MeetMe, Inc. (NASDAQ:MEET) had its price objective decreased by analysts at JMP Securities from $8.00 to $6.00 in a research report issued on Monday, Marketbeat Ratings reports. The firm presently has a “mkt outperform” rating on the information services provider’s stock. JMP Securities’ price objective suggests a potential upside of 38.25% from the company’s previous close.

MEET has been the topic of a number of other research reports. ValuEngine cut MeetMe from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. Zacks Investment Research cut MeetMe from a “buy” rating to a “sell” rating in a research note on Saturday, May 13th. 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. Roth Capital set a $9.00 price target on MeetMe and gave the stock a “buy” rating in a research note on Wednesday, May 31st. Finally, BidaskClub cut MeetMe from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $8.10.

MeetMe (MEET) traded down 1.037% on Monday, reaching $4.295. 1,402,593 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $5.03 and its 200 day moving average is $5.15. The stock has a market capitalization of $298.57 million, a P/E ratio of 5.851 and a beta of 0.86. MeetMe has a 1-year low of $4.23 and a 1-year high of $8.11.

MeetMe (NASDAQ:MEET) last issued its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.02. The firm had revenue of $31.33 million for the quarter, compared to analysts’ expectations of $30.70 million. MeetMe had a return on equity of 12.21% and a net margin of 15.95%. MeetMe’s revenue was up 91.2% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. Analysts expect that MeetMe will post $0.44 EPS for the current year.

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Institutional investors have recently added to or reduced their stakes in the stock. Algert Global LLC acquired a new position in MeetMe during the first quarter valued at $134,000. American International Group Inc. boosted its position 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 valued at $150,000 after buying an additional 1,683 shares during the period. Perkins Capital Management Inc. acquired a new position in MeetMe during the first quarter valued at $177,000. JPMorgan Chase & Co. acquired a new position in MeetMe during the first quarter valued at $177,000. Finally, Hancock Holding Co. boosted its position in MeetMe by 19.6% in the first quarter. Hancock Holding Co. now owns 33,131 shares of the information services provider’s stock valued at $195,000 after buying an additional 5,420 shares during the period. 52.72% 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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