Northland Securities Maintains Their Buy Rating on The Meet Group (MEET)

By Austin Angelo

Northland Securities analyst Michael Latimore maintained a Buy rating on The Meet Group (MEETResearch Report) today and set a price target of $6.00. The company’s shares closed last Monday at $4.55.

According to TipRanks.com, Latimore is a 4-star analyst with an average return of 5.6% and a 47.4% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming, RingCentral, and Brightcove.

The Meet Group has an analyst consensus of Strong Buy, with a price target consensus of $6.00, implying a 33.3% upside from current levels. In a report released yesterday, Roth Capital also maintained a Buy rating on the stock with a $6.50 price target.

See today’s analyst top recommended stocks >>

The Meet Group’s market cap is currently $335.4M and has a P/E ratio of 39.16. The company has a Price to Book ratio of 1.68.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.