, a P/E/G ratio of 1.19 and a beta of 1.48.

Meet Group (NASDAQ:MEET) last issued its quarterly earnings results on Wednesday, August 1st. The information services provider reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. Meet Group had a negative net margin of 45.79% and a positive return on equity of 10.24%. The company had revenue of $42.80 million during the quarter, compared to analyst estimates of $38.25 million. equities analysts forecast that Meet Group will post 0.19 earnings per share for the current fiscal year.

In other Meet Group news, CEO Geoffrey Cook sold 250,000 shares of the firm’s stock in a transaction on Friday, June 15th. The shares were sold at an average price of $4.17, for a total value of $1,042,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,306,562 shares of the company’s stock, valued at approximately $5,448,363.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jason Whitt sold 18,500 shares of the firm’s stock in a transaction on Friday, July 13th. The shares were sold at an average price of $4.02, for a total transaction of $74,370.00. Following the completion of the transaction, the director now directly owns 62,382 shares of the company’s stock, valued at $250,775.64. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in shares of Meet Group by 17.6% during the 2nd quarter. BlackRock Inc. now owns 4,823,976 shares of the information services provider’s stock worth $21,611,000 after acquiring an additional 721,187 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Meet Group by 109.4% during the 1st quarter. LSV Asset Management now owns 1,316,053 shares of the information services provider’s stock worth $2,750,000 after acquiring an additional 687,600 shares during the last quarter. Intrinsic Edge Capital Management LLC lifted its holdings in shares of Meet Group by 142.7% during the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 1,105,416 shares of the information services provider’s stock worth $4,952,000 after acquiring an additional 650,000 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Meet Group by 74.2% during the 2nd quarter. Millennium Management LLC now owns 1,332,693 shares of the information services provider’s stock worth $5,970,000 after acquiring an additional 567,518 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Meet Group by 5.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,998,792 shares of the information services provider’s stock worth $12,537,000 after acquiring an additional 328,995 shares during the last quarter. 51.78% of the stock is owned by hedge funds and other institutional investors.

Meet Group Company Profile

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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