Analysts expect that Meet Group Inc (NASDAQ:MEET) will report earnings of $0.09 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Meet Group’s earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.09. Meet Group posted earnings per share of $0.05 in the same quarter last year, which suggests a positive year over year growth rate of 80%. The firm is scheduled to report its next earnings results on Wednesday, May 1st.
On average, analysts expect that Meet Group will report full year earnings of $0.48 per share for the current year, with EPS estimates ranging from $0.47 to $0.49. For the next fiscal year, analysts expect that the firm will post earnings of $0.57 per share, with EPS estimates ranging from $0.53 to $0.61. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Meet Group.
A number of equities research analysts recently commented on MEET shares. Roth Capital increased their target price on shares of Meet Group from $6.75 to $8.00 in a research report on Wednesday, January 9th. BidaskClub raised shares of Meet Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $5.75.
In related news, major shareholder Luxor Capital Group, Lp purchased 19,495 shares of the business’s stock in a transaction on Monday, March 4th. The shares were acquired at an average price of $5.77 per share, for a total transaction of $112,486.15. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Geoffrey Cook sold 68,902 shares of the company’s stock in a transaction that occurred on Thursday, January 17th. The shares were sold at an average price of $5.47, for a total transaction of $376,893.94. Following the transaction, the chief executive officer now owns 968,676 shares in the company, valued at approximately $5,298,657.72. The disclosure for this sale can be found here. Insiders have purchased 2,790,351 shares of company stock valued at $13,527,836 in the last three months. 6.10% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Meet Group by 3.1% during the third quarter. BlackRock Inc. now owns 4,971,969 shares of the information services provider’s stock valued at $24,612,000 after purchasing an additional 147,993 shares in the last quarter. Man Group plc increased its position in shares of Meet Group by 17.0% during the third quarter. Man Group plc now owns 239,900 shares of the information services provider’s stock valued at $1,188,000 after acquiring an additional 34,800 shares during the last quarter. NJ State Employees Deferred Compensation Plan increased its position in shares of Meet Group by 54.5% during the fourth quarter. NJ State Employees Deferred Compensation Plan now owns 170,000 shares of the information services provider’s stock valued at $787,000 after acquiring an additional 60,000 shares during the last quarter. Ativo Capital Management LLC increased its position in shares of Meet Group by 140.1% during the third quarter. Ativo Capital Management LLC now owns 300,071 shares of the information services provider’s stock valued at $1,485,000 after acquiring an additional 175,071 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Meet Group during the third quarter valued at about $108,000. Hedge funds and other institutional investors own 60.36% of the company’s stock.
NASDAQ:MEET traded down $0.04 during midday trading on Friday, reaching $5.41. 1,419,033 shares of the stock traded hands, compared to its average volume of 1,384,048. Meet Group has a 12-month low of $1.84 and a 12-month high of $6.27. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $408.38 million, a price-to-earnings ratio of 22.54, a PEG ratio of 0.87 and a beta of 1.47.
Meet Group Company Profile
The Meet Group, Inc operates various mobile social entertainment applications. Its applications are designed to meet the universal need for human connection. The company leverages a powerful live-streaming video platform, empowering global community to forge meaningful connections. The company's primary applications include, MeetMe, LOVOO, Skout, and Tagged, which keeps mobile daily active users, entertained and engaged, and originate numbers of casual chats, friendships, dates, and marriages.
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