News stories about Meet Group (NASDAQ:MEET) have been trending very positive this week, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Meet Group earned a coverage optimism score of 4.00 on their scale. InfoTrie also gave news headlines about the information services provider an news buzz score of 3 out of 10, meaning that recent news coverage is unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Meet Group’s ranking:
- Meet Group Inc (NASDAQ:MEET) Short Interest Up 6.9% in December (americanbankingnews.com)
- Meet Group Inc (NASDAQ:MEET) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Microsoft, The Meet Group partner on ‘grooming detection technique’ for messaging apps (technical.ly)
- The Meet Group Collaborates with Microsoft on Technology to Detect Child Sex Predators (finance.yahoo.com)
- Austin Sewing Meetup Group Hosts All-Day Saturday Retreat (patch.com)
Shares of MEET stock traded up $0.12 during mid-day trading on Thursday, reaching $5.57. The stock had a trading volume of 446,871 shares, compared to its average volume of 717,130. Meet Group has a 12-month low of $3.05 and a 12-month high of $6.27. The company has a market cap of $390.82 million, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 0.51 and a beta of 1.54. The business has a 50-day simple moving average of $5.11 and a 200 day simple moving average of $4.17. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.17.
Several analysts recently commented on the stock. Aegis reiterated a “buy” rating and issued a $6.50 price objective on shares of Meet Group in a research note on Sunday, October 6th. Roth Capital assumed coverage on shares of Meet Group in a research report on Thursday, November 14th. They set a “buy” rating and a $6.50 target price on the stock. Canaccord Genuity cut shares of Meet Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Northland Securities reaffirmed a “buy” rating and issued a $6.00 target price on shares of Meet Group in a report on Friday, November 8th. Finally, Zacks Investment Research downgraded shares of Meet Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $6.71.
In other Meet Group news, CFO James E. Bugden sold 60,000 shares of Meet Group stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $5.50, for a total transaction of $330,000.00. Following the completion of the transaction, the chief financial officer now owns 252,726 shares in the company, valued at $1,389,993. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.30% of the company’s stock.
Meet Group Company Profile
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.
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