MeetMe Rating Lowered to Sell at TheStreet (MEET)
The analysts wrote, “MeetMe (MEET) has been downgraded by TheStreet Ratings from hold to sell. The area that we feel has been the company’s primary weakness has been its disappointing return on equity.”
MEET has been the subject of a number of other recent research reports. Analysts at Northland Securities upgraded shares of MeetMe to an “outperform” rating in a research note on Wednesday, April 30th. Analysts at HC Wainwright reiterated a “buy” rating on shares of MeetMe in a research note on Thursday, March 27th.
Shares of MeetMe (NASDAQ:MEET) traded down 1.48% on Tuesday, hitting $1.862. The stock had a trading volume of 144,850 shares. MeetMe has a 1-year low of $1.07 and a 1-year high of $4.39. The stock has a 50-day moving average of $2.35 and a 200-day moving average of $2.45. The company’s market cap is $71.9 million.
MeetMe (NASDAQ:MEET) last announced its earnings results on Thursday, May 8th. The company reported ($0.09) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.03) by $0.06. The company had revenue of $9.50 million for the quarter, compared to the consensus estimate of $9.38 million. Analysts expect that MeetMe will post $-0.21 EPS for the current fiscal year.
MeetMe, Inc (NASDAQ:MEET) is a social network for meeting new people in the United States and the public market for social discovery.
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