Shares of MeetMe, Inc. (NASDAQ:MEET) have been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $8.06.

MEET has been the subject of a number of recent research reports. Canaccord Genuity cut MeetMe from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a research report on Thursday, November 9th. Zacks Investment Research cut MeetMe from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. BidaskClub cut MeetMe from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 15th. JMP Securities cut MeetMe from an “outperform” rating to a “market perform” rating and set a $6.00 price target for the company. in a report on Thursday, November 9th. Finally, Roth Capital restated a “buy” rating and issued a $7.25 price target on shares of MeetMe in a report on Wednesday, October 25th.

Shares of MeetMe (NASDAQ MEET) opened at $2.36 on Friday. The company has a market capitalization of $169.10, a PE ratio of 6.50, a P/E/G ratio of 0.48 and a beta of 0.91. MeetMe has a 52-week low of $2.19 and a 52-week high of $6.45.

MeetMe (NASDAQ:MEET) last posted its quarterly earnings data on Wednesday, November 8th. The information services provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $32.25 million during the quarter, compared to analysts’ expectations of $32.33 million. MeetMe had a return on equity of 10.85% and a net margin of 11.90%. The firm’s quarterly revenue was up 87.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. analysts expect that MeetMe will post 0.25 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in MeetMe by 24.3% in the 1st quarter. Vanguard Group Inc. now owns 2,517,889 shares of the information services provider’s stock valued at $14,831,000 after buying an additional 493,038 shares during the period. Rhumbline Advisers grew its holdings in MeetMe by 79.4% in the 2nd quarter. Rhumbline Advisers now owns 77,763 shares of the information services provider’s stock valued at $393,000 after buying an additional 34,427 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in MeetMe by 53.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 99,000 shares of the information services provider’s stock valued at $500,000 after buying an additional 34,600 shares during the period. TIAA CREF Investment Management LLC lifted its stake in shares of MeetMe by 54.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 176,772 shares of the information services provider’s stock valued at $893,000 after purchasing an additional 62,406 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of MeetMe by 45.1% in the 2nd quarter. American Century Companies Inc. now owns 559,484 shares of the information services provider’s stock valued at $2,825,000 after purchasing an additional 173,902 shares in the last quarter. Institutional investors own 50.87% of the company’s stock.

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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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