The Meet Group (NASDAQ:MEET) shares traded 0% up during most recent session to reach at the closing price of $2.25. The stock exchanged hands 1.61 Million shares versus average trading capacity of 1.19 Million shares, yielding a market cap of $161.8 Million. Wall Street analysts covering the stock are projecting that the stock will reach $4.06 within the next 52-weeks. The mean target projections are based on 4 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have The Meet Group (NASDAQ:MEET) high price target of $6 and with a conservative view have low price target of $3.
JMP Securities “Downgrades” The Meet Group (NASDAQ:MEET) in a research note issued to investors on 11/09/17 to Market Perform with price target of $0.
Additionally on 11/09/17 Canaccord Genuity “Downgrades” The Meet Group (NASDAQ:MEET) to Hold setting price target at $0 and on 8/07/17 JMP Securities “Maintained” the stock to Market Outperform at $6. Furthermore on 3/20/17 Canaccord Genuity “Initiates Coverage On” the stock to Buy at $10.
On the other hand the company has Relative Strength Index (RSI 14) of 37.64 along with Average True Range (ATR 14) of 0.19, Consequently The Meet Group (NASDAQ:MEET)’s weekly and monthly volatility is 5.09%, 6.58% respectively. The company’s beta value is at 1.2.
In terms of Buy, Sell or Hold recommendations, The Meet Group (NASDAQ:MEET) has analysts’ mean recommendation of 2.5. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts The Meet Group (NASDAQ:MEET)’s minimum EPS for the current quarter is at $0.01 and can go high up to $0.03. The consensus mean EPS for the current quarter is at $0.02 derived from a total of 3 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.07 earnings per share for the same quarter during last year.
Previously The Meet Group (NASDAQ:MEET) reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The company posted an earnings surprise of 9.1%.
The Meet Group (NASDAQ:MEET)’s revenue estimates for the current quarter are $34.17 Million according to 3 number of analysts, for the current quarter the company has high revenue estimates of $34.2 Million in contradiction of low revenue estimates of $34.1 Million. For the current year the company’s revenue estimates are $142.8 Million compared to low analyst estimates of $140.9 Million and high estimates of $144 Million according to 3 number of analysts.
Currently The Meet Group (NASDAQ:MEET)’s shares owned by insiders are 1.1%, whereas shares owned by institutional owners are 45.2%. However the six-month change in the insider ownership was recorded 0.9%, as well as three-month change in the institutional ownership was recorded -13.79%.
The Meet Group (NASDAQ:MEET) 52-week high price stands at $6.45 and low price stands at $2.19, its price distance from 52-week high is -65.12% while its distance from 52-week low price is 2.74%. The stock hit its 52-week high on 05/08/17, and 52-week low on 03/16/18.
The Meet Group (NASDAQ:MEET)’s trailing twelve month revenues are $123.8 Million, whereas its price to sales ratio for the same period is 1.31. Its book value per share for the most recent quarter is $3.51 while its price to book ratio for the same period is 0.64, as for as the company’s cash per share for the most recent quarter is $0.34, however its price to cash per share ratio for the same period is 6.58. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.