The Meet Group, Inc. (NASDAQ:MEET) went up by 0.36% from its latest closing price when compared to the 1-year high value of $7.00 and move down -24.56%, while MEET stocks collected +17.08% of gains with the last five trading sessions. Press Release reported on 03/19/20 that Plenty of Fish Launches Innovative Free Livestreaming For Dating
The Meet Group, Inc. (NASDAQ:MEET) Worth an Investment?
The Meet Group, Inc. (NASDAQ: MEET) scored price to earnings ratio above its average ratio, recording 37.72 times of increase in earnings at the present.
MEET Market Performance
MEET stocks went up by 17.08% for the week, with the monthly drop of -0.27% and a quarterly performance of 9.55%, while its annual performance rate touched 2.00%. The simple moving average for the period of the last 20 days is -0.33% for MEET stocks with the simple moving average of 24.91% for the last 200 days.
Analysts’ Opinion on The Meet Group, Inc. (NASDAQ:MEET)
Many brokerage firms have already submitted their reports for MEET stocks, with Northland Capital repeating the rating for MEET shares by setting it to “Market Perform”. The predicted price for MEET socks in the upcoming period according to Northland Capital is $26 based on the research report published on March 9, 2020.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see MEET stock at the price of $26. The rating they have provided for MEET stocks is “Hold” according to the report published on November 6, 2019.
Oppenheimer gave “Outperform” rating to MEET stocks, setting the target price at $7 in the report published on June 21, 2019.
MEET Stocks -2.71% Far from 50 Day Moving Average
After a stumble in the market that brought MEET to its low price for the period of the last 52 weeks, The Meet Group, Inc. was unable to take a rebound, for now settling with -19.71% of loss for the given period.
The stock volatility was left at 8.86%, however, within the period of a single month, the volatility rate increased by 9.08%, while the shares sank at the distance of -1.40% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +6.04% upper at the present time.
In the course of the last 5 trading sessions, MEET went up by +17.08%, which changed the moving average for the period of 200 days to the total of +54.40% of gains for the stock in comparison to the 20-day moving average settled at $5.63. In addition, The Meet Group, Inc. saw 12.18% in overturn over the period of a single year with a tendency to cut further gains.
MEET Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at The Meet Group, Inc. (MEET), starting from Luxor Capital Group, LP, who sold 751,408 shares at the price of $6.01 back on Mar 11. After this action, Rushing now owns 414,419 shares of The Meet Group, Inc., valued at $4,516,453 with the latest closing price.
Luxor Capital Group, LP, the 10% Owner of The Meet Group, Inc., sold 1,712,967 shares at the value of $6.04 during a trade that took place back on Mar 10, which means that Luxor Capital Group, LP is holding 421,183 shares at the value of $10,338,541 based on the most recent closing price.
MEET Stock Fundamentals
The current profitability levels are settled at +8.45 for the present operating margin and +35.02 for gross margin. The net margin for The Meet Group, Inc. stands at +5.35. Equity return holds the value 5.60%, with 4.20% for asset returns.