Meet Group (NASDAQ:MEET) Earns Buy Rating from Northland Securities

Northland Securities reiterated their buy rating on shares of Meet Group (NASDAQ:MEET) in a research note issued to investors on Friday, November 8th, AnalystRatings.com reports. Northland Securities currently has a $6.00 price objective on the information services provider’s stock.

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MEET has been the topic of a number of other reports. Canaccord Genuity downgraded shares of Meet Group from a buy rating to a hold rating in a research note on Wednesday, November 6th. BidaskClub upgraded shares of Meet Group from a strong sell rating to a sell rating in a research report on Saturday, October 5th. Aegis restated a buy rating and issued a $6.50 target price on shares of Meet Group in a report on Sunday, October 6th. ValuEngine upgraded shares of Meet Group from a sell rating to a hold rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded shares of Meet Group from a hold rating to a buy rating and set a $3.75 target price on the stock in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $6.39.

Meet Group stock traded down $0.03 during mid-day trading on Friday, reaching $5.03. The company’s stock had a trading volume of 716,800 shares, compared to its average volume of 1,036,577. The business’s 50 day simple moving average is $4.28 and its 200 day simple moving average is $3.89. The company has a market capitalization of $362.85 million, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 0.62 and a beta of 1.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.22 and a current ratio of 1.64. Meet Group has a 12 month low of $3.05 and a 12 month high of $6.27.

Institutional investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale purchased a new position in Meet Group during the second quarter valued at $35,000. Meritage Portfolio Management purchased a new position in shares of Meet Group in the 2nd quarter worth about $38,000. Meeder Asset Management Inc. grew its stake in shares of Meet Group by 3,841.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 15,332 shares of the information services provider’s stock valued at $54,000 after purchasing an additional 14,943 shares during the period. Jane Street Group LLC bought a new stake in shares of Meet Group during the 2nd quarter valued at about $58,000. Finally, Schroder Investment Management Group bought a new stake in shares of Meet Group during the 2nd quarter valued at about $67,000. 67.10% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Meet Group (NASDAQ:MEET)

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