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.
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Industry, Sector and Symbol
Industry Advertising
Sub-IndustryInternet Software & Services
SectorComputer and Technology
Phone215-862-1162
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$178.61 million
Profitability
Miscellaneous
Employees296
Next Earnings Date11/6/2019 (Estimated)
OptionableOptionable
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) issued its quarterly earnings results on Wednesday, July, 31st. The information services provider reported $0.08 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.07 by $0.01. The information services provider earned $52 million during the quarter, compared to the consensus estimate of $50.67 million. Meet Group had a return on equity of 11.30% and a net margin of 4.53%. View Meet Group's Earnings History.
When is Meet Group's next earnings date?
What guidance has Meet Group issued on next quarter's earnings?
Meet Group updated its third quarter 2019 earnings guidance on Thursday, October, 3rd. The company provided earnings per share (EPS) 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 brokers have issued 1-year price targets for Meet Group's stock. Their forecasts range from $6.50 to $8.00. On average, they expect Meet Group's stock price to reach $7.25 in the next year. This suggests a possible upside of 64.2% 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 6 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. " (10/2/2019)
- 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?
Media coverage about MEET stock has trended negative on Sunday, InfoTrie reports. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Meet Group earned a news impact score of -2.6 on InfoTrie's scale. They also gave press coverage about the information services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for Meet Group.
Are investors shorting Meet Group?
Meet Group saw a decrease in short interest in August. As of August 31st, there was short interest totalling 12,330,000 shares, a decrease of 9.0% from the July 31st total of 13,555,300 shares. Based on an average trading volume of 1,320,000 shares, the short-interest ratio is presently 9.3 days. Approximately 17.6% of the company's shares are sold short. 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?
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
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 $4.42.
How big of a company is Meet Group?
Meet Group has a market capitalization of $336.69 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?
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)
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.
