NASDAQ:MEETMeet Group Stock Price, Forecast & News

$6.17

-0.03 (-0.48 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$6.17

Now: $6.17▼

$6.24

50-Day Range

$6.08

MA: $6.18▼

$6.21

52-Week Range

$3.05

Now: $6.17▼

$7.00

Volume993,764 shs

Average Volume2.36 million shs

Market Capitalization$443.03 million

P/E Ratio56.10

Dividend YieldN/A

Beta0.86

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. Its applications available on iPhone, Android, iPad, and other tablets in various languages that facilitate interactions among users and encourage users to connect, communicate, and engage with each other. The company also owns and operates meetme.com, skout.com, tagged.com, hi5.com, lovoo.com, and growlrapp.com Websites; and provides online marketing capabilities, which enable marketers to display their advertisements in various formats and in various placements. The company was formerly known as MeetMe, Inc. and changed its name to The Meet Group, Inc. in April 2017. The Meet Group, Inc. was founded in 1997 and is headquartered in New Hope, Pennsylvania.

Beat the Market (BTM) Rank^™

1.3 Analyst's Opinion

Consensus Rating
Meet Group has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $6.69, Meet Group has a potential upside of 8.5% from its current price of $6.17.
Amount of Analyst Coverage
Meet Group has only been the subject of 2 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
Meet Group has received 419 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Meet Group has received 470 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Meet Group has received 52.87% “underperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Meet Group does not currently pay a dividend.
Dividend Growth
Meet Group does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Meet Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $27,070,208.00 in company stock.
Percentage Held by Insiders
Only 4.30% of the stock of Meet Group is held by insiders.
Percentage Held by Institutions
74.39% of the stock of Meet Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Meet Group are expected to decrease by -100.00% in the coming year, from $0.52 to $0.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Meet Group is 56.10, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.39.
Price to Earnings Ratio vs. Sector
The P/E ratio of Meet Group is 56.10, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.16.
Price to Earnings Growth Ratio
Meet Group has a PEG Ratio of 0.50. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Meet Group has a P/B Ratio of 2.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.18 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Advertising

Sub-IndustryInternet Software & Services

SectorComputer and Technology

Current SymbolNASDAQ:MEET

Previous SymbolNASDAQ:QPSA

CUSIP58514110

CIK1078099

Webwww.themeetgroup.com

Phone215-862-1162

Debt

Debt-to-Equity Ratio0.17

Current Ratio1.72

Quick Ratio1.72

Price-To-Earnings

Trailing P/E Ratio56.10

Forward P/E Ratio11.87

P/E Growth0.5

Sales & Book Value

Annual Sales$211.70 million

Price / Sales2.09

Cash Flow$0.60 per share

Price / Cash Flow10.27

Book Value$2.75 per share

Price / Book2.24

Profitability

EPS (Most Recent Fiscal Year)$0.36

Net Income$11.33 million

Net Margins3.53%

Return on Equity13.07%

Return on Assets9.62%

Miscellaneous

Employees296

Outstanding Shares71,804,000

Market Cap$443.03 million

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

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Meet Group (NASDAQ:MEET) Frequently Asked Questions

How has Meet Group's stock been impacted by COVID-19 (Coronavirus)?

Meet Group's stock was trading at $5.97 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MEET shares have increased by 3.4% and is now trading at $6.17. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Meet Group?

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.

When is Meet Group's next earnings date?

Meet Group is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Meet Group.

How were Meet Group's earnings last quarter?

Meet Group Inc (NASDAQ:MEET) announced its earnings results on Wednesday, May, 6th. The information services provider reported $0.09 EPS for the quarter, missing the Zacks' consensus estimate of $0.10 by $0.01. The information services provider earned $55.10 million during the quarter, compared to analysts' expectations of $53.30 million. Meet Group had a return on equity of 13.07% and a net margin of 3.53%. Meet Group's revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 earnings per share. View Meet Group's earnings history.

What price target have analysts set for MEET?

6 equities research analysts have issued 1 year price targets for Meet Group's stock. Their forecasts range from $6.30 to $7.25. On average, they expect Meet Group's share price to reach $6.69 in the next year. This suggests a possible upside of 8.5% from the stock's current price. View analysts' price targets for Meet Group.

Has Meet Group been receiving favorable news coverage?

News coverage about MEET stock has trended very negative recently, according to InfoTrie. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Meet Group earned a news sentiment score of -3.0 on InfoTrie's scale. They also assigned media coverage 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 stock's share price in the near future. View the latest news aboutMeet Group.

Are investors shorting Meet Group?

Meet Group saw a drop in short interest in May. As of May 15th, there was short interest totaling 9,500,000 shares, a drop of 10.4% from the April 30th total of 10,600,000 shares. Based on an average trading volume of 3,000,000 shares, the days-to-cover ratio is presently 3.2 days. Approximately 14.5% of the shares of the company are sold short. View Meet Group's Current Options Chain.

Who are some of Meet Group's key competitors?

Some companies that are related to Meet Group include Facebook (FB), Equinix (EQIX), eBay (EBAY), SEA (SE), Twitter (TWTR), CoStar Group (CSGP), Verisign (VRSN), Akamai Technologies (AKAM), ANGI Homeservices (ANGI), LogMeIn (LOGM), Envestnet (ENV), J2 Global (JCOM), Stamps.com (STMP), Cornerstone OnDemand (CSOD) and SPS Commerce (SPSC). View all 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), NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Walt Disney (DIS), BlackRock (BLK), Arch Coal (ARCH), Endologix (ELGX) and Netflix (NFLX).

Who are Meet Group's key executives?

Meet Group's management team includes the following 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

What is Meet Group's stock symbol?

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

Who are Meet Group's major shareholders?

Meet Group's stock is owned by many different institutional and retail investors. Top institutional investors include Magnetar Financial LLC (7.15%), BlackRock Inc. (6.45%), Water Island Capital LLC (3.54%), Acadian Asset Management LLC (3.17%), State Street Corp (2.42%) and Dupont Capital Management Corp (2.15%). 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.

Which major investors are selling Meet Group stock?

MEET stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Russell Investments Group Ltd., AXA, JPMorgan Chase & Co., Geode Capital Management LLC, Two Sigma Advisers LP, Chicago Equity Partners LLC, and PEAK6 Investments LLC. Company insiders that have sold Meet Group company stock in the last year include Frederic Beckley, James E Bugden, and Luxor Capital Group, Lp. View insider buying and selling activity for Meet Group.

Which major investors are buying Meet Group stock?

MEET stock was purchased by a variety of institutional investors in the last quarter, including Magnetar Financial LLC, Water Island Capital LLC, Dupont Capital Management Corp, Morgan Stanley, Morgan Stanley, Alliancebernstein L.P., GAM Holding AG, and Mackay Shields LLC. 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.

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 $6.17.

How big of a company is Meet Group?

Meet Group has a market capitalization of $443.03 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.

What is Meet Group's official website?

The official website for Meet Group is 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]

This page was last updated on 6/5/2020 by MarketBeat.com Staff