Media coverage about The Meet Group (NASDAQ:MEET) has trended positive recently, according to Accern. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. The Meet Group earned a news impact score of 0.29 on Accern’s scale. Accern also gave media headlines about the information services provider an impact score of 47.3177373021137 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s analysis:
- Dementia Caregiver Support Group To Meet April 23 (chattanoogan.com)
- India to meet Serbia in World Group playoff (thehindu.com)
- The Meet Group (MEET) Cut to Strong Sell at BidaskClub (americanbankingnews.com)
- Today’s Research Reports on Stocks to Watch: Facebook and The Meet Group (finance.yahoo.com)
- The Meet Group (MEET) PT Set at $8.00 by Roth Capital (americanbankingnews.com)
A number of brokerages recently commented on MEET. Roth Capital decreased their target price on The Meet Group from $4.00 to $3.25 and set a “buy” rating for the company in a report on Thursday, March 8th. Canaccord Genuity restated a “hold” rating and set a $4.00 target price on shares of The Meet Group in a report on Tuesday, December 19th. Zacks Investment Research downgraded The Meet Group from a “hold” rating to a “sell” rating in a report on Friday, December 15th. ValuEngine downgraded The Meet Group from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, TheStreet downgraded The Meet Group from a “c+” rating to a “d+” rating in a report on Thursday, March 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The Meet Group has a consensus rating of “Hold” and an average target price of $5.05.
MEET opened at $2.30 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $139.76, a price-to-earnings ratio of 7.42, a PEG ratio of 3.88 and a beta of 1.31. The Meet Group has a 12-month low of $1.84 and a 12-month high of $6.45.
The Meet Group (NASDAQ:MEET) last posted its quarterly earnings data on Wednesday, March 7th. The information services provider reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $40.20 million during the quarter, compared to the consensus estimate of $38.18 million. The Meet Group had a positive return on equity of 9.41% and a negative net margin of 51.89%. The firm’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 earnings per share. equities analysts predict that The Meet Group will post 0.03 earnings per share for the current year.
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The Meet Group 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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