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NASDAQ:MEETMeet Group Stock Price, Forecast & News

$6.17
-0.01 (-0.16 %)
(As of 06/1/2020 04:00 PM ET)
Add
Compare
Today's Range
$6.16
Now: $6.17
$6.18
50-Day Range
$6.02
MA: $6.16
$6.21
52-Week Range
$3.05
Now: $6.17
$7.00
Volume1.32 million shs
Average Volume2.39 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.
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Meet Group logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.18 out of 5 stars


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$0.60 per share
Book Value$2.75 per share

Profitability

Net Income$11.33 million

Miscellaneous

Employees296
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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MEET stock has 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 quarterly earnings data 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 net margin of 3.53% and a return on equity of 13.07%. The firm's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 EPS. View Meet Group's earnings history.

What price target have analysts set for MEET?

6 analysts have issued 12-month price objectives 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 twelve months. 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?

Media coverage about MEET stock has been trending extremely negative on Monday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of 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 -5.0 on InfoTrie's scale. They also assigned news coverage about the information services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutMeet Group.

Are investors shorting Meet Group?

Meet Group saw a drop in short interest during the month of 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 daily trading volume, of 3,000,000 shares, the days-to-cover ratio is presently 3.2 days. Currently, 14.5% 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?

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 retail and institutional investors. Top institutional shareholders 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, 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 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 6/1/2020 by MarketBeat.com Staff

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