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. Since then, MEET shares have 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.
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Meet Group Inc (NASDAQ:MEET) released its quarterly earnings data on Thursday, August, 6th. The information services provider reported $0.26 EPS for the quarter, topping the Thomson Reuters' consensus estimate 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 return on equity of 18.74% and a net margin of 6.20%. Meet Group's revenue for the quarter was up 73.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 EPS.
View Meet Group's earnings history.

4 brokers have issued 1-year 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 twelve months. This suggests a possible upside of 5.3% from the stock's current price.
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Press coverage about MEET stock has been trending neutral recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Meet Group earned a news impact score of 0.2 on InfoTrie's scale. They also gave media stories about the information services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely 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 in 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 volume of 1,260,000 shares, the days-to-cover ratio is presently 4.6 days. Approximately 8.8% of the shares of the company are short sold.
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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 many different retail and institutional investors. Top institutional investors include Candriam Luxembourg S.C.A. (3.73%), LSV Asset Management (1.48%), WINTON GROUP Ltd (1.04%), Syquant Capital Sas (0.97%), GAM Holding AG (0.71%) and SG Americas Securities LLC (0.53%). 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 LSV Asset Management, Russell Investments Group Ltd., 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.
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MEET stock was bought by a variety of institutional investors in the last quarter, including Candriam Luxembourg S.C.A., Syquant Capital Sas, WINTON GROUP Ltd, SG Americas Securities LLC, Healthcare of Ontario Pension Plan Trust Fund, UBS Group AG, Swiss National Bank, and GAM Holding 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 $445.90 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]