MeetMe Inc. (NASDAQ:MEET)’s share price was down 3% on Wednesday . The company traded as low as $6.43 and last traded at $6.49, with a volume of 1,550,570 shares. The stock had previously closed at $6.69.

A number of equities analysts recently weighed in on MEET shares. Northland Securities reaffirmed a “buy” rating on shares of MeetMe in a research note on Sunday, May 8th. JMP Securities reissued a “buy” rating on shares of MeetMe in a research report on Tuesday, June 28th. Zacks Investment Research cut shares of MeetMe from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. Finally, Roth Capital reissued a “buy” rating on shares of MeetMe in a research report on Wednesday, June 15th. Six research analysts have rated the stock with a buy rating, MeetMe currently has a consensus rating of “Buy” and an average price target of $5.35.

The company has a 50 day moving average of $5.07 and a 200 day moving average of $3.67. The firm has a market cap of $302.10 million and a PE ratio of 42.20.

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

In other news, CEO Geoffrey Cook sold 100,000 shares of the company’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $4.13, for a total value of $413,000.00. Following the completion of the sale, the chief executive officer now owns 1,386,719 shares of the company’s stock, valued at approximately $5,727,149.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Abbott sold 75,000 shares of the company’s stock in a transaction on Monday, June 20th. The shares were sold at an average price of $4.85, for a total transaction of $363,750.00. Following the completion of the sale, the director now directly owns 217,682 shares of the company’s stock, valued at approximately $1,055,757.70. The disclosure for this sale can be found here.

An institutional investor recently raised its position in MeetMe stock. Dimensional Fund Advisors LP raised its position in shares of MeetMe Inc. (NASDAQ:MEET) by 932.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 595,314 shares of the company’s stock after buying an additional 537,645 shares during the period. Dimensional Fund Advisors LP owned approximately 1.30% of MeetMe worth $2,131,000 as of its most recent filing with the SEC.

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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