Roth Capital analyst Darren Aftahi maintained a Buy rating on The Meet Group Inc (MEET) on June 16 and set a price target of $8. The company’s shares closed yesterday at $3.52, close to its 52-week low of $3.05.
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 15.4% and a 50.7% 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 $7.08, which is a 101.1% upside from current levels. In a report released yesterday, Aegis Capital also maintained a Buy rating on the stock with a $6.25 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $6.27 and a one-year low of $3.05. Currently, The Meet Group Inc has an average volume of 1.52M.
Based on the recent corporate insider activity of 50 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.
