Equities analysts expect that Meet Group Inc (NASDAQ:MEET) will post $0.09 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Meet Group’s earnings. The lowest EPS estimate is $0.08 and the highest is $0.09. Meet Group posted earnings per share of $0.11 during the same quarter last year, which suggests a negative year over year growth rate of 18.2%. The business is expected to report its next quarterly earnings report on Wednesday, November 14th.

On average, analysts expect that Meet Group will report full-year earnings of $0.31 per share for the current financial year, with EPS estimates ranging from $0.29 to $0.32. For the next year, analysts forecast that the company will report earnings of $0.37 per share, with EPS estimates ranging from $0.30 to $0.44. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that that provide coverage for Meet Group.

Meet Group (NASDAQ:MEET) last posted its quarterly earnings data on Wednesday, August 1st. The information services provider reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $42.80 million for the quarter, compared to analyst estimates of $38.25 million. Meet Group had a positive return on equity of 10.24% and a negative net margin of 45.79%.

MEET has been the topic of a number of recent research reports. BidaskClub raised Meet Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. Canaccord Genuity set a $6.00 target price on Meet Group and gave the stock a “buy” rating in a research report on Tuesday, August 21st. ValuEngine raised Meet Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. TheStreet raised Meet Group from a “d+” rating to a “c-” rating in a research report on Monday, August 27th. Finally, Zacks Investment Research downgraded Meet Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. Three equities research 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 a consensus price target of $4.63.

Shares of Meet Group stock traded up $0.07 during trading on Friday, reaching $4.63. The company’s stock had a trading volume of 3,619 shares, compared to its average volume of 933,008. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $348.90 million, a PE ratio of 14.71, a PEG ratio of 1.22 and a beta of 1.58. Meet Group has a one year low of $1.84 and a one year high of $5.35.

In related news, Director Jason Whitt sold 18,500 shares of Meet Group stock in a transaction dated Friday, July 13th. The stock was sold at an average price of $4.02, for a total transaction of $74,370.00. Following the sale, the director now directly owns 62,382 shares of the company’s stock, valued at $250,775.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 6.10% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in Meet Group by 167.5% during the first quarter. JPMorgan Chase & Co. now owns 60,170 shares of the information services provider’s stock valued at $126,000 after purchasing an additional 37,677 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Meet Group by 40.2% during the first quarter. Wells Fargo & Company MN now owns 155,670 shares of the information services provider’s stock valued at $325,000 after purchasing an additional 44,624 shares in the last quarter. LSV Asset Management boosted its holdings in Meet Group by 109.4% during the first quarter. LSV Asset Management now owns 1,316,053 shares of the information services provider’s stock valued at $2,750,000 after purchasing an additional 687,600 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Meet Group during the second quarter valued at approximately $415,000. Finally, Hartford Investment Management Co. acquired a new stake in Meet Group during the second quarter valued at approximately $428,000. 51.64% of the stock is currently owned by institutional investors.

Meet Group Company Profile

The Meet Group, Inc operates various mobile social entertainment applications. Its applications are designed to meet the universal need for human connection. The company leverages a powerful live-streaming video platform, empowering global community to forge meaningful connections. The company's primary applications include, MeetMe, LOVOO, Skout, and Tagged, which keeps mobile daily active users, entertained and engaged, and originate numbers of casual chats, friendships, dates, and marriages.

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