Is Buying The Meet Group, Inc. (MEET) Here a Winning Strategy?

April 16, 2018 - By Richard Conner

The Meet Group, Inc. (NASDAQ:MEET) Logo

The stock of The Meet Group, Inc. (NASDAQ:MEET) is a huge mover today! The stock increased 7.21% or $0.16 during the last trading session, reaching $2.38. About 866,742 shares traded. The Meet Group, Inc. (NASDAQ:MEET) has declined 63.95% since April 16, 2017 and is downtrending. It has underperformed by 75.50% the S&P500.
The move comes after 8 months positive chart setup for the $171.46M company. It was reported on Apr, 16 by Barchart.com. We have $2.55 PT which if reached, will make NASDAQ:MEET worth $12.00 million more.

Analysts await The Meet Group, Inc. (NASDAQ:MEET) to report earnings on May, 14. They expect $0.04 EPS, down 20.00 % or $0.01 from last year’s $0.05 per share. MEET’s profit will be $2.88 million for 14.88 P/E if the $0.04 EPS becomes a reality. After $0.10 actual EPS reported by The Meet Group, Inc. for the previous quarter, Wall Street now forecasts -60.00 % negative EPS growth.

The Meet Group, Inc. (NASDAQ:MEET) Ratings Coverage

Among 4 analysts covering The Meet Group Inc (NASDAQ:MEET), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. The Meet Group Inc had 8 analyst reports since October 25, 2017 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, November 9 by Canaccord Genuity. The firm has “Buy” rating by Northland Capital given on Thursday, November 9. The stock of The Meet Group, Inc. (NASDAQ:MEET) has “Market Perform” rating given on Thursday, November 9 by JMP Securities. The stock of The Meet Group, Inc. (NASDAQ:MEET) has “Buy” rating given on Wednesday, March 7 by Roth Capital. The firm earned “Buy” rating on Wednesday, October 25 by Roth Capital. The stock has “Hold” rating by Canaccord Genuity on Sunday, April 1. Canaccord Genuity maintained The Meet Group, Inc. (NASDAQ:MEET) rating on Wednesday, March 7. Canaccord Genuity has “Hold” rating and $3.0 target. The company was maintained on Thursday, November 9 by Roth Capital.

The Meet Group, Inc. owns and operates a social network for meeting new people on the Web and on mobile platforms in the United States. The company has market cap of $171.46 million. The firm owns and operates MeetMe and Skout mobile applications; and meetme.com and skout.com Websites. It currently has negative earnings. It also offers online marketing capabilities, which enable marketers to display their advertisements in various formats and in various locations.

The Meet Group, Inc. (NASDAQ:MEET) Ratings Chart

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