Deutsche Bank AG Buys 71,849 Shares of The Meet Group Inc. (MEET)

Deutsche Bank AG grew its holdings in The Meet Group Inc. (NASDAQ:MEET) by 92.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,512 shares of the information services provider’s stock after purchasing an additional 71,849 shares during the period. Deutsche Bank AG’s holdings in The Meet Group were worth $420,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Engineers Gate Manager LP purchased a new stake in shares of The Meet Group in the fourth quarter valued at $229,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of The Meet Group by 22.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 121,200 shares of the information services provider’s stock valued at $342,000 after purchasing an additional 22,200 shares in the last quarter. Rice Hall James & Associates LLC lifted its holdings in shares of The Meet Group by 138.0% in the fourth quarter. Rice Hall James & Associates LLC now owns 124,675 shares of the information services provider’s stock valued at $352,000 after purchasing an additional 72,291 shares in the last quarter. Globeflex Capital L P lifted its holdings in shares of The Meet Group by 39.7% in the fourth quarter. Globeflex Capital L P now owns 256,640 shares of the information services provider’s stock valued at $724,000 after purchasing an additional 72,996 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in shares of The Meet Group by 59.2% in the fourth quarter. LSV Asset Management now owns 628,453 shares of the information services provider’s stock valued at $1,772,000 after purchasing an additional 233,700 shares in the last quarter. Institutional investors own 44.45% of the company’s stock.

In other news, Director Jason Whitt sold 16,506 shares of the company’s stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $2.94, for a total value of $48,527.64. Following the transaction, the director now directly owns 34,053 shares of the company’s stock, valued at $100,115.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.70% of the company’s stock.

MEET opened at $3.28 on Friday. The firm has a market capitalization of $224.01 million, a PE ratio of 10.58, a price-to-earnings-growth ratio of 1.14 and a beta of 1.32. The Meet Group Inc. has a 12-month low of $3.11 and a 12-month high of $3.33. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.20.

The Meet Group (NASDAQ:MEET) last posted its quarterly earnings results on Wednesday, May 2nd. The information services provider reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.03. The Meet Group had a negative net margin of 48.73% and a positive return on equity of 9.49%. The business had revenue of $37.64 million for the quarter, compared to the consensus estimate of $34.15 million. sell-side analysts anticipate that The Meet Group Inc. will post 0.14 EPS for the current fiscal year.

A number of analysts have recently issued reports on MEET shares. Zacks Investment Research lowered The Meet Group from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Canaccord Genuity restated a “hold” rating and issued a $4.00 target price on shares of The Meet Group in a report on Wednesday, April 4th. TheStreet lowered The Meet Group from a “c+” rating to a “d+” rating in a report on Thursday, March 8th. ValuEngine lowered The Meet Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, Roth Capital reduced their target price on The Meet Group from $4.00 to $3.25 and set a “buy” rating for the company in a report on Thursday, March 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The Meet Group presently has a consensus rating of “Hold” and an average target price of $3.88.

About The Meet Group

The Meet Group, Inc owns and operates a social network for meeting new people primarily on mobile platforms in the United States. The company owns and operates the MeetMe, Skout, Tagged, Hi5, and LOVOO mobile applications; and Websites, including meetme.com, skout.com, tagged.com, hi5.com, and lovoo.com, as well as Social Theater, a viral advertising platform.

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Institutional Ownership by Quarter for The Meet Group (NASDAQ:MEET)

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