Meetme, Inc. (MEET) Files Form 4 Insider Selling : Jason Whitt Sells 2,783 Shares

Meetme, Inc. (MEET): Jason Whitt , director of Meetme, Inc. sold 2,783 shares on Apr 20, 2016. The Insider selling transaction was reported by the company on Apr 22, 2016 to the Securities and Exchange Commission. The shares were sold at $3.31 per share for a total value of $9,198.09 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 22, 2016, Jean B Clifton (director) sold 2,783 shares at $3.31 per share price.On Apr 20, 2016, William Alena (Chief Revenue Officer) sold 5,669 shares at $3.30 per share price.Also, On Apr 20, 2016, Spencer Garrett Rhodes (director) sold 2,818 shares at $3.30 per share price.On Apr 20, 2016, Geoffrey Cook (Chief Executive Officer) sold 18,469 shares at $3.30 per share price.

Shares of MeetMe Inc (MEET) ended Wednesday, Apr 20, 2016 session in red amid volatile trading. The shares closed down -0.05 points or -1.52% at $3.25 with 3,26,323 shares getting traded. Post opening the session at $3.3, the shares hit an intraday low of $3.22 and an intraday high of $3.31 and the price vacillated in this range throughout the day. The company has a market cap of $154 M and the number of outstanding shares has been calculated to be 4,74,77,000 shares. The 52-week high of MeetMe Inc is $4.54 and the 52-week low is $1.32.

MeetMe Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.MeetMe Inc is Initiated by Topeka Capital Markets to Buy and the brokerage firm has set the Price Target at $6. The Rating was issued on Jan 26, 2016.

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 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.

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