Shares of MeetMe Inc. (NASDAQ:MEET) traded down 1.2% during mid-day trading on Friday . The company traded as low as $5.81 and last traded at $5.81, with a volume of 1,162,338 shares traded. The stock had previously closed at $5.88.

A number of analysts have recently issued reports on the company. Roth Capital reaffirmed a “buy” rating on shares of MeetMe in a research note on Saturday, March 19th. Northland Securities reaffirmed a “buy” rating on shares of MeetMe in a research note on Sunday, May 8th. Zacks Investment Research lowered MeetMe from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Finally, JMP Securities reaffirmed a “buy” rating on shares of MeetMe in a research note on Tuesday, June 28th. Six investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of $5.35.

The stock has a 50-day moving average price of $4.51 and a 200 day moving average price of $3.52. The firm has a market capitalization of $278.71 million and a price-to-earnings ratio of 38.93.

MeetMe (NASDAQ:MEET) last announced its earnings results on Thursday, May 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. The business had revenue of $13.30 million for the quarter, compared to analysts’ expectations of $12.80 million. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, analysts anticipate that MeetMe Inc. will post $0.31 earnings per share for the current year.

In related news, CRO Jonah H. Harris sold 20,833 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $3.41, for a total value of $71,040.53. Following the completion of the sale, the executive now directly owns 178,763 shares of the company’s stock, valued at $609,581.83. The sale was disclosed in a filing 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 dated Wednesday, April 13th. The shares were sold at an average price of $3.17, for a total value of $126,800.00. Following the completion of the sale, the chief executive officer now directly owns 1,512,093 shares of the company’s stock, valued at $4,793,334.81. The disclosure for this sale can be found here.

A number of hedge funds have recently made changes to their positions in MEET. Dimensional Fund Advisors LP raised its stake in shares of MeetMe by 932.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 595,314 shares of the company’s stock valued at $2,131,000 after buying an additional 537,645 shares in the last quarter. Oxford Asset Management purchased a new stake in shares of MeetMe during the fourth quarter valued at $3,347,000. Finally, EAM Investors LLC purchased a new stake in shares of MeetMe during the fourth quarter valued at $3,914,000.

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.

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