NASDAQ:MEETMeet Group Stock Price, Forecast & News

Meet Group's stock was trading at $5.97 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MEET shares have increased by 4.9% and is now trading at $6.26. View which stocks have been most impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meet Group in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Meet Group.

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

Meet Group Inc (NASDAQ:MEET) released its quarterly earnings results on Wednesday, May, 6th. The information services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.01. The information services provider had revenue of $55.10 million for 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%. The business's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 EPS. View Meet Group's earnings history.

4 brokerages have issued 12-month price objectives for Meet Group's stock. Their forecasts range from $6.30 to $7.25. On average, they anticipate Meet Group's stock price to reach $6.54 in the next year. This suggests a possible upside of 4.4% from the stock's current price. View analysts' price targets for Meet Group.

Media stories about MEET stock have trended negative this week, InfoTrie reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Meet Group earned a daily sentiment score of -2.1 on InfoTrie's scale. They also gave media headlines about the information services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news about Meet Group.

Meet Group saw a decrease in short interest in the month of June. As of June 15th, there was short interest totaling 5,650,000 shares, a decrease of 26.4% from the May 31st total of 7,680,000 shares. Based on an average daily trading volume, of 2,290,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 8.6% of the company's shares 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), SEA (SE), CoStar Group (CSGP), Twitter (TWTR), Verisign (VRSN), Akamai Technologies (AKAM), ANGI Homeservices (ANGI), LogMeIn (LOGM), Envestnet (ENV), Stamps.com (STMP), LivePerson (LPSN), J2 Global (JCOM) and SPS Commerce (SPSC). View all competitors.

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).

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

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 $6.26.

Meet Group has a market capitalization of $449.47 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.

The official website for Meet Group is 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]