Equities analysts expect The Meet Group Inc. (NASDAQ:MEET) to report earnings of $0.06 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for The Meet Group’s earnings. The Meet Group posted earnings per share of $0.09 during the same quarter last year, which would suggest a negative year over year growth rate of 33.3%. The company is expected to issue its next earnings results on Thursday, August 2nd.
On average, analysts expect that The Meet Group will report full-year earnings of $0.25 per share for the current year, with EPS estimates ranging from $0.23 to $0.26. For the next year, analysts expect that the business will post earnings of $0.33 per share, with EPS estimates ranging from $0.23 to $0.42. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow The Meet Group.
The Meet Group (NASDAQ:MEET) last posted its quarterly earnings results on Wednesday, May 2nd. The information services provider reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The Meet Group had a negative net margin of 48.73% and a positive return on equity of 9.49%. The business had revenue of $37.64 million during the quarter, compared to analyst estimates of $34.15 million.
MEET has been the subject of several recent research reports. Zacks Investment Research upgraded shares of The Meet Group from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a report on Friday, February 16th. Roth Capital reduced their price objective on shares of The Meet Group from $4.00 to $3.25 and set a “buy” rating for the company in a research note on Thursday, March 8th. TheStreet lowered shares of The Meet Group from a “c+” rating to a “d+” rating in a research note on Thursday, March 8th. Canaccord Genuity reiterated a “hold” rating and set a $4.00 price objective on shares of The Meet Group in a research note on Wednesday, April 4th. Finally, ValuEngine lowered shares of The Meet Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $3.88.
Shares of NASDAQ:MEET traded up $0.01 during trading hours on Friday, hitting $3.97. The company’s stock had a trading volume of 28,704 shares, compared to its average volume of 1,044,121. The Meet Group has a 52 week low of $1.84 and a 52 week high of $5.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $285.65 million, a P/E ratio of 12.81, a P/E/G ratio of 1.46 and a beta of 1.53.
In related news, Director Jason Whitt sold 16,506 shares of the business’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $2.94, for a total transaction of $48,527.64. Following the completion of the transaction, the director now owns 34,053 shares in the company, valued at approximately $100,115.82. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 6.10% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in MEET. Millennium Management LLC purchased a new stake in The Meet Group during the 4th quarter worth approximately $6,969,000. Luxor Capital Group LP grew its position in The Meet Group by 100.0% during the 4th quarter. Luxor Capital Group LP now owns 3,079,481 shares of the information services provider’s stock worth $8,684,000 after purchasing an additional 1,540,110 shares during the last quarter. LSV Asset Management grew its position in The 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 purchasing an additional 687,600 shares during the last quarter. Intrinsic Edge Capital Management LLC purchased a new stake in The Meet Group during the 1st quarter worth approximately $952,000. Finally, Dimensional Fund Advisors LP grew its position in The 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 purchasing an additional 328,995 shares during the last quarter. 42.85% of the stock is currently owned by institutional investors.
The Meet Group Company Profile
The Meet Group, Inc owns and operates a social network for meeting new people primarily on mobile platforms in the United States. The company owns and operates the MeetMe, Skout, Tagged, Hi5, and LOVOO mobile applications; and Websites, including meetme.com, skout.com, tagged.com, hi5.com, and lovoo.com, as well as Social Theater, a viral advertising platform.
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