Analyst Price Target Update on MeetMe (NASDAQ:MEET)

MeetMe (NASDAQ:MEET) should head towards $6.13 per share according to 2 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $6 per share. The higher price estimate target is at $6 according to the Analysts.

For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chief Executive Officer) of Meetme, Inc., Cook Geoffrey had sold 100,000 shares worth of $420,000 in a transaction dated June 6, 2016. In this transaction, 100,000 shares were sold at $4.2 per share.

MeetMe (NASDAQ:MEET) : On Monday heightened volatility was witnessed in MeetMe (NASDAQ:MEET) which led to swings in the share price. The stock opened for trading at $4.32 and hit $4.47 on the upside , eventually ending the session at $4.33, with a gain of 0.23% or 0.01 points. The heightened volatility saw the trading volume jump to 927,389 shares. The 52-week high of the share price is $4.54 and the company has a market cap of $207 million. The 52-week low of the share price is at $1.32 .

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 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.

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