Notable Price Action: MeetMe Inc Can’t Be More Risky. Trades Sigfnicicantly Lower

Notable Price Action: MeetMe Inc Can't Be More Risky. Trades Sigfnicicantly Lower

The stock of MeetMe Inc (NASDAQ:MEET) is a huge mover today! About 4.76M shares traded hands or 64.14% up from the average. MeetMe Inc (NASDAQ:MEET) has risen 105.37% since March 1, 2016 and is uptrending. It has outperformed by 96.13% the S&P500.
The move comes after 9 months negative chart setup for the $289.86M company. It was reported on Oct, 4 by Barchart.com. We have $5.03 PT which if reached, will make NASDAQ:MEET worth $28.99 million less.

Analysts await MeetMe Inc (NASDAQ:MEET) to report earnings on November, 1. They expect $0.09 EPS, 0.00% or $0.00 from last year’s $0.09 per share. MEET’s profit will be $4.67M for 15.53 P/E if the $0.09 EPS becomes a reality. After $0.08 actual EPS reported by MeetMe Inc for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

MeetMe Inc (NASDAQ:MEET) Ratings Coverage

Out of 6 analysts covering MeetMe Inc (NASDAQ:MEET), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. MeetMe Inc has been the topic of 8 analyst reports since October 28, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Roth Capital given on Wednesday, October 28. On Wednesday, October 28 the stock rating was initiated by TH Capital with “Buy”. The stock of MeetMe Inc (NASDAQ:MEET) has “Buy” rating given on Wednesday, January 6 by TH Capital. On Friday, August 26 the stock rating was initiated by Loop Capital with “Buy”. The stock has “Outperform” rating given by Northland Capital on Friday, December 11. The stock has “Buy” rating given by Topeka Capital Markets on Tuesday, January 26.

According to Zacks Investment Research, “MeetMe, Inc. owns and operates a social network. It enables users to meet new people through social games and apps, monetized by both advertising and virtual currency. The company operates MeetMe.com, Quepasa.com and MeetMe apps on iPhone and Android. MeetMe, Inc., formerly known as Quepasa Corporation, is headquartered in New Hope, Pennsylvania.”

Insitutional Activity: The institutional sentiment decreased to 1.92 in Q2 2016. Its down 0.44, from 2.36 in 2016Q1. The ratio turned negative, as 18 funds sold all MeetMe Inc shares owned while 19 reduced positions. 36 funds bought stakes while 35 increased positions. They now own 23.93 million shares or 39.62% more from 17.14 million shares in 2016Q1.
State Street Corp has 854,369 shares for 0% of their US portfolio. Ativo Mngmt Ltd Liability Co holds 282,882 shares or 0.37% of its portfolio. California Public Employees Retirement Sys holds 0% or 63,600 shares in its portfolio. Moreover, Schwab Charles Mngmt has 0% invested in MeetMe Inc (NASDAQ:MEET) for 64,400 shares. Alliancebernstein Lp reported 26,000 shares or 0% of all its holdings. Goldman Sachs Grp Inc Inc last reported 0% of its portfolio in the stock. Axa accumulated 0.01% or 214,200 shares. The Guernsey-based Airain has invested 0.05% in MeetMe Inc (NASDAQ:MEET). Tfs Capital Ltd Llc last reported 154,153 shares in the company. National Bank Of Montreal Can accumulated 0% or 53,539 shares. The Pennsylvania-based Federated Invsts Pa has invested 0% in MeetMe Inc (NASDAQ:MEET). The Connecticut-based Quantitative Systematic Strategies Ltd Limited Liability Company has invested 0.07% in MeetMe Inc (NASDAQ:MEET). Bnp Paribas Arbitrage has 1,632 shares for 0% of their US portfolio. Wells Fargo Mn owns 112,164 shares or 0% of their US portfolio. The New York-based Citigroup has invested 0% in MeetMe Inc (NASDAQ:MEET).

Insider Transactions: Since April 13, 2016, the stock had 0 insider buys, and 25 sales for $7.81 million net activity. 5,669 MeetMe Inc (NASDAQ:MEET) shares with value of $18,679 were sold by Alena William. Cook Geoffrey sold $162,127 worth of stock. $9,285 worth of MeetMe Inc (NASDAQ:MEET) was sold by Rhodes Spencer Garrett on Monday, April 18. Shares for $27,891 were sold by CLARK DAVID D. $394,750 worth of MeetMe Inc (NASDAQ:MEET) was sold by Abbott John on Tuesday, June 14. Beckley Frederic sold $31,958 worth of MeetMe Inc (NASDAQ:MEET) on Monday, May 16. Harris Jonah H also sold $8,879 worth of MeetMe Inc (NASDAQ:MEET) on Monday, May 9.

Another recent and important MeetMe Inc (NASDAQ:MEET) news was published by Twst.com which published an article titled: “MeetMe Inc.: MeetMe Announces Closing of Skout Acquisition and Preliminary …” on October 04, 2016.

MEET Company Profile

MeetMe, Inc., incorporated on April 12, 2011, is a social media technology firm that owns and operates the MeetMe mobile applications and meetme.com. The Firm is a location 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 Firm provides users with access to a menu of resources that promote social interaction, information sharing and other topics of interest. The Firm has approximately 4.97 million monthly active users (MAUs) and approximately 1.19 million daily active users (DAUs).

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