Meet Group (NASDAQ:MEET) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Thursday.

Several other research firms also recently commented on MEET. TheStreet raised Meet Group from a “d+” rating to a “c-” rating in a report on Monday, August 27th. ValuEngine raised Meet Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. Zacks Investment Research downgraded Meet Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Finally, Canaccord Genuity raised Meet Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $3.00 to $6.00 in a report on Thursday, July 19th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Meet Group currently has a consensus rating of “Buy” and a consensus target price of $4.63.

NASDAQ MEET opened at $4.97 on Thursday. The company has a market capitalization of $367.18 million, a PE ratio of 16.03, a P/E/G ratio of 1.29 and a beta of 1.59. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 1.15. Meet Group has a 12 month low of $1.84 and a 12 month high of $5.35.

Meet Group (NASDAQ:MEET) last released its quarterly earnings data on Wednesday, August 1st. The information services provider reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. The company had revenue of $42.80 million during the quarter, compared to the consensus estimate of $38.25 million. Meet Group had a positive return on equity of 10.24% and a negative net margin of 45.79%. sell-side analysts forecast that Meet Group will post 0.2 earnings per share for the current year.

In other Meet Group news, Director Jason Whitt sold 18,500 shares of the firm’s stock in a transaction on Friday, July 13th. The stock was sold at an average price of $4.02, for a total transaction of $74,370.00. Following the completion of the sale, the director now owns 62,382 shares of the company’s stock, valued at approximately $250,775.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.10% of the company’s stock.

A number of institutional investors have recently made changes to their positions in MEET. BlackRock Inc. lifted its holdings in Meet Group by 17.6% during the 2nd quarter. BlackRock Inc. now owns 4,823,976 shares of the information services provider’s stock valued at $21,611,000 after purchasing an additional 721,187 shares during the last quarter. Intrinsic Edge Capital Management LLC lifted its holdings in Meet Group by 142.7% during the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 1,105,416 shares of the information services provider’s stock valued at $4,952,000 after purchasing an additional 650,000 shares during the last quarter. Millennium Management LLC lifted its holdings in Meet Group by 74.2% during the 2nd quarter. Millennium Management LLC now owns 1,332,693 shares of the information services provider’s stock valued at $5,970,000 after purchasing an additional 567,518 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Meet Group by 5.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,998,792 shares of the information services provider’s stock valued at $12,537,000 after purchasing an additional 328,995 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in shares of Meet Group by 285.7% during the first quarter. GSA Capital Partners LLP now owns 337,500 shares of the information services provider’s stock worth $705,000 after buying an additional 250,000 shares in the last quarter. 51.64% of the stock is owned by institutional investors and hedge funds.

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 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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