The Meet Group (MEET) Receiving Favorable Media Coverage, Analysis Shows

Media coverage about The Meet Group (NASDAQ:MEET) has been trending positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. The Meet Group earned a news sentiment score of 0.28 on Accern’s scale. Accern also assigned news coverage about the information services provider an impact score of 46.9844239421183 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media stories that may have impacted Accern’s analysis:

NASDAQ MEET opened at $1.92 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.22. The Meet Group has a 12-month low of $1.84 and a 12-month high of $6.45. The stock has a market cap of $139.76, a price-to-earnings ratio of 6.19, a price-to-earnings-growth ratio of 3.88 and a beta of 1.31.

The Meet Group (NASDAQ:MEET) last posted its quarterly earnings results on Wednesday, March 7th. The information services provider reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $38.18 million. During the same period in the prior year, the business posted $0.19 earnings per share. The company’s revenue was up 37.7% on a year-over-year basis. sell-side analysts predict that The Meet Group will post 0.03 earnings per share for the current fiscal year.

Several brokerages recently issued reports on MEET. Canaccord Genuity reiterated a “hold” rating and issued a $4.00 target price on shares of The Meet Group in a research report on Wednesday. TheStreet lowered shares of The Meet Group from a “c+” rating to a “d+” rating in a research report on Thursday, March 8th. Zacks Investment Research lowered shares of The Meet Group from a “hold” rating to a “sell” rating in a research report on Thursday, March 15th. ValuEngine lowered shares of The Meet Group from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Roth Capital cut their price target on shares of The Meet Group from $4.00 to $3.25 and set a “buy” rating for the company in a research report on Thursday, March 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $5.05.

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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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