MeetMe (MEET) Receives Daily Coverage Optimism Rating of 0.14

Headlines about MeetMe (NASDAQ:MEET) have been trending somewhat positive on Wednesday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MeetMe earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media stories about the information services provider an impact score of 45.2124378344542 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media stories that may have impacted Accern’s analysis:

Several brokerages recently issued reports on MEET. ValuEngine lowered shares of MeetMe from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. Roth Capital set a $8.00 target price on shares of MeetMe and gave the company a “buy” rating in a research report on Tuesday, August 22nd. JMP Securities cut their target price on shares of MeetMe from $8.00 to $6.00 and set a “mkt outperform” rating for the company in a research report on Monday, August 7th. BidaskClub lowered shares of MeetMe from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 15th. Finally, Zacks Investment Research upgraded shares of MeetMe from a “sell” rating to a “hold” rating in a research report on Wednesday, August 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $7.90.

Shares of MeetMe (NASDAQ MEET) opened at 4.01 on Wednesday. The company has a market capitalization of $287.91 million, a price-to-earnings ratio of 16.78 and a beta of 0.80. The company’s 50-day moving average is $4.07 and its 200 day moving average is $4.92. MeetMe has a 12 month low of $3.41 and a 12 month high of $6.45.

MeetMe (NASDAQ:MEET) last released its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. MeetMe had a net margin of 15.95% and a return on equity of 11.47%. The firm had revenue of $31.33 million for the quarter, compared to analysts’ expectations of $30.70 million. During the same quarter last year, the company earned $0.09 EPS. The firm’s revenue for the quarter was up 91.2% compared to the same quarter last year. On average, equities research analysts anticipate that MeetMe will post $0.43 earnings per share for the current year.

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MeetMe Company Profile

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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