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Meet Group Stock Price, Forecast & Analysis (NASDAQ:MEET)

$5.06
+0.01 (+0.20 %)
(As of 11/15/2019 04:50 AM ET)
Today's Range
$4.90
Now: $5.06
$5.09
50-Day Range
$3.13
MA: $4.24
$5.02
52-Week Range
$3.05
Now: $5.06
$6.27
Volume1.04 million shs
Average Volume1.35 million shs
Market Capitalization$362.85 million
P/E Ratio21.08
Dividend YieldN/A
Beta1.5
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. Read More…

Industry, Sector and Symbol

Industry Advertising
Sub-IndustryInternet Software & Services
SectorComputer and Technology
Current SymbolNASDAQ:MEET
Previous SymbolNASDAQ:QPSA
CUSIP58514110
Phone215-862-1162

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$178.61 million
Cash Flow$0.46 per share
Book Value$2.67 per share

Profitability

Net Income$1.14 million

Miscellaneous

Employees296
Market Cap$362.85 million
Next Earnings Date3/4/2020 (Estimated)
OptionableOptionable

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Meet Group (NASDAQ:MEET) Frequently Asked Questions

What is Meet Group's stock symbol?

Meet Group trades on the NASDAQ under the ticker symbol "MEET."

How were Meet Group's earnings last quarter?

Meet Group Inc (NASDAQ:MEET) announced its quarterly earnings results on Wednesday, May, 2nd. The information services provider reported $0.05 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.02 by $0.03. The information services provider had revenue of $37.64 million for the quarter, compared to analysts' expectations of $34.15 million. Meet Group had a net margin of 5.20% and a return on equity of 12.24%. View Meet Group's Earnings History.

When is Meet Group's next earnings date?

Meet Group is scheduled to release their next quarterly earnings announcement on Wednesday, March 4th 2020. View Earnings Estimates for Meet Group.

What guidance has Meet Group issued on next quarter's earnings?

Meet Group issued an update on its third quarter 2019 earnings guidance on Thursday, October, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $52-52.3 million, compared to the consensus revenue estimate of $50.72 million.

What price target have analysts set for MEET?

6 brokerages have issued 1 year price targets for Meet Group's stock. Their forecasts range from $6.00 to $8.00. On average, they anticipate Meet Group's share price to reach $7.08 in the next twelve months. This suggests a possible upside of 40.0% from the stock's current price. View Analyst Price Targets for Meet Group.

What is the consensus analysts' recommendation for Meet Group?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meet Group in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Meet Group.

What are Wall Street analysts saying about Meet Group stock?

Here are some recent quotes from research analysts about Meet Group stock:
  • 1. According to Zacks Investment Research, "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)
  • 2. Aegis analysts commented, "We recently held investor meetings with MEET’s CEO Geoffrey Cook, in which he noted that several new near-term engagement and monetization features are on track for launch in the second half. Levels, which encourages both streamers and viewers to increase usage to unlock features by leveling up, is expected to launch on MeetMe and Skout later summer. Levels should increase engagement of the apps. Others such as the Dating Game, which is a nightly speed dating game, is also on track for lunch in 2H19, and should also increase app engagement. MEET also plans to launch special events and thematic Battles, which should drive both monetization and engagement. Lastly, MEET is also expecting to launch a standalone live app for users who want to engage in live streaming but do not want to do so on a dating product." (7/11/2019)

Has Meet Group been receiving favorable news coverage?

News coverage about MEET stock has been trending somewhat negative this week, InfoTrie reports. The research firm ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Meet Group earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave media stories about the information services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Meet Group.

Are investors shorting Meet Group?

Meet Group saw a increase in short interest in the month of October. As of October 15th, there was short interest totalling 12,860,000 shares, an increase of 9.6% from the September 15th total of 11,730,000 shares. Based on an average daily trading volume, of 1,250,000 shares, the days-to-cover ratio is currently 10.3 days. Currently, 19.0% of the shares of the company are short sold. View Meet Group's Current Options Chain.

Who are some of Meet Group's key competitors?

What other stocks do shareholders of Meet Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Meet Group investors own include Micron Technology (MU), CA (CA), Advanced Micro Devices (AMD), Alibaba Group (BABA), NVIDIA (NVDA), Endologix (ELGX), Arch Coal (ARCH), BlackRock (BLK), Intel (INTC) and Broadcom (AVGO).

Who are Meet Group's key executives?

Meet Group's management team includes the folowing people:
  • Mr. Geoffrey Cook, CEO & Director (Age 40)
  • Mr. James E. Bugden, Chief Financial Officer (Age 49)
  • Mr. Michael Johnson, Chief Accounting Officer (Age 48)
  • Mr. Frederic Beckley, Gen. Counsel & Exec. VP of Bus. Affairs (Age 55)
  • Ms. Leslie Arena, VP of Investor Relations

Who are Meet Group's major shareholders?

Meet Group's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Chicago Equity Partners LLC (0.27%), Systematic Financial Management LP (0.21%), Russell Investments Group Ltd. (0.18%), NJ State Employees Deferred Compensation Plan (0.09%), California Public Employees Retirement System (0.08%) and Bailard Inc. (0.06%). Company insiders that own Meet Group stock include Bedi Ajay Singh, Geoffrey Cook, Jason Whitt, Luxor Capital Group, Lp, Spencer B Grimes and Spencer Garrett Rhodes. View Institutional Ownership Trends for Meet Group.

Which institutional investors are selling Meet Group stock?

MEET stock was sold by a variety of institutional investors in the last quarter, including NJ State Employees Deferred Compensation Plan, Systematic Financial Management LP, New Jersey Better Educational Savings Trust, Russell Investments Group Ltd., Chicago Equity Partners LLC and California Public Employees Retirement System. Company insiders that have sold Meet Group company stock in the last year include Geoffrey Cook and Jason Whitt. View Insider Buying and Selling for Meet Group.

Which institutional investors are buying Meet Group stock?

MEET stock was purchased by a variety of institutional investors in the last quarter, including Bailard Inc. and Hancock Whitney Corp. Company insiders that have bought Meet Group stock in the last two years include Luxor Capital Group, Lp, Spencer B Grimes and Spencer Garrett Rhodes. View Insider Buying and Selling for Meet Group.

How do I buy shares of Meet Group?

Shares of MEET can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Meet Group's stock price today?

One share of MEET stock can currently be purchased for approximately $5.06.

How big of a company is Meet Group?

Meet Group has a market capitalization of $362.85 million and generates $178.61 million in revenue each year. The information services provider earns $1.14 million in net income (profit) each year or $0.24 on an earnings per share basis. Meet Group employs 296 workers across the globe.View Additional Information About Meet Group.

What is Meet Group's official website?

The official website for Meet Group is http://www.themeetgroup.com/.

How can I contact Meet Group?

Meet Group's mailing address is 100 UNION SQUARE DRIVE, NEW HOPE PA, 18938. The information services provider can be reached via phone at 215-862-1162 or via email at [email protected]


MarketBeat Community Rating for Meet Group (NASDAQ MEET)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  392 (Vote Outperform)
Underperform Votes:  439 (Vote Underperform)
Total Votes:  831
MarketBeat's community ratings are surveys of what our community members think about Meet Group and other stocks. Vote "Outperform" if you believe MEET will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MEET will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/15/2019 by MarketBeat.com Staff

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