Price Change to Note: What Next for MeetMe Inc Stock After Today’s Significant Increase?

Price Change to Note: What Next for MeetMe Inc Stock After Today's Significant Increase?

The stock of MeetMe Inc (NASDAQ:MEET) is a huge mover today! About 1.72 million shares traded hands. MeetMe Inc (NASDAQ:MEET) has risen 79.81% since March 2, 2016 and is uptrending. It has outperformed by 71.55% the S&P500.
The move comes after 8 months positive chart setup for the $285.78 million company. It was reported on Oct, 5 by Barchart.com. We have $14.55 PT which if reached, will make NASDAQ:MEET worth $414.38M more.

Analysts await MeetMe Inc (NASDAQ:MEET) to report earnings on November, 1. They expect $0.09 earnings per share, 0.00% or $0.00 from last year’s $0.09 per share. MEET’s profit will be $4.33M for 16.50 P/E if the $0.09 EPS becomes a reality. After $0.08 actual earnings per share 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. Roth Capital initiated it with “Buy” rating and $4 target price in Wednesday, October 28 report. The stock of MeetMe Inc (NASDAQ:MEET) has “Buy” rating given on Wednesday, October 28 by TH Capital. The stock has “Outperform” rating given by Northland Capital on Friday, December 11. The company was initiated on Tuesday, January 26 by Topeka Capital Markets. TH Capital maintained the stock with “Buy” rating in Wednesday, January 6 report. Loop Capital initiated the shares of MEET in a report on Friday, August 26 with “Buy” rating.

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 2016 Q2. Its down 0.44, from 2.36 in 2016Q1. The ratio dived, 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.
Systematic Finance L P last reported 0.05% of its portfolio in the stock. Boston reported 661,506 shares or 0.01% of all its holdings. Blackrock Institutional Na, a California-based fund reported 714,154 shares. Gotham Asset Limited Liability Corp holds 21,681 shares or 0% of its portfolio. Harvest Cap Strategies Ltd accumulated 2.06% or 2.75M shares. Natl Bank Of America De holds 0% of its portfolio in MeetMe Inc (NASDAQ:MEET) for 9,279 shares. The Ontario – Canada-based Bank Of Montreal Can has invested 0% in MeetMe Inc (NASDAQ:MEET). Ativo Mgmt Lc owns 282,882 shares or 0.37% of their US portfolio. Citigroup Inc has 4,154 shares for 0% of their US portfolio. Cadence Mgmt Lc holds 316,947 shares or 0.13% of its portfolio. Federated Pa holds 0% or 1,153 shares in its portfolio. Bnp Paribas Arbitrage accumulated 1,632 shares or 0% of the stock. Thompson Davis & Company last reported 71,100 shares in the company. Ellington Mngmt Group Limited Liability Company holds 0.2% of its portfolio in MeetMe Inc (NASDAQ:MEET) for 26,800 shares. Morgan Stanley accumulated 205,738 shares or 0% of the stock.

Insider Transactions: Since April 13, 2016, the stock had 0 insider purchases, and 25 insider sales for $7.81 million net activity. Cook Geoffrey also sold $60,854 worth of MeetMe Inc (NASDAQ:MEET) on Monday, April 18. Alena William had sold 5,669 shares worth $18,679. Another trade for 2,818 shares valued at $9,285 was made by Abbott John on Monday, April 18. Shares for $17,784 were sold by Harris Jonah H on Monday, May 23. Rhodes Spencer Garrett sold $516,083 worth of MeetMe Inc (NASDAQ:MEET) on Wednesday, August 3. $9,198 worth of MeetMe Inc (NASDAQ:MEET) was sold by Whitt Jason. Beckley Frederic also sold $12,544 worth of MeetMe Inc (NASDAQ:MEET) shares.

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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