MeetMe, Inc. (NASDAQ:MEET) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Tuesday.

Several other equities analysts also recently weighed in on MEET. JMP Securities decreased their price target on shares of MeetMe from $8.00 to $6.00 and set a “mkt outperform” rating on the stock in a research note on Monday, August 7th. Roth Capital set a $9.00 price target on shares of MeetMe and gave the stock a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research downgraded shares of MeetMe from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. ValuEngine downgraded shares of MeetMe from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, Loop Capital reissued a “buy” rating and issued a $9.00 price target on shares of MeetMe in a research note on Wednesday, May 10th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $7.90.

Shares of MeetMe (NASDAQ:MEET) opened at 3.48 on Tuesday. The stock’s 50 day moving average is $4.80 and its 200 day moving average is $5.06. The stock has a market capitalization of $249.86 million, a PE ratio of 14.56 and a beta of 0.86. MeetMe has a 12 month low of $3.41 and a 12 month high of $6.47.

MeetMe (NASDAQ:MEET) last posted its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The firm had revenue of $31.33 million for the quarter, compared to the consensus estimate of $30.70 million. MeetMe had a net margin of 15.95% and a return on equity of 11.47%. The company’s revenue for the quarter was up 91.2% on a year-over-year basis. During the same period last year, the firm posted $0.09 earnings per share. Analysts anticipate that MeetMe will post $0.43 earnings per share for the current fiscal year.

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A number of institutional investors have recently modified their holdings of the company. Alambic Investment Management L.P. increased its position in shares of MeetMe by 53.1% in the first quarter. Alambic Investment Management L.P. now owns 414,211 shares of the information services provider’s stock worth $2,440,000 after buying an additional 143,700 shares during the period. Millrace Asset Group Inc. purchased a new position in shares of MeetMe during the first quarter worth approximately $1,372,000. Oxford Asset Management purchased a new position in shares of MeetMe during the first quarter worth approximately $1,854,000. Eagle Global Advisors LLC increased its position in shares of MeetMe by 16.2% in the first quarter. Eagle Global Advisors LLC now owns 84,693 shares of the information services provider’s stock worth $499,000 after buying an additional 11,783 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of MeetMe by 8.3% in the first quarter. Bank of New York Mellon Corp now owns 325,789 shares of the information services provider’s stock worth $1,919,000 after buying an additional 25,037 shares during the period. 50.15% of the stock is currently owned by institutional investors.

MeetMe Company Profile

The Meet Group, Inc, formerly MeetMe, Inc, offers a portfolio of mobile applications. The Company operates location-based social networks for meeting new people on mobile platforms, including on iPhone, Android, iPad and other tablets, and on the Web that facilitate interactions among users, and helps users to connect and chat with each other.

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