Meet Group Inc (MEET) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Meet Group Inc (NASDAQ:MEET) have earned a consensus rating of “Hold” from the six analysts that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $7.00.
MEET has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Meet Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Roth Capital upped their target price on shares of Meet Group from $6.75 to $8.00 in a research note on Wednesday, January 9th. Finally, ValuEngine lowered shares of Meet Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 10th.
In related news, CEO Geoffrey Cook sold 68,902 shares of the business’s stock in a transaction dated Thursday, January 17th. The shares were sold at an average price of $5.47, for a total transaction of $376,893.94. Following the completion of the sale, the chief executive officer now owns 968,676 shares of the company’s stock, valued at approximately $5,298,657.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Luxor Capital Group, Lp acquired 130,802 shares of the stock in a transaction that occurred on Tuesday, December 18th. The shares were acquired at an average cost of $3.81 per share, with a total value of $498,355.62. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 2,033,194 shares of company stock worth $9,440,172. Company insiders own 6.10% of the company’s stock.
MEET stock traded down $0.59 during trading on Wednesday, reaching $5.28. The stock had a trading volume of 1,790,195 shares, compared to its average volume of 1,044,055. Meet Group has a 1-year low of $1.84 and a 1-year high of $6.19. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $434.03 million, a P/E ratio of 17.02, a P/E/G ratio of 1.07 and a beta of 1.51.
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 leverages a powerful live-streaming video platform, empowering global community to forge meaningful connections. The company's primary applications include, MeetMe, LOVOO, Skout, and Tagged, which keeps mobile daily active users, entertained and engaged, and originate numbers of casual chats, friendships, dates, and marriages.
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