MeetMe Inc. (NASDAQ:MEET) shares reached a new 52-week high on Tuesday . The company traded as high as $5.64 and last traded at $5.55, with a volume of 1,287,994 shares changing hands. The stock had previously closed at $5.48.

A number of research analysts have weighed in on MEET shares. Northland Securities reissued a “buy” rating on shares of MeetMe in a report on Sunday, May 8th. Zacks Investment Research raised MeetMe from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a report on Friday, May 6th. Roth Capital reissued a “buy” rating on shares of MeetMe in a report on Saturday, March 19th. Finally, JMP Securities reissued a “buy” rating on shares of MeetMe in a report on Tuesday, June 28th. Six investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of $5.35.

The company has a market cap of $280.15 million and a PE ratio of 39.13. The company has a 50-day moving average of $4.36 and a 200-day moving average of $3.48.

MeetMe (NASDAQ:MEET) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.01. The company earned $13.30 million during the quarter, compared to the consensus estimate of $12.80 million. MeetMe’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, analysts expect that MeetMe Inc. will post $0.31 EPS for the current fiscal year.

In related news, Director John Abbott sold 75,000 shares of the business’s stock in a transaction on Monday, June 20th. The stock was sold at an average price of $4.85, for a total transaction of $363,750.00. Following the transaction, the director now directly owns 217,682 shares in the company, valued at approximately $1,055,757.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Geoffrey Cook sold 40,000 shares of the business’s stock in a transaction on Wednesday, April 13th. The stock was sold at an average price of $3.17, for a total value of $126,800.00. Following the transaction, the chief executive officer now owns 1,512,093 shares in the company, valued at $4,793,334.81. The disclosure for this sale can be found here.

A hedge fund recently bought a new stake in MeetMe stock. EAM Investors LLC bought a new stake in MeetMe Inc. (NASDAQ:MEET) during the fourth quarter, Holdings Channel reports. The institutional investor bought 1,093,308 shares of the company’s stock, valued at approximately $3,914,000. EAM Investors LLC owned 2.40% of MeetMe as of its most recent SEC filing.

MeetMe, Inc is a social media technology company that owns and operates the MeetMe mobile applications and meetme.com. The Company 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.