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

Several equities analysts have recently issued reports on the stock. Northland Securities reissued a “buy” rating on shares of MeetMe in a report on Sunday, May 8th. Roth Capital boosted their price target 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 downgraded 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 equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $5.35.

The firm has a 50 day moving average of $6.46 and a 200-day moving average of $4.17. The company has a market capitalization of $263.46 million and a price-to-earnings ratio of 7.32.

MeetMe (NASDAQ:MEET) last released its quarterly earnings data on Monday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.04. The company had revenue of $16.40 million for the quarter, compared to analyst estimates of $15.27 million. The business’s revenue was up 47.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 earnings per share. On average, analysts forecast that MeetMe Inc. will post $0.37 EPS for the current fiscal year.

In other news, CEO Geoffrey Cook sold 50,000 shares of the stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $3.24, for a total transaction of $162,000.00. Following the sale, the chief executive officer now owns 1,561,200 shares in the company, valued at $5,058,288. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Frederic Beckley sold 265,401 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $7.13, for a total value of $1,892,309.13. Following the sale, the general counsel now owns 192,580 shares in the company, valued at approximately $1,373,095.40. The disclosure for this sale can be found here.

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

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