The Meet Group, Inc. (MEET) Reaches $2.33 After 7.00% Down Move; Fort LP Increased Its Gilead Sciences (GILD) Stake

April 17, 2018 - By Nellie Frank

The Meet Group, Inc. (NASDAQ:MEET) Logo

Fort Lp increased Gilead Sciences Inc (GILD) stake by 13.62% reported in 2017Q4 SEC filing. Fort Lp acquired 33,322 shares as Gilead Sciences Inc (GILD)’s stock rose 1.93%. The Fort Lp holds 278,035 shares with $19.92 million value, up from 244,713 last quarter. Gilead Sciences Inc now has $98.55B valuation. The stock increased 1.19% or $0.89 during the last trading session, reaching $75.58. About 1.90M shares traded. Gilead Sciences, Inc. (NASDAQ:GILD) has risen 9.79% since April 17, 2017 and is uptrending. It has underperformed by 1.76% the S&P500.

The stock of The Meet Group, Inc. (NASDAQ:MEET) is a huge mover today! The stock decreased 0.85% or $0.02 during the last trading session, reaching $2.33. About 266,341 shares traded. The Meet Group, Inc. (NASDAQ:MEET) has declined 63.95% since April 17, 2017 and is downtrending. It has underperformed by 75.50% the S&P500.The move comes after 6 months negative chart setup for the $167.85 million company. It was reported on Apr, 17 by Barchart.com. We have $2.17 PT which if reached, will make NASDAQ:MEET worth $11.75 million less.

The Meet Group, Inc. owns and operates a social network for meeting new people on the Web and on mobile platforms in the United States. The company has market cap of $167.85 million. The firm owns and operates MeetMe and Skout mobile applications; and meetme.com and skout.com Websites. It currently has negative earnings. It also offers online marketing capabilities, which enable marketers to display their advertisements in various formats and in various locations.

Among 7 analysts covering MeetMe Inc (NASDAQ:MEET), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. MeetMe Inc had 25 analyst reports since October 28, 2015 according to SRatingsIntel. Roth Capital maintained The Meet Group, Inc. (NASDAQ:MEET) rating on Tuesday, May 30. Roth Capital has “Buy” rating and $9.2500 target. The stock has “Buy” rating by TH Capital on Wednesday, January 6. Roth Capital initiated The Meet Group, Inc. (NASDAQ:MEET) on Wednesday, October 28 with “Buy” rating. JMP Securities downgraded The Meet Group, Inc. (NASDAQ:MEET) on Thursday, November 9 to “Market Perform” rating. On Wednesday, October 25 the stock rating was maintained by Roth Capital with “Buy”. The rating was initiated by Topeka Capital Markets on Tuesday, January 26 with “Buy”. Roth Capital maintained the shares of MEET in report on Friday, June 16 with “Buy” rating. The rating was maintained by Roth Capital on Wednesday, March 7 with “Buy”. TH Capital initiated The Meet Group, Inc. (NASDAQ:MEET) on Wednesday, October 28 with “Buy” rating. Canaccord Genuity maintained The Meet Group, Inc. (NASDAQ:MEET) rating on Wednesday, March 7. Canaccord Genuity has “Hold” rating and $3.0 target.

Analysts await The Meet Group, Inc. (NASDAQ:MEET) to report earnings on May, 14. They expect $-0.02 EPS, down 140.00% or $0.07 from last year’s $0.05 per share. After $0.10 actual EPS reported by The Meet Group, Inc. for the previous quarter, Wall Street now forecasts -120.00% negative EPS growth.

Fort Lp decreased Block H & R Inc (NYSE:HRB) stake by 277,650 shares to 247,205 valued at $6.48M in 2017Q4. It also reduced Wellcare Health Plans Inc (NYSE:WCG) stake by 20,273 shares and now owns 155,285 shares. Anthem Inc (NYSE:ANTM) was reduced too.

Investors sentiment decreased to 0.8 in Q4 2017. Its down 0.23, from 1.03 in 2017Q3. It fall, as 95 investors sold GILD shares while 545 reduced holdings. 104 funds opened positions while 411 raised stakes. 972.68 million shares or 1.57% more from 957.62 million shares in 2017Q3 were reported. Farmers & Merchants invested 0.08% of its portfolio in Gilead Sciences, Inc. (NASDAQ:GILD). Norinchukin Natl Bank The accumulated 171,334 shares. Mitsubishi Ufj Secs Communications Limited holds 0.56% of its portfolio in Gilead Sciences, Inc. (NASDAQ:GILD) for 1,860 shares. Badgley Phelps Bell invested in 108,940 shares. Retirement Sys Of Alabama accumulated 1.05M shares. 1,100 were accumulated by Arcadia Inv Mgmt Mi. Farmers Savings Bank reported 754 shares. Holt Cap Advisors Llc Dba Holt Cap Partners Lp reported 7,580 shares or 0.17% of all its holdings. Mariner Wealth Advsrs Ltd Llc accumulated 0.07% or 24,899 shares. Alpha Cubed Lc has invested 0.28% in Gilead Sciences, Inc. (NASDAQ:GILD). Wright Service holds 1.04% in Gilead Sciences, Inc. (NASDAQ:GILD) or 43,246 shares. Rand Wealth Ltd Llc reported 0.14% in Gilead Sciences, Inc. (NASDAQ:GILD). Arete Wealth Limited Co owns 13,688 shares for 0.32% of their portfolio. Point72 Asset Management LP reported 0.07% of its portfolio in Gilead Sciences, Inc. (NASDAQ:GILD). Allsquare Wealth Management Ltd Liability Company reported 0.07% of its portfolio in Gilead Sciences, Inc. (NASDAQ:GILD).

Gilead Sciences, Inc. (NASDAQ:GILD) Institutional Positions Chart

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