In a report released today, Darren Aftahi from Roth Capital maintained a Buy rating on The Meet Group Inc (NYSE MKT: MEET), with a price target of $6. The company’s shares closed yesterday at $4.89, close to its 52-week high of $5.35.
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 12.8% and a 55.3% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, Mitek Systems Inc, and Veritone Inc.
The Meet Group Inc has an analyst consensus of Strong Buy, with a price target consensus of $5.58.
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Based on The Meet Group Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $235.3K. In comparison, last year the company had a net profit of $856.6K.
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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.
