NASDAQ:MEETMeet Group Stock Price, Forecast & News

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 shares have increased by 4.4% and is now trading at $6.23.
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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, August 6th 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 analysts' consensus estimates of $0.10 by $0.01. The information services provider earned $55.10 million during the quarter, compared to the consensus estimate of $53.30 million. Meet Group had a return on equity of 13.07% and a net margin of 3.53%. The company'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.

4 analysts have issued 12 month price targets 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 4.9% from the stock's current price.
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News articles about MEET stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news 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 coverage optimism score of 1.6 on InfoTrie's scale. They also assigned news stories 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 about Meet Group.

Meet Group saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 5,790,000 shares, an increase of 7.2% from the June 30th total of 5,400,000 shares. Based on an average daily volume of 1,260,000 shares, the short-interest ratio is currently 4.6 days. Approximately 8.8% of the shares of the stock are sold short.
View Meet Group's Current Options Chain.

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), Stamps.com (STMP), Envestnet (ENV), 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), 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."

Meet Group's stock is owned by many different institutional and retail investors. Top institutional investors include Candriam Luxembourg S.C.A. (3.73%), SG Americas Securities LLC (0.53%), UBS Group AG (0.32%), Strs Ohio (0.12%), Vident Investment Advisory LLC (0.04%) and Zurcher Kantonalbank Zurich Cantonalbank (0.02%). 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 bought by a variety of institutional investors in the last quarter, including Candriam Luxembourg S.C.A., SG Americas Securities LLC, UBS Group AG, Strs Ohio, Zurcher Kantonalbank Zurich Cantonalbank , and Vident Investment Advisory 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.

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 $6.23.

Meet Group has a market capitalization of $447.34 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]