Aegis restated their buy rating on shares of Meet Group (NASDAQ:MEET) in a research report sent to investors on Sunday morning, AnalystRatings.com reports. Aegis currently has a $6.50 price objective on the information services provider’s stock.
MEET has been the subject of a number of other reports. BidaskClub raised Meet Group from a strong sell rating to a sell rating in a research note on Saturday, October 5th. Canaccord Genuity set a $8.00 price objective on Meet Group and gave the stock a buy rating in a research report on Wednesday, July 3rd. Roth Capital set a $8.00 price objective on Meet Group and gave the stock a buy rating in a research report on Sunday, July 21st. CIBC began coverage on Meet Group in a research report on Friday, June 21st. They set an outperform rating and a $7.00 price objective for the company. Finally, ValuEngine raised Meet Group from a sell rating to a hold rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $6.75.
Shares of MEET opened at $4.46 on Friday. Meet Group has a 52-week low of $3.05 and a 52-week high of $6.27. The company has a market capitalization of $345.15 million, a PE ratio of 18.56, a price-to-earnings-growth ratio of 0.53 and a beta of 1.44. The stock has a fifty day simple moving average of $3.57 and a two-hundred day simple moving average of $4.02. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.10.
Meet Group (NASDAQ:MEET) last issued its earnings results on Wednesday, July 31st. The information services provider reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. Meet Group had a return on equity of 11.30% and a net margin of 4.53%. The business had revenue of $52.00 million during the quarter, compared to the consensus estimate of $50.67 million. As a group, equities analysts anticipate that Meet Group will post 0.34 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of the stock. WINTON GROUP Ltd increased its position in shares of Meet Group by 12.9% during the 2nd quarter. WINTON GROUP Ltd now owns 25,579 shares of the information services provider’s stock worth $89,000 after purchasing an additional 2,931 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Meet Group by 9.5% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 71,200 shares of the information services provider’s stock worth $248,000 after purchasing an additional 6,200 shares during the last quarter. Rhumbline Advisers increased its position in shares of Meet Group by 6.9% during the 1st quarter. Rhumbline Advisers now owns 104,966 shares of the information services provider’s stock worth $528,000 after purchasing an additional 6,800 shares during the last quarter. United Services Automobile Association increased its position in shares of Meet Group by 4.2% during the 2nd quarter. United Services Automobile Association now owns 177,332 shares of the information services provider’s stock worth $617,000 after purchasing an additional 7,200 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Meet Group by 26.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 43,769 shares of the information services provider’s stock valued at $146,000 after acquiring an additional 9,198 shares in the last quarter. 68.83% of the stock is owned by hedge funds and other institutional investors.
Meet Group Company Profile
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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