MeetMe (MEET) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS
MeetMe (NASDAQ:MEET) issued its quarterly earnings data on Monday. The company reported ($0.04) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.06) by $0.02, AnalystRatingsNetwork.com reports. The company had revenue of $10.70 million for the quarter, compared to the consensus estimate of $10.40 million.
MeetMe (NASDAQ:MEET) opened at 2.21 on Monday. MeetMe has a 52-week low of $1.50 and a 52-week high of $4.39. The stock’s 50-day moving average is $2.40 and its 200-day moving average is $2.58. The company’s market cap is $85.3 million.
MEET has been the subject of a number of recent research reports. Analysts at Wunderlich initiated coverage on shares of MeetMe in a research note on Wednesday, June 18th. They set a “buy” rating and a $4.50 price target on the stock. Analysts at TheStreet downgraded shares of MeetMe from a “hold” rating to a “sell” rating in a research note on Tuesday, June 10th.
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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