Meet Group Inc (NASDAQ:MEET) CEO Geoffrey Cook sold 87,886 shares of the company’s stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $5.33, for a total transaction of $468,432.38. Following the completion of the sale, the chief executive officer now owns 968,676 shares of the company’s stock, valued at approximately $5,163,043.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
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.
Shares of MEET traded down $0.01 during mid-day trading on Friday, hitting $5.87. 581,251 shares of the company’s stock were exchanged, compared to its average volume of 1,140,212. The stock has a market capitalization of $434.03 million, a PE ratio of 18.94, a P/E/G ratio of 1.07 and a beta of 1.51. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.13. Meet Group Inc has a 52 week low of $1.84 and a 52 week high of $6.19.
Meet Group (NASDAQ:MEET) last issued its earnings results on Wednesday, November 7th. The information services provider reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. Meet Group had a negative net margin of 42.63% and a positive return on equity of 10.15%. The firm had revenue of $45.72 million for the quarter, compared to analyst estimates of $43.85 million. Equities research analysts predict that Meet Group Inc will post 0.23 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on the stock. BidaskClub upgraded shares of Meet Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Roth Capital raised their target price on shares of Meet Group from $6.75 to $8.00 in a research note on Wednesday, January 9th. Finally, ValuEngine downgraded shares of Meet Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 10th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $5.75.
Institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of Meet Group by 11.1% during the fourth quarter. BlackRock Inc. now owns 5,524,371 shares of the information services provider’s stock worth $25,578,000 after purchasing an additional 552,402 shares during the period. Acadian Asset Management LLC lifted its holdings in Meet Group by 5.1% in the fourth quarter. Acadian Asset Management LLC now owns 325,372 shares of the information services provider’s stock valued at $1,507,000 after buying an additional 15,842 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in Meet Group in the fourth quarter valued at $50,000. Bailard Inc. acquired a new position in Meet Group in the fourth quarter valued at $344,000. Finally, Algert Global LLC lifted its holdings in Meet Group by 123.3% in the fourth quarter. Algert Global LLC now owns 196,977 shares of the information services provider’s stock valued at $912,000 after buying an additional 108,763 shares during the period. Hedge funds and other institutional investors own 56.19% of the company’s stock.
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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