MeetMe Inc. (NASDAQ:MEET) shares traded down 12.1% during mid-day trading on Monday . The company traded as low as $6.26 and last traded at $6.45, with a volume of 6,484,814 shares changing hands. The stock had previously closed at $7.34.

A number of research analysts have issued reports on the stock. Northland Securities reaffirmed a “buy” rating on shares of MeetMe in a report on Sunday, May 8th. Roth Capital increased their target price on shares of MeetMe from $4.25 to $5.25 and gave the company a “buy” rating in a report on Wednesday, June 1st. Zacks Investment Research cut shares of MeetMe from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Finally, JMP Securities reaffirmed a “buy” rating on shares of MeetMe in a report on Tuesday, June 28th. Six research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of $5.35.

The firm has a market capitalization of $322.77 million and a price-to-earnings ratio of 8.97. The firm has a 50-day moving average price of $6.45 and a 200 day moving average price of $4.16.

MeetMe (NASDAQ:MEET) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. During the same period in the prior year, the company earned $0.05 EPS. The business had revenue of $16.40 million for the quarter, compared to the consensus estimate of $15.27 million. MeetMe’s quarterly revenue was up 47.8% on a year-over-year basis. Equities analysts predict that MeetMe Inc. will post $0.37 earnings per share for the current year.

In other MeetMe news, CEO Geoffrey Cook sold 50,000 shares of the business’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $3.73, for a total transaction of $186,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,511,200 shares of the company’s stock, valued at approximately $5,636,776. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO William Alena sold 458,626 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $7.07, for a total transaction of $3,242,485.82. Following the transaction, the executive now directly owns 255,805 shares of the company’s stock, valued at $1,808,541.35. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in MeetMe stock. Dimensional Fund Advisors LP boosted its position in shares of MeetMe Inc. (NASDAQ:MEET) by 932.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 about 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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