News stories about Meet Group (NASDAQ:MEET) have been trending positive on Thursday, according to AlphaOne Sentiment. The research firm, a unit of Accern, ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Meet Group earned a news sentiment score of 0.43 on AlphaOne’s scale. AlphaOne also assigned news articles about the information services provider an impact score of 40 out of 100, indicating that recent news coverage is unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have impacted AlphaOne Sentiment’s analysis:
- OneRoof Energy Group, Inc. Announces Voting Results of Special Shareholders’ Meeting (marketwatch.com)
- ColorTV Enters Into Agreement to Acquire Guidebox, Inc (4-traders.com)
- CIAO Group Expects to Add Over $1 Million in Annualized Revenue Within 60 Days (prnewswire.com)
- Cambodian community leaders meet with group bringing aid to their home country (presstelegram.com)
- Crystal Group white paper highlights enterprise cloud’s abilities in tactical environments (gsnmagazine.com)
Several research firms recently commented on MEET. JMP Securities reaffirmed an “outperform” rating and issued a $9.00 price objective on shares of Meet Group in a research report on Wednesday, March 8th. Zacks Investment Research raised shares of Meet Group from a “sell” rating to a “buy” rating and set a $5.50 price target on the stock in a research report on Wednesday, January 11th. Roth Capital set a $9.00 price target on shares of Meet Group and gave the stock a “buy” rating in a research report on Thursday, February 23rd. Loop Capital reissued a “buy” rating and set a $9.00 price target on shares of Meet Group in a research report on Monday, March 6th. Finally, Canaccord Genuity assumed coverage on shares of Meet Group in a research report on Monday, March 20th. They set a “buy” rating and a $10.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of $8.70.
Shares of Meet Group (NASDAQ:MEET) traded up 0.88% during midday trading on Thursday, reaching $5.75. 655,287 shares of the company’s stock traded hands. The stock has a 50 day moving average of $5.43 and a 200-day moving average of $5.17. The stock has a market cap of $342.82 million, a P/E ratio of 7.19 and a beta of 1.08. Meet Group has a 12 month low of $3.09 and a 12 month high of $8.11.
Meet Group (NASDAQ:MEET) last posted its quarterly earnings results on Monday, March 6th. The information services provider reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.02. Meet Group had a net margin of 63.55% and a return on equity of 15.13%. The company earned $29.20 million during the quarter, compared to analyst estimates of $28.75 million. Meet Group’s quarterly revenue was up 46.7% compared to the same quarter last year. On average, equities research analysts forecast that Meet Group will post $0.57 EPS for the current fiscal year.
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Meet Group Company Profile
The Meet Group, Inc, formerly MeetMe, Inc is a social media technology company that owns and operates the MeetMe mobile applications and meetme.com. The Company is a location-based social network for meeting new people both on the Web and on mobile platforms, including on iPhone, Android, iPad and other tablets that facilitate interactions among users.
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