Shares of MeetMe, Inc. (NASDAQ:MEET) have been assigned an average rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $8.25.

A number of equities research analysts recently issued reports on the company. Roth Capital set a $9.00 price target on MeetMe and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised MeetMe from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub downgraded MeetMe from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. ValuEngine downgraded MeetMe from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. Finally, JMP Securities reduced their price target on MeetMe from $8.00 to $6.00 and set a “mkt outperform” rating on the stock in a research report on Monday, August 7th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MEET. Teachers Advisors LLC lifted its stake in MeetMe by 10.3% during the fourth quarter. Teachers Advisors LLC now owns 71,445 shares of the information services provider’s stock worth $352,000 after purchasing an additional 6,676 shares during the last quarter. American Century Companies Inc. lifted its stake in MeetMe by 5.4% during the first quarter. American Century Companies Inc. now owns 385,582 shares of the information services provider’s stock worth $2,271,000 after purchasing an additional 19,709 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in MeetMe by 8.3% during the first quarter. Bank of New York Mellon Corp now owns 325,789 shares of the information services provider’s stock worth $1,919,000 after purchasing an additional 25,037 shares during the last quarter. Oxford Asset Management bought a new stake in MeetMe during the first quarter worth $1,854,000. Finally, Hancock Holding Co. lifted its stake in MeetMe by 19.6% during the first quarter. Hancock Holding Co. now owns 33,131 shares of the information services provider’s stock worth $195,000 after purchasing an additional 5,420 shares during the last quarter. Hedge funds and other institutional investors own 56.31% of the company’s stock.

MeetMe (NASDAQ:MEET) traded down 2.15% during trading on Friday, hitting $3.64. The company had a trading volume of 601,714 shares. The company has a market capitalization of $261.34 million, a price-to-earnings ratio of 15.23 and a beta of 0.80. The stock has a 50-day moving average of $3.86 and a 200 day moving average of $4.88. MeetMe has a one year low of $3.41 and a one year high of $6.45.

MeetMe (NASDAQ:MEET) last issued its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.02. The business had revenue of $31.33 million for the quarter, compared to the consensus estimate of $30.70 million. MeetMe had a return on equity of 11.47% and a net margin of 15.95%. The firm’s quarterly revenue was up 91.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.09 earnings per share. Equities analysts forecast that MeetMe will post $0.42 EPS for the current fiscal year.

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About MeetMe

The Meet Group, Inc, formerly MeetMe, Inc, offers a portfolio of mobile applications. The Company operates location-based social networks for meeting new people on mobile platforms, including on iPhone, Android, iPad and other tablets, and on the Web that facilitate interactions among users, and helps users to connect and chat with each other.

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