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. Since then, MEET stock has increased by 3.5% and is now trading at $6.18. View which stocks have been most impacted by Coronavirus.

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.

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) posted its quarterly earnings results on Wednesday, May, 6th. The information services provider reported $0.09 earnings per share 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 the consensus estimate 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 period in the prior year, the company posted $0.09 earnings per share. View Meet Group's earnings history.

6 brokerages have issued 12-month price objectives 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 $6.69 in the next year. This suggests a possible upside of 8.3% from the stock's current price. View analysts' price targets for Meet Group.

Headlines about MEET stock have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing 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 nearest to five being the most favorable. Meet Group earned a daily sentiment score of -1.0 on InfoTrie's scale. They also gave media stories about the information services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutMeet Group.

Meet Group saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 9,500,000 shares, a decline of 10.4% from the April 30th total of 10,600,000 shares. Based on an average trading volume of 3,000,000 shares, the days-to-cover ratio is currently 3.2 days. Currently, 14.5% of the shares of the company 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), Verisign (VRSN), Twitter (TWTR), Akamai Technologies (AKAM), ANGI Homeservices (ANGI), LogMeIn (LOGM), Envestnet (ENV), J2 Global (JCOM), Stamps.com (STMP), Cimpress (CMPR) and LivePerson (LPSN). 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."

Meet Group's stock is owned by a number of retail and institutional investors. Top institutional investors 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.

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.

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.

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 $6.18.

Meet Group has a market capitalization of $443.72 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]