Meet Group (MEET) Price Target Cut to $3.25 by Analysts at Roth Capital

Meet Group (NASDAQ:MEET) had its target price trimmed by Roth Capital from $4.00 to $3.25 in a research report sent to investors on Thursday morning, Marketbeat.com reports. The firm currently has a buy rating on the information services provider’s stock.

Other research analysts have also recently issued reports about the company. Canaccord Genuity reiterated a hold rating and issued a $4.00 price target on shares of Meet Group in a research note on Tuesday, December 19th. Zacks Investment Research cut Meet Group from a hold rating to a sell rating in a research note on Friday, December 15th. ValuEngine cut Meet Group from a buy rating to a hold rating in a research note on Sunday, December 31st. Finally, JMP Securities cut Meet Group from an outperform rating to a market perform rating and set a $6.00 price target for the company. in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $5.05.

How to Become a New Pot Stock Millionaire

Meet Group (NASDAQ:MEET) opened at $2.46 on Thursday. Meet Group has a 12 month low of $2.19 and a 12 month high of $6.45. The company has a market capitalization of $176.91, a price-to-earnings ratio of -2.73, a PEG ratio of 0.57 and a beta of 1.09.

Meet Group (NASDAQ:MEET) last announced its quarterly earnings results on Wednesday, March 7th. The information services provider reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.01. Meet Group had a positive return on equity of 8.82% and a negative net margin of 51.89%. The company had revenue of $40.20 million during the quarter, compared to analysts’ expectations of $38.18 million. During the same period in the prior year, the company earned $0.19 EPS. Meet Group’s revenue was up 37.7% compared to the same quarter last year. equities analysts expect that Meet Group will post 0.22 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC increased its holdings in Meet Group by 56.4% in the second quarter. Parametric Portfolio Associates LLC now owns 26,011 shares of the information services provider’s stock valued at $131,000 after purchasing an additional 9,383 shares during the period. Voya Investment Management LLC increased its holdings in Meet Group by 50.0% in the second quarter. Voya Investment Management LLC now owns 28,570 shares of the information services provider’s stock valued at $144,000 after purchasing an additional 9,528 shares during the period. Nationwide Fund Advisors increased its holdings in Meet Group by 28.2% in the second quarter. Nationwide Fund Advisors now owns 51,568 shares of the information services provider’s stock valued at $260,000 after purchasing an additional 11,333 shares during the period. New York State Common Retirement Fund increased its holdings in Meet Group by 42.9% in the second quarter. New York State Common Retirement Fund now owns 51,000 shares of the information services provider’s stock valued at $258,000 after purchasing an additional 15,299 shares during the period. Finally, Alps Advisors Inc. increased its holdings in Meet Group by 22.8% in the third quarter. Alps Advisors Inc. now owns 117,331 shares of the information services provider’s stock valued at $427,000 after purchasing an additional 21,752 shares during the period. Institutional investors and hedge funds own 44.03% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Meet Group (MEET) Price Target Cut to $3.25 by Analysts at Roth Capital” was first published by Markets Daily and is owned by of Markets Daily. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://www.themarketsdaily.com/2018/03/12/meet-group-meet-price-target-cut-to-3-25-by-analysts-at-roth-capital.html.

Meet Group Company Profile

The Meet Group, Inc, formerly MeetMe, Inc, offers a portfolio of mobile applications. The Company operates location-based social networks for meeting new people on mobile platforms, including on iPhone, Android, iPad and other tablets, and on the Web that facilitate interactions among users, and helps users to connect and chat with each other.

Receive News & Ratings for Meet Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meet Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply