MeetMe Earns Outperform Rating from Analysts at JMP Securities (MEET)
Analysts at JMP Securities started coverage on shares of MeetMe (NASDAQ:MEET) in a research report issued to clients and investors on Thursday. The firm set an “outperform” rating and a $3.00 price target on the stock. JMP Securities’ price objective indicates a potential upside of 22.45% from the company’s current price.
MEET has been the subject of a number of other 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. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. MeetMe has a consensus rating of “Buy” and an average target price of $3.75.
Shares of MeetMe (NASDAQ:MEET) opened at 2.45 on Thursday. MeetMe has a 1-year low of $1.57 and a 1-year high of $4.39. The stock’s 50-day moving average is $2.34 and its 200-day moving average is $2.59. The company’s market cap is $109.6 million.
MeetMe (NASDAQ:MEET) last announced its earnings results on Monday, August 4th. The company reported ($0.04) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.06) by $0.02. The company had revenue of $10.70 million for the quarter, compared to the consensus estimate of $10.40 million. During the same quarter last year, the company posted ($0.05) earnings per share. Analysts expect that MeetMe will post $-0.16 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.