NASDAQ:MEETMeet Group Stock Price, Forecast & News

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 stock has increased by 4.0% and is now trading at $6.21.
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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."
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Meet Group is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Meet Group.

Meet Group Inc (NASDAQ:MEET) issued its quarterly earnings results on Thursday, August, 6th. The information services provider reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.18. The information services provider earned $90.33 million during the quarter, compared to analyst estimates of $53.20 million. Meet Group had a net margin of 6.20% and a return on equity of 18.74%. The company's revenue was up 73.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 earnings per share.
View Meet Group's earnings history.

4 analysts have issued 12-month price targets for Meet Group's shares. 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 5.3% from the stock's current price.
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Press coverage about MEET stock has trended negative recently, according to InfoTrie. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. 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 daily sentiment score of -2.3 on InfoTrie's scale. They also assigned press coverage about the information services provider a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an impact on the company's share price in the near future.
View the latest news about Meet Group.

Meet Group saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 5,790,000 shares, an increase of 7.2% from the July 15th total of 5,400,000 shares. Based on an average daily trading volume, of 1,260,000 shares, the short-interest ratio is presently 4.6 days. Currently, 8.8% of the company's shares are short sold.
View Meet Group's Short Interest.

Some companies that are related to Meet Group include Facebook (FB), Equinix (EQIX), SEA (SE), eBay (EBAY), CoStar Group (CSGP), Twitter (TWTR), Verisign (VRSN), Akamai Technologies (AKAM), ANGI Homeservices (ANGI), Envestnet (ENV), Stamps.com (STMP), LogMeIn (LOGM), LivePerson (LPSN), J2 Global (JCOM) and Cimpress (CMPR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Meet Group investors own include Micron Technology (MU), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Alibaba Group (BABA), CA (CA), NVIDIA (NVDA), Advanced Micro Devices (AMD), Walt Disney (DIS), Cisco Systems (CSCO) and Gilead Sciences (GILD).

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

Meet Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Candriam Luxembourg S.C.A. (3.73%), LSV Asset Management (1.48%), Ramius Advisors LLC (1.36%), Goldman Sachs Group Inc. (1.10%), WINTON GROUP Ltd (1.04%) and Syquant Capital Sas (0.97%). 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.

MEET stock was sold by a variety of institutional investors in the last quarter, including Water Island Capital LLC, LSV Asset Management, Russell Investments Group Ltd., Bank of New York Mellon Corp, and Alps Advisors Inc.. 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.

MEET stock was purchased by a variety of institutional investors in the last quarter, including Candriam Luxembourg S.C.A., Syquant Capital Sas, WINTON GROUP Ltd, Goldman Sachs Group Inc., SG Americas Securities LLC, Ramius Advisors LLC, Healthcare of Ontario Pension Plan Trust Fund, and UBS Group AG. 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.

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 $6.21.

Meet Group has a market capitalization of $452.43 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]