MeetMe Inc (MEET) was Initiated by Loop Capital to “Buy”. Loop Capital advised their investors in a research report released on Aug 26, 2016.
On the company’s financial health, MeetMe Inc reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.06. The company had revenue of $16.39 million for the quarter, compared to analysts expectations of $15.27 million. The company’s revenue was up 47.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.
MeetMe Inc opened for trading at $5.16 and hit $5.395 on the upside on Tuesday, eventually ending the session at $5.29, with a gain of 2.92% or 0.15 points. The heightened volatility saw the trading volume jump to 36,97,350 shares. Company has a market cap of $278 M.
In a different news, on Aug 18, 2016, Ernesto Cruz (director) sold 137,500 shares at $4.88 per share price. According to the SEC, on Aug 5, 2016, Spencer Garrett Rhodes (director) sold 70,182 shares at $7.36 per share price. On Aug 4, 2016, William Alena (Chief Revenue Officer) sold 458,626 shares at $7.13 per share price, according to the Form-4 filing with the securities and exchange commission.
MeetMe Inc. is a location-based social network for meeting new people both on the Web and on mobile platforms including on iPhone Android iPad and other tablets that facilitate interactions among users. The Company is a social media technology company that owns and operates MeetMe.com. The Company monetizes through advertising in-app purchases and paid subscriptions. The Company provides users with access to a menu of resources that promote social interaction information sharing and other topics of interest to users. The Company had approximately 4.98 million monthly active users (MAUs). The Company offers online marketing capabilities which enable marketers to display their advertisements in different formats and in different locations. The Company works with its advertisers to maximize the effectiveness of their campaigns by optimizing advertisement formats and placement.