MeetMe Inc (MEET) : Wilshire Associates Inc has sold out all of its stake in MeetMe Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 28,449 shares of MeetMe Inc which is valued at $208,816.
Other Hedge Funds, Including , Two Sigma Investments Lp sold out all of its stake in MEET during the most recent quarter. The investment firm sold 12,481 shares of MEET which is valued $91,611.Renaissance Technologies boosted its stake in MEET in the latest quarter, The investment management firm added 306,192 additional shares and now holds a total of 761,759 shares of MeetMe Inc which is valued at $5,591,311. MeetMe Inc makes up approx 0.01% of Renaissance Technologies’s portfolio.Dimensional Fund Advisors Lp boosted its stake in MEET in the latest quarter, The investment management firm added 481,919 additional shares and now holds a total of 1,719,337 shares of MeetMe Inc which is valued at $12,671,514. MeetMe Inc makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio.Thompson Davis boosted its stake in MEET in the latest quarter, The investment management firm added 68,800 additional shares and now holds a total of 71,100 shares of MeetMe Inc which is valued at $524,007. MeetMe Inc makes up approx 0.80% of Thompson Davis’s portfolio. Gsa Capital Partners Llp added MEET to its portfolio by purchasing 16,200 company shares during the most recent quarter which is valued at $119,880. MeetMe Inc makes up approx 0.01% of Gsa Capital Partners Llp’s portfolio.
MeetMe Inc opened for trading at $5.73 and hit $5.9 on the upside on Thursday, eventually ending the session at $5.87, with a gain of 1.91% or 0.11 points. The heightened volatility saw the trading volume jump to 22,52,551 shares. Company has a market cap of $308 M.
On the company’s financial health, MeetMe Inc reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.06. The company had revenue of $16.39 million for the quarter, compared to analysts expectations of $15.27 million. The company’s revenue was up 47.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.
Many Wall Street Analysts have commented on MeetMe Inc. MeetMe Inc was Initiated by Loop Capital to “Buy” on Aug 26, 2016.
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.