MeetMe (MEET) : Zacks Investment Research ranks MeetMe (MEET) as 2, which is a Buy recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 2 research analysts is 1, which indicates as a Strong Buy.
Also, Loop Capital initiates coverage on MeetMe (NASDAQ:MEET). The shares have now been rated Buy by the stock experts at the ratings house. Loop Capital announces the current price target of $9 per share on MeetMe . The rating by the firm was issued on August 25, 2016.
MeetMe (NASDAQ:MEET): After opening at $5.33, the stock dipped to an intraday low of $5.11 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $5.59 and the buying power remained strong till the end. The stock closed at $5.44 for the day, a gain of 1.68% for the day session. The total traded volume was 4,246,783. The stocks close on the previous trading day was $5.35.
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.