NASDAQ:MEET - Meet Group Stock Price, Forecast & News

Meet Group's stock was trading at $5.97 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MEET stock has decreased by 6.2% and is now trading at $5.60. View which stocks have been mosted impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meet Group in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Meet Group.

Meet Group is scheduled to release its next quarterly earnings announcement on Wednesday, May 13th 2020. View our earnings forecast for Meet Group.

Meet Group Inc (NASDAQ:MEET) announced its quarterly earnings results on Wednesday, March, 11th. The information services provider reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The information services provider earned $57.60 million during the quarter, compared to analyst estimates of $57.58 million. Meet Group had a net margin of 5.35% and a return on equity of 13.54%. Meet Group's revenue was up 9.7% on a year-over-year basis. View Meet Group's earnings history.

6 equities research analysts have issued 12 month price objectives for Meet Group's shares. Their forecasts range from $6.30 to $7.25. On average, they anticipate Meet Group's share price to reach $6.69 in the next year. This suggests a possible upside of 19.5% from the stock's current price. View analysts' price targets for Meet Group.

News headlines about MEET stock have been trending very negative recently, according to InfoTrie. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Meet Group earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned press coverage about the information services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutMeet Group.

Meet Group saw a decrease in short interest in the month of March. As of March 13th, there was short interest totaling 9,336,500 shares, a decrease of 23.7% from the February 27th total of 12,240,000 shares. Based on an average daily trading volume, of 8,124,400 shares, the short-interest ratio is presently 1.1 days. Currently, 14.4% of the shares of the stock are sold short. View Meet Group's Current Options Chain.

Some companies that are related to Meet Group include Facebook (FB), Equinix (EQIX), eBay (EBAY), CoStar Group (CSGP), Twitter (TWTR), Verisign (VRSN), Akamai Technologies (AKAM), SEA (SE), LogMeIn (LOGM), J2 Global (JCOM), Envestnet (ENV), ANGI Homeservices (ANGI), Stamps.com (STMP), Cornerstone OnDemand (CSOD) and Cimpress (CMPR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Meet Group investors own include Micron Technology (MU), Advanced Micro Devices (AMD), CA (CA), Alibaba Group (BABA), NVIDIA (NVDA), Walt Disney (DIS), Netflix (NFLX), Cisco Systems (CSCO), Paypal (PYPL) and Ford Motor (F).

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

Meet Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include LSV Asset Management (3.59%), Acadian Asset Management LLC (3.27%), State Street Corp (2.19%), Jacobs Levy Equity Management Inc. (1.79%), Geode Capital Management LLC (1.54%) and Maverick Capital Ltd. (1.32%). Company insiders that own Meet Group stock include Bedi Ajay Singh, Frederic Beckley, Geoffrey Cook, James E Bugden, Jason Whitt, Luxor Capital Group, Lp, Spencer B Grimes and Spencer Garrett Rhodes. View institutional ownership trends for Meet Group.

MEET stock was sold by a variety of institutional investors in the last quarter, including AJO LP, Oxford Asset Management LLP, Geode Capital Management LLC, AQR Capital Management LLC, Connor Clark & Lunn Investment Management Ltd., Connor Clark & Lunn Investment Management Ltd., Bank of America Corp DE, and Chicago Equity Partners LLC. Company insiders that have sold Meet Group company stock in the last year include Frederic Beckley, James E Bugden, Jason Whitt, and Luxor Capital Group, Lp. View insider buying and selling activity for Meet Group.

MEET stock was acquired by a variety of institutional investors in the last quarter, including LSV Asset Management, Maverick Capital Ltd., Acadian Asset Management LLC, Jacobs Levy Equity Management Inc., Russell Investments Group Ltd., Globeflex Capital L P, PEAK6 Investments LLC, and Bank of New York Mellon 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 activity for 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.

One share of MEET stock can currently be purchased for approximately $5.60.

Meet Group has a market capitalization of $398.10 million and generates $211.70 million in revenue each year. The information services provider earns $11.33 million in net income (profit) each year or $0.36 on an earnings per share basis. Meet Group employs 296 workers across the globe. View additional information about Meet Group.

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

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]