The Hype Behind Popular Inc. (BPOP), The Meet Group Inc. (MEET)

Popular Inc. (NASDAQ:BPOP) stock opened at $56.25 in recent trading session and has moved within a range spread between a low of $56.20 and a high of $57.20. When we look at the daily trading volume, traded Popular Inc. shares reached 1.39 million, slightly higher than its 90-day average trading volume of 561580.0. The company has a market cap of $5.47 billion and its earnings growth for the next 5 years has been projected to rise by 5.00%. BPOP stock gained 2.00 on the day to settle at $57.15 with a 1.69% short float and a short ratio of 2.88.

Analysts give Popular Inc. (BPOP) a recommended stock rating of 5.00 to suggest the stock is a great Strong Buy at the moment. Short term prospects for the stock appear exciting, with the distance to its 20-day simple moving average at +2.73% and the price target is given a consensus estimate of $55.43, about +1.52 up on the current stock price at $57.15. The weekly performance stands at 4.65% higher and 2.40% over the past one month. However, its overall year-to-date performance is up by 21.03% and 11.06% over the last 12 months. If we look at the company’s trailing 12-month price earnings ratio we get 8.81 while the estimated twelve-month trailing earnings per share should grow 137.50% for the current year. That figure will dwindle in 2020 but reach an average of 5.00% over the next five-year period.

If we break down the company’s shareholders to find out who the top BPOP holders are, we note that insiders hold only 1.36% of the shares. The major holders are institutions that hold 90.60% of the company’s shares, specifically spread out among 402 institutional holders. 91.84% of the share float is held by these institutions, of which the top three include are Vanguard Group, Inc. (The), Blackrock Inc. and Polaris Capital Management Inc. The Vanguard Group, Inc. (The) currently holds 9.58 million shares (about 9.90% of shares outstanding) valued at over $517.85 million as reported last on Sep 29, 2019. Blackrock Inc. and Polaris Capital Management Inc hold 4.45 million and 4.05 million shares valued at over $240.58 million and $218.81 million respectively. The two company’s shares make up 4.60% and 4.18% of the total Popular Inc. (BPOP) shares outstanding, respectively. The three top holders share value combine to more than $977.24 million.

Analysts on Wall Street have given the BPOP stock a steady of Buy for the last 3 months, with the current consensus rating among 9 polled analysts putting it at 5.00. 0 analysts have said the stock is a sell or underperform, while only 0 rate it as overweight. A further 1 rate the stock as a Hold, while 8 have rated it as a Buy.

In terms of the stock price, analysts have given the stock a 12-month consensus price target of $57.15, with the low at $62.00 and the high at $71.00. The median price of $65.00 suggests that analysts predict the stock will gain by 12.08% over the year from the last trading price. If the stock climbs to hit the high price target, then the company’s share price would have surged by an impressive 19.51% over the next 12 months. Even hitting the consensus low price we would still see the stock rise 7.82% from its current price level.

Reports show that the net insider transactions for Popular Inc. (BPOP) over the last six months sold 49589.0 shares and 0.0 shares in purchases. On 6/30/2019, Carrion Richard L Director sold 24079.0 shares at a share price of $54.24 for a total of $1.3 million. Since the sale, the stock’s price has surged 1.80%.

The Meet Group Inc. (NASDAQ: MEET) is undervalued, analysts say as the stock’s 4.60 rating makes it a Strong Buy. Meanwhile, the stock that has jumped to $5.10 by losing -0.18 in Tuesday’s market deals, received rating change over the recent past. Canaccord Genuity Downgrade the Hold rating. Oppenheimer Initiated the stock to Outperform and has the MEET stock price target for the year at $7. On May 15, 2019, Aegis Capital issued an Initiated for The Meet Group Inc. (NASDAQ:MEET) to Buy. Analysts, on average, believe could hit $6.25 per share within one year.

The twelve-month trailing price to earnings (P/E) ratio for the stock is 35.92 as of 6/29/2019 with an EPS of $0.11. Shares outstanding sit at 70.36M while the public float is currently at 66.38M shares.

The average analyst ratings momentum for the stock is 4.60 and has remained 4.60 and 5.00 a month ago and 2 months ago, respectively. We focus on changes in the sentiment portrayed by analysts over a given timeframe to get a pointer regarding the stock’s future price movements. If we look at the stock’s most recent price movements, the SMA20 is at a distance of 2.28% while enlarging that period further brings the SMA50 and SMA200 to 12.11% and 18.59% respectively.

In terms of volatility relative to the latest price change, MEET has a relative strength index (RSI) of 59.27 while the ATR figure stands at 0.21. Over the last week, the stock’s price swung only 0.20% although that rises to 8.97% over the month. Investors are encouraged by the positive sales in the quarter over quarter returns that currently stand at 15.10%. Sentiment is however tempered due to the 42.46% in quarter-over-quarter earnings a share. The Meet Group Inc. (MEET) has a return on equity ratio of 5.30% according to the company’s trailing 12 month data, while the total return on investment stands at 1.50%.