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

By Carrie Williams

Roth Capital analyst Darren Aftahi maintained a Buy rating on The Meet Group Inc (MEETResearch Report) today and set a price target of $6.75. The company’s shares opened today at $3.51.

According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 7.4% and a 48.5% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, Mitek Systems Inc, and Veritone Inc.

Currently, the analyst consensus on The Meet Group Inc is a Moderate Buy with an average price target of $6.75.

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Based on The Meet Group Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $1.3 million. In comparison, last year the company had a net profit of $2.22 million.

Based on the recent corporate insider activity of 46 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.