Canaccord Genuity Has Just Given The Meet Group Inc (NASDAQ:MEET) a Lower Rating. The Target is $4.0

February 15, 2018 - By Richard Conner

  Canaccord Genuity Has Just Given The Meet Group Inc (NASDAQ:MEET) a Lower Rating. The Target is $4.0

The Meet Group Inc (NASDAQ:MEET) Receives a Downgrade

In a note sent to investors and clients on 8 November, research professionals at Canaccord Genuity’s equities division decreased the rating for shares of The Meet Group Inc (NASDAQ:MEET) to a Hold. They now have a key price target of $4.0 on MEET shares, equating to 49.81 % more upside.

The Meet Group, Inc. (NASDAQ:MEET) Ratings Coverage

Among 7 analysts covering MeetMe Inc (NASDAQ:MEET), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. MeetMe Inc has $10 highest and $4.0 lowest target. $5.88’s average target is 120.22% above currents $2.67 stock price. MeetMe Inc had 22 analyst reports since October 28, 2015 according to SRatingsIntel. The firm has “Buy” rating by TH Capital given on Wednesday, October 28. The stock of The Meet Group, Inc. (NASDAQ:MEET) earned “Buy” rating by Loop Capital on Friday, August 26. Roth Capital maintained the shares of MEET in report on Friday, June 16 with “Buy” rating. The stock of The Meet Group, Inc. (NASDAQ:MEET) earned “Buy” rating by Roth Capital on Wednesday, August 9. Roth Capital maintained it with “Buy” rating and $4.0 target in Thursday, November 9 report. The stock of The Meet Group, Inc. (NASDAQ:MEET) has “Outperform” rating given on Friday, December 11 by Northland Capital. The rating was initiated by Roth Capital with “Buy” on Wednesday, October 28. As per Monday, July 31, the company rating was maintained by Roth Capital. The company was maintained on Wednesday, January 6 by TH Capital. Roth Capital maintained The Meet Group, Inc. (NASDAQ:MEET) rating on Thursday, June 22. Roth Capital has “Buy” rating and $9.2500 target.

The stock decreased 2.20% or $0.06 during the last trading session, reaching $2.67. About 195,254 shares traded. The Meet Group, Inc. (NASDAQ:MEET) has risen 40.79% since February 15, 2017 and is uptrending. It has outperformed by 24.09% the S&P500.

Analysts await The Meet Group, Inc. (NASDAQ:MEET) to report earnings on March, 5. They expect $0.06 EPS, down 64.71 % or $0.11 from last year’s $0.17 per share. MEET’s profit will be $4.31M for 11.13 P/E if the $0.06 EPS becomes a reality. After $0.09 actual EPS reported by The Meet Group, Inc. for the previous quarter, Wall Street now forecasts -33.33 % negative EPS growth.

The Meet Group, Inc. owns and operates a social network for meeting new people on the Web and on mobile platforms in the United States. The company has market cap of $191.72 million. The firm owns and operates MeetMe and Skout mobile applications; and meetme.com and skout.com Websites. It has a 13.76 P/E ratio. It also offers online marketing capabilities, which enable marketers to display their advertisements in various formats and in various locations.

More news for The Meet Group, Inc. (NASDAQ:MEET) were recently published by: Businesswire.com, which released: “The Meet Group Announces that Catherine Cook Connelly will Present at SXSW and …” on January 18, 2018. Prnewswire.com‘s article titled: “Free Research Reports on These Internet Stocks — Meet Group, Wix.com, YY, and …” and published on February 06, 2018 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.