The Meet Group Inc (MEET) Gets a Buy Rating from Roth Capital

By Ryan Adsit

In a report released today, Darren Aftahi from Roth Capital maintained a Buy rating on The Meet Group Inc (MEETResearch Report), with a price target of $8. The company’s shares opened today at $5.53.

Aftahi observed:

“We think two items contributed to its in-line guide, 1) move away from non-core cross-platform video ads, and 2) additional $1M in FX (Euro) headwind for Lovoo. Modest q/q VDAU declines appear to be a 1Q event, that with tweaks to its engagement strategy, should reverse course in 2Q (growth). Strong VARPDAU trends are encouraging, and we believe with improved video penetration, should yield further growth.”

According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 14.5% and a 53.1% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, Mitek Systems Inc, and Veritone Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for The Meet Group Inc with a $8 average price target.

See today’s analyst top recommended stocks >>

The Meet Group Inc’s market cap is currently $422M and has a P/E ratio of 538.10. The company has a Price to Book ratio of 2.14.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MEET in relation to earlier this year.

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.