Analyst Rating Update on MeetMe (MEET)

MeetMe (MEET) : 2 analysts are covering MeetMe (MEET) and their average rating on the stock is 1, which is read as a Strong Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels.

MeetMe (MEET) : 2 investment research analysts covering MeetMe (MEET) have an average price target of $7.68 for the near short term. The highest target price given by the Brokerage Firm to the stock is $8 and the lowest target is $7 for the short term. Analysts expect the variance to be within $0.46 of the average price.

For the current week, the company shares have a recommendation consensus of Buy.


MeetMe (NASDAQ:MEET): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.03 and $6.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.33, notching a gain of 4.86% for the day. The total traded volume was 3,603,821 . The stock had closed at $6.99 on the previous day.

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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