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

$5.60
-0.15 (-2.61 %)
(As of 03/29/2020 01:17 AM ET)
Today's Range
$5.55
Now: $5.60
$5.76
50-Day Range
$4.80
MA: $5.89
$6.82
52-Week Range
$3.05
Now: $5.60
$7.00
Volume1.65 million shs
Average Volume5.49 million shs
Market Capitalization$398.10 million
P/E Ratio35.00
Dividend YieldN/A
Beta1.44
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.
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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$211.70 million
Cash Flow$0.59 per share
Book Value$2.75 per share

Profitability

Net Income$11.33 million

Miscellaneous

Employees296
Market Cap$398.10 million
Next Earnings Date5/13/2020 (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 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.

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, May 13th 2020. View our earnings forecast for Meet Group.

How were Meet Group's earnings last quarter?

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.

What price target have analysts set for MEET?

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.

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. " (1/15/2020)
  • 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 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.

Are investors shorting Meet 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.

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), 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).

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 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.

Which major investors are selling Meet Group stock?

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.

Which major investors are buying Meet Group stock?

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.

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 $5.60.

How big of a company is Meet Group?

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.

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:  414 (Vote Outperform)
Underperform Votes:  462 (Vote Underperform)
Total Votes:  876
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 3/29/2020 by MarketBeat.com Staff

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