Press coverage about The Meet Group (NASDAQ:MEET) has been trending positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. The Meet Group earned a media sentiment score of 0.42 on Accern’s scale. Accern also gave press coverage about the information services provider an impact score of 44.8051082177905 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- The Meet Group, Inc. (MEET) expected to achieve 61.94% EPS growth for next year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Investors Alertness: The Meet Group, Inc. (MEET) Oversold – Nasdaq Chronicle (nasdaqchronicle.com)
- Volatile Stock to Watch – Meet Group Inc (NASDAQ: MEET) – Alpha Beta Stock (alphabetastock.com)
- Meet : to Speak at Princeton University, HackPrinceton, and the Women in Technology Summit (4-traders.com)
- Hot Stock under Consideration – Meet Group Inc (NASDAQ: MEET) – Alpha Beta Stock (alphabetastock.com)
A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of The Meet Group from a “hold” rating to a “sell” rating in a report on Thursday, March 15th. TheStreet cut shares of The Meet Group from a “c+” rating to a “d+” rating in a report on Thursday, March 8th. Roth Capital cut their target price on shares of The Meet Group from $4.00 to $3.25 and set a “buy” rating on the stock in a report on Thursday, March 8th. ValuEngine cut shares of The Meet Group from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $4.00 target price on shares of The Meet Group in a report on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $5.05.
The Meet Group (NASDAQ:MEET) last announced its earnings results on Wednesday, March 7th. The information services provider reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The Meet Group had a negative net margin of 51.89% and a positive return on equity of 9.41%. The business had revenue of $40.20 million for the quarter, compared to analysts’ expectations of $38.18 million. During the same period in the previous year, the company posted $0.19 EPS. The company’s quarterly revenue was up 37.7% on a year-over-year basis. analysts predict that The Meet Group will post 0.03 earnings per share for the current fiscal year.
About The Meet Group
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.
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