MeetMe (NASDAQ:MEET) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1 by 2 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys.
MeetMe (NASDAQ:MEET) stock has received a short term price target of $ 6.13 from 2 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $0.18. The higher estimate of target price is $6 , while the lower price target estimate is $6
MeetMe (NASDAQ:MEET) witnessed a decline in the market cap on Tuesday as its shares dropped 3.3% or 0.16 points. After the session commenced at $4.93, the stock reached the higher end at $4.945 while it hit a low of $4.62. With the volume soaring to 1,743,283 shares, the last trade was called at $4.69. The company has a 52-week high of $4.99. The company has a market cap of $224 million and there are 47,725,577 shares in outstanding. The 52-week low of the share price is $1.32.
MeetMe, Inc. has dropped 1.26% in the last five trading days, however, the shares have posted positive gains of 44.75% in the last 4 weeks. MeetMe, Inc. is up 55.3% in the last 3-month period. Year-to-Date the stock performance stands at 31.01%.
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.