Brokerage Firm Rating Update on MeetMe (MEET)

MeetMe (MEET) has an average broker rating of 1, which is interpreted as a Strong Buy, as rated by 1 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.


For the current week, the company shares have a recommendation consensus of Buy. Also, Loop Capital initiates coverage on MeetMe (NASDAQ:MEET) . The global brokerage major announces a current price target of $9 per share. Analysts at the Loop Capital have a current rating of Buy on the shares. The rating by the firm was issued on August 25, 2016.

MeetMe (NASDAQ:MEET): stock was range-bound between the intraday low of $5.95 and the intraday high of $6.47 after having opened at $6.35 on Wednesdays session. The stock finally closed in the red at $6.35, a loss of -2.69%. The stock remained in the red for the whole trading day. The total traded volume was 4,587,582 shares. The stock failed to cross $6.47 in Wednesdays trading. The stocks closing price on Thursday was $6.31.

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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