Roth Capital analyst Darren Aftahi reiterated a Buy rating on The Meet Group Inc (NYSE MKT: MEET) today and set a price target of $5.75. The company’s shares opened today at $4.03.
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 10.5% and a 53.3% success rate. Aftahi covers the Technology sector, focusing on stocks such as Mitek Systems Inc, RumbleON Inc, and Glu Mobile.
The Meet Group Inc has an analyst consensus of Strong Buy, with a price target consensus of $5.33, which is a 32.3% upside from current levels. In a report issued on July 19, Canaccord Genuity also upgraded the stock to Buy with a $6 price target.
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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.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock.
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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.
