MeetMe, Inc. (MEET) Given Average Recommendation of “Hold” by Analysts
Shares of MeetMe, Inc. (NASDAQ:MEET) have been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $8.25.
MEET has been the topic of a number of research reports. Loop Capital reissued a “buy” rating and set a $9.00 price target on shares of MeetMe in a report on Wednesday, May 10th. BidaskClub lowered MeetMe from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Roth Capital set a $9.00 price target on MeetMe and gave the stock a “buy” rating in a report on Wednesday, July 19th. JMP Securities lowered their price target on MeetMe from $8.00 to $6.00 and set a “mkt outperform” rating on the stock in a report on Monday, August 7th. Finally, Zacks Investment Research raised MeetMe from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th.
MeetMe (MEET) opened at 3.57 on Wednesday. The stock’s 50 day moving average price is $4.51 and its 200-day moving average price is $5.00. The company has a market capitalization of $256.32 million, a P/E ratio of 14.94 and a beta of 0.86. MeetMe has a one year low of $3.41 and a one year high of $6.47.
MeetMe (NASDAQ:MEET) last issued its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. MeetMe had a return on equity of 11.47% and a net margin of 15.95%. The company had revenue of $31.33 million for the quarter, compared to analyst estimates of $30.70 million. During the same quarter last year, the company posted $0.09 earnings per share. The business’s quarterly revenue was up 91.2% compared to the same quarter last year. Equities analysts forecast that MeetMe will post $0.43 EPS for the current year.
A number of large investors have recently made changes to their positions in MEET. IHT Wealth Management LLC purchased a new stake in shares of MeetMe during the second quarter worth approximately $304,000. Sterling Investment Advisors Ltd. increased its stake in MeetMe by 33.3% in the second quarter. Sterling Investment Advisors Ltd. now owns 20,000 shares of the information services provider’s stock worth $101,000 after buying an additional 5,000 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in MeetMe by 31.8% in the second quarter. Cubist Systematic Strategies LLC now owns 20,022 shares of the information services provider’s stock worth $101,000 after buying an additional 4,827 shares during the last quarter. Algert Global LLC bought a new stake in MeetMe during the first quarter worth about $134,000. Finally, American International Group Inc. increased its stake in MeetMe by 7.1% in the first quarter. American International Group Inc. now owns 25,418 shares of the information services provider’s stock worth $150,000 after buying an additional 1,683 shares during the last quarter. Hedge funds and other institutional investors own 56.31% of the company’s stock.
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.
Receive News & Stock Ratings for MeetMe Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MeetMe Inc. and related stocks with our FREE daily email newsletter.