Press coverage about Meet Group (NASDAQ:MEET) has been trending positive on Wednesday, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Meet Group earned a news impact score of 0.27 on Accern’s scale. Accern also assigned news coverage about the information services provider an impact score of 45.211473173218 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Voters Not Politicians group addresses county board (miningjournal.net)
- 4 safety changes for Santa Fe High School approved at district meeting (click2houston.com)
- Dems Meet Supreme Court Pick With Mixed Message (realclearpolitics.com)
- FOSS User Group meeting in Natick (metrowestdailynews.com)
- Cancer support group to meet (magicvalley.com)
Shares of Meet Group traded down $0.11, hitting $4.06, during trading on Wednesday, according to MarketBeat.com. 1,230,568 shares of the company were exchanged, compared to its average volume of 1,150,270. The firm has a market capitalization of $318.19 million, a P/E ratio of 13.10, a PEG ratio of 1.63 and a beta of 1.56. Meet Group has a 1 year low of $1.84 and a 1 year high of $5.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.10 and a current ratio of 1.10.
MEET has been the topic of a number of analyst reports. Canaccord Genuity reiterated a “hold” rating and issued a $4.00 price objective on shares of Meet Group in a research report on Wednesday, April 4th. Zacks Investment Research lowered shares of Meet Group from a “hold” rating to a “sell” rating in a research report on Thursday, March 15th. BidaskClub lowered shares of Meet Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, ValuEngine upgraded shares of Meet Group from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $3.88.
In other Meet Group news, Director Jason Whitt sold 16,506 shares of the business’s stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $2.94, for a total transaction of $48,527.64. Following the sale, the director now directly owns 34,053 shares in the company, valued at approximately $100,115.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Geoffrey Cook sold 250,000 shares of the business’s stock in a transaction on Friday, June 15th. The stock was sold at an average price of $4.17, for a total transaction of $1,042,500.00. Following the sale, the chief executive officer now owns 1,306,562 shares in the company, valued at $5,448,363.54. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by insiders.
About Meet Group
The Meet Group, Inc operates various mobile social entertainment applications. Its applications are designed to meet the universal need for human connection. The company's applications include MeetMe, LOVOO, Skout, and Tagged that keep mobile daily active users entertained and engaged, and originate untold numbers of casual chats, friendships, dates, and marriages.
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