Several analysts have recently updated their ratings and price targets for Meet Group (NASDAQ: MEET):

  • 11/14/2019 – Meet Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “The Meet Group, Inc. is a social media technology company. It offers information sharing, social interaction and mobile application development services. The company’s app consists of currently MeetMe (R), Skout(R), Tagged(R) and Hi5(R). The Meet Group Inc., formerly known as MeetMe Inc., is headquartered in New Hope, Pennsylvania. “
  • 11/14/2019 – Meet Group is now covered by analysts at Roth Capital. They set a “buy” rating and a $6.50 price target on the stock.
  • 11/12/2019 – Meet Group was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 11/8/2019 – Meet Group was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 11/8/2019 – Meet Group had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $6.00 price target on the stock.
  • 11/6/2019 – Meet Group was downgraded by analysts at Canaccord Genuity from a “buy” rating to a “hold” rating.
  • 10/6/2019 – Meet Group had its “buy” rating reaffirmed by analysts at Aegis. They now have a $6.50 price target on the stock.
  • 10/5/2019 – Meet Group was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 10/2/2019 – Meet Group was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 10/2/2019 – Meet Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $3.75 price target on the stock. According to Zacks, “The Meet Group, Inc. is a social media technology company. It offers information sharing, social interaction and mobile application development services. The company’s app consists of currently MeetMe (R), Skout(R), Tagged(R) and Hi5(R). The Meet Group Inc., formerly known as MeetMe Inc., is headquartered in New Hope, Pennsylvania. “

MEET traded down $0.08 during midday trading on Monday, reaching $4.95. The company had a trading volume of 1,026,300 shares, compared to its average volume of 1,340,822. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.22 and a current ratio of 1.64. The stock has a market cap of $362.85 million, a PE ratio of 20.63, a P/E/G ratio of 0.62 and a beta of 1.50. Meet Group Inc has a 12-month low of $3.05 and a 12-month high of $6.27. The business has a 50-day moving average price of $4.38 and a two-hundred day moving average price of $3.88.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MEET. WINTON GROUP Ltd boosted its stake in Meet Group by 12.9% in the second quarter. WINTON GROUP Ltd now owns 25,579 shares of the information services provider’s stock valued at $89,000 after acquiring an additional 2,931 shares during the last quarter. Supplemental Annuity Collective Trust of NJ raised its position in shares of Meet Group by 10.0% in the second quarter. Supplemental Annuity Collective Trust of NJ now owns 110,000 shares of the information services provider’s stock valued at $383,000 after purchasing an additional 10,000 shares during the period. New Jersey Better Educational Savings Trust raised its position in shares of Meet Group by 16.7% in the second quarter. New Jersey Better Educational Savings Trust now owns 70,000 shares of the information services provider’s stock valued at $244,000 after purchasing an additional 10,000 shares during the period. State of New Jersey Common Pension Fund D raised its position in shares of Meet Group by 19.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 550,000 shares of the information services provider’s stock valued at $1,914,000 after purchasing an additional 90,000 shares during the period. Finally, NJ State Employees Deferred Compensation Plan raised its position in shares of Meet Group by 7.6% in the second quarter. NJ State Employees Deferred Compensation Plan now owns 170,000 shares of the information services provider’s stock valued at $592,000 after purchasing an additional 12,000 shares during the period. Hedge funds and other institutional investors own 71.61% of the company’s stock.

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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