MeetMe Inc (NASDAQ:MEET) has been assigned an average rating of “Buy” from the six ratings firms that are presently covering the firm. Six investment analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $8.70.
A number of analysts have commented on MEET shares. Zacks Investment Research downgraded MeetMe from a “hold” rating to a “sell” rating in a research report on Wednesday, December 7th. Roth Capital set a $9.00 price objective on MeetMe and gave the stock a “buy” rating in a research report on Tuesday, December 6th. Loop Capital reiterated a “buy” rating and issued a $9.00 price objective on shares of MeetMe in a research report on Monday, March 6th. JMP Securities reiterated an “outperform” rating and issued a $9.00 price objective on shares of MeetMe in a research report on Wednesday, March 8th. Finally, Canaccord Genuity started coverage on MeetMe in a research report on Monday. They issued a “buy” rating and a $10.00 price objective for the company.
In other MeetMe news, CEO Geoffrey Cook sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 19th. The stock was sold at an average price of $5.02, for a total value of $1,255,000.00. Following the completion of the sale, the chief executive officer now owns 1,345,624 shares in the company, valued at approximately $6,755,032.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.90% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC increased its position in MeetMe by 15.8% in the fourth quarter. AQR Capital Management LLC now owns 1,086,689 shares of the company’s stock valued at $5,358,000 after buying an additional 148,156 shares during the period. Tudor Investment Corp Et Al bought a new position in MeetMe during the fourth quarter valued at approximately $501,000. Lyon Street Capital LLC increased its position in MeetMe by 175.7% in the fourth quarter. Lyon Street Capital LLC now owns 780,762 shares of the company’s stock valued at $3,849,000 after buying an additional 497,521 shares during the period. Girard Securities Inc. increased its position in MeetMe by 0.3% in the fourth quarter. Girard Securities Inc. now owns 49,630 shares of the company’s stock valued at $245,000 after buying an additional 170 shares during the period. Finally, Ativo Capital Management LLC increased its position in MeetMe by 4.6% in the fourth quarter. Ativo Capital Management LLC now owns 210,548 shares of the company’s stock valued at $1,038,000 after buying an additional 9,300 shares during the period. Institutional investors and hedge funds own 53.81% of the company’s stock.
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MeetMe (NASDAQ:MEET) traded up 4.143% on Monday, hitting $5.405. The stock had a trading volume of 2,402,621 shares. MeetMe has a 1-year low of $2.71 and a 1-year high of $8.11. The firm’s 50-day moving average price is $4.97 and its 200-day moving average price is $5.22. The firm has a market cap of $322.25 million, a P/E ratio of 6.756 and a beta of 1.08.
MeetMe (NASDAQ:MEET) last announced its quarterly earnings data on Monday, March 6th. The company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. MeetMe had a return on equity of 15.13% and a net margin of 63.55%. The company earned $29.20 million during the quarter, compared to the consensus estimate of $28.75 million. The company’s quarterly revenue was up 46.7% compared to the same quarter last year. On average, equities research analysts predict that MeetMe will post $0.55 earnings per share for the current year.
MeetMe Company Profile
MeetMe, Inc is a social media technology company that owns and operates the MeetMe mobile applications and meetme.com. The Company is a location-based social network for meeting new people both on the Web and on mobile platforms, including on iPhone, Android, iPad and other tablets that facilitate interactions among users.
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