Aegis Capital Reaffirms Their Buy Rating on The Meet Group Inc (MEET)

By Jason Carr

Aegis Capital analyst Victor Anthony maintained a Buy rating on The Meet Group Inc (MEETResearch Report) on October 3 and set a price target of $6.50. The company’s shares closed last Monday at $4.32.

According to TipRanks.com, Anthony is a top 100 analyst with an average return of 14.3% and a 64.2% success rate. Anthony covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, IAC/InterActiveCorp, and Match Group Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for The Meet Group Inc with a $6.33 average price target, a 58.3% upside from current levels. In a report issued on October 3, Roth Capital also maintained a Buy rating on the stock with a $6.50 price target.

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The Meet Group Inc’s market cap is currently $318.1M and has a P/E ratio of 37.13. The company has a Price to Book ratio of 1.59.

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The Meet Group, Inc. engages in the provision of mobile social entertainment apps designed for human connections. Its primary apps include MeetMe, LOOVOO, Skout, and Tagged. It operates through the mobile platforms like iPhone, Android, iPad and other tablets. The company was founded by Jeffrey Scott Peterson in June 1997 and is headquartered in New Hope, PA.