Meet Group (NASDAQ:MEET) released its quarterly earnings data on Wednesday, March 7th. The information services provider reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01, Briefing.com reports. The business had revenue of $40.20 million for the quarter, compared to the consensus estimate of $38.18 million. Meet Group had a negative net margin of 51.89% and a positive return on equity of 8.82%. The business’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 EPS.
Shares of Meet Group (NASDAQ:MEET) traded down $0.05 on Wednesday, hitting $2.30. 1,230,000 shares of the company were exchanged, compared to its average volume of 1,180,000. Meet Group has a 12-month low of $2.19 and a 12-month high of $6.45. The stock has a market capitalization of $165.40, a price-to-earnings ratio of -2.56, a P/E/G ratio of 0.58 and a beta of 1.09.
A number of research firms have weighed in on MEET. Zacks Investment Research cut shares of Meet Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Canaccord Genuity reiterated a “hold” rating and issued a $4.00 target price on shares of Meet Group in a research report on Tuesday, December 19th. ValuEngine cut shares of Meet Group from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Roth Capital reduced their target price on shares of Meet Group from $4.00 to $3.25 and set a “buy” rating for the company in a research report on Thursday, March 8th. Finally, TheStreet cut shares of Meet Group from a “c+” rating to a “d+” rating in a research report on Thursday, March 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $5.05.
About Meet Group
The Meet Group, Inc, formerly MeetMe, Inc, offers a portfolio of mobile applications. The Company operates location-based social networks for meeting new people on mobile platforms, including on iPhone, Android, iPad and other tablets, and on the Web that facilitate interactions among users, and helps users to connect and chat with each other.
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