Meet Group Inc (NASDAQ:MEET) CEO Geoffrey Cook sold 87,886 shares of the business’s stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $5.33, for a total value of $468,432.38. Following the sale, the chief executive officer now directly owns 968,676 shares of the company’s stock, valued at $5,163,043.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Geoffrey Cook also recently made the following trade(s):

  • On Thursday, January 17th, Geoffrey Cook sold 68,902 shares of Meet Group stock. The stock was sold at an average price of $5.47, for a total value of $376,893.94.

Meet Group stock opened at $5.44 on Friday. The stock has a market cap of $401.50 million, a PE ratio of 17.55, a P/E/G ratio of 0.99 and a beta of 1.15. Meet Group Inc has a 1 year low of $1.84 and a 1 year high of $6.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14.

Meet Group (NASDAQ:MEET) last posted its earnings results on Wednesday, November 7th. The information services provider reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The company had revenue of $45.72 million during the quarter, compared to analyst estimates of $43.85 million. Meet Group had a positive return on equity of 10.15% and a negative net margin of 42.63%. Equities analysts forecast that Meet Group Inc will post 0.23 EPS for the current year.

Institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in shares of Meet Group during the 3rd quarter worth about $108,000. Virtu Financial LLC acquired a new position in shares of Meet Group in the 3rd quarter valued at approximately $110,000. Metropolitan Life Insurance Co. NY acquired a new position in shares of Meet Group in the 2nd quarter valued at approximately $109,000. Bank of Montreal Can grew its position in shares of Meet Group by 316.6% in the 3rd quarter. Bank of Montreal Can now owns 27,547 shares of the information services provider’s stock valued at $135,000 after purchasing an additional 20,935 shares during the period. Finally, MetLife Investment Advisors LLC acquired a new position in shares of Meet Group in the 2nd quarter valued at approximately $155,000. Institutional investors own 56.08% of the company’s stock.

MEET has been the subject of several analyst reports. Roth Capital boosted their target price on Meet Group from $6.75 to $8.00 in a research report on Wednesday, January 9th. BidaskClub lowered Meet Group from a “hold” rating to a “sell” rating in a research report on Saturday, October 13th. Finally, ValuEngine lowered Meet Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 10th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $5.75.

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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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Insider Buying and Selling by Quarter for Meet Group (NASDAQ:MEET)

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