The stock of MeetMe Inc (NASDAQ:MEET) is a huge mover today! About 972,058 shares traded hands. MeetMe Inc (NASDAQ:MEET) has risen 71.48% since April 11, 2016 and is uptrending. It has outperformed by 65.33% the S&P500.
The move comes after 8 months positive chart setup for the $261.88 million company. It was reported on Nov, 11 by Barchart.com. We have $13.58 PT which if reached, will make NASDAQ:MEET worth $479.24M more.
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 company was initiated on Wednesday, October 28 by TH Capital. On Friday, August 26 the stock rating was initiated by Loop Capital with “Buy”. TH Capital maintained the shares of MEET in a report on Wednesday, January 6 with “Buy” rating. The company was initiated on Tuesday, January 26 by Topeka Capital Markets. Northland Capital maintained MeetMe Inc (NASDAQ:MEET) on Friday, December 11 with “Outperform” rating. Roth Capital initiated the stock with “Buy” rating in Wednesday, October 28 report.
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 dropped, 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.
Citigroup holds 0% or 4,154 shares in its portfolio. Barclays Public Ltd Com has 250,700 shares for 0% of their US portfolio. Ativo Cap Management Limited Liability Com last reported 0.37% of its portfolio in the stock. The Ontario – Canada-based Comml Bank Of Montreal Can has invested 0% in MeetMe Inc (NASDAQ:MEET). Moreover, Manufacturers Life Ins The has 0% invested in MeetMe Inc (NASDAQ:MEET) for 29,973 shares. Tfs Cap Ltd Liability Com holds 154,153 shares or 0.15% of its portfolio. Moreover, Plante Moran Advsr Lc has 0.06% invested in MeetMe Inc (NASDAQ:MEET) for 16,625 shares. Airain Limited owns 153,513 shares or 0.05% of their US portfolio. Bank & Trust Of America De owns 9,279 shares or 0% of their US portfolio. Geode Capital Limited Liability Company holds 0% or 464,140 shares in its portfolio. Nationwide Fund Advisors has 91,257 shares for 0% of their US portfolio. Schwab Charles Invest Mngmt reported 64,400 shares or 0% of all its holdings. Ladenburg Thalmann Financial owns 23,740 shares or 0% of their US portfolio. Ellington Mngmt Grp Incorporated Limited holds 0.2% or 26,800 shares in its portfolio. Tower Cap Ltd Limited Liability Company (Trc) has 0.01% invested in the company for 22,183 shares.
Insider Transactions: Since May 16, 2016, the stock had 0 buys, and 11 insider sales for $7.43 million net activity. Alena William also sold $30,022 worth of MeetMe Inc (NASDAQ:MEET) shares. Harris Jonah H sold $17,784 worth of MeetMe Inc (NASDAQ:MEET) on Monday, May 23. On Tuesday, June 14 Abbott John sold $394,750 worth of the stock or 85,000 shares. Cook Geoffrey had sold 100,000 shares worth $412,653. 137,500 shares were sold by CRUZ ERNESTO, worth $659,538 on Tuesday, August 16. 265,401 shares with value of $1.89 million were sold by Beckley Frederic on Tuesday, August 2. Another trade for 70,182 shares valued at $516,083 was made by Rhodes Spencer Garrett on Wednesday, August 3.
More news for MeetMe Inc (NASDAQ:MEET) were recently published by: Fool.com, which released: “Why MeetMe Inc. Stock Jumped” on November 07, 2016. Businesswire.com‘s article titled: “MeetMe Becomes Member of The Family Online Safety Institute” and published on November 04, 2016 is yet another important article.
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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