Somewhat Favorable News Coverage Somewhat Unlikely to Affect MeetMe (MEET) Share Price

Media coverage about MeetMe (NASDAQ:MEET) has trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. MeetMe earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media coverage about the information services provider an impact score of 45.85542048637 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news headlines that may have effected Accern’s scoring:

MeetMe (NASDAQ:MEET) traded up $0.01 during trading on Friday, hitting $2.45. The company had a trading volume of 1,108,514 shares, compared to its average volume of 1,719,662. MeetMe has a 12 month low of $2.19 and a 12 month high of $6.45. The stock has a market capitalization of $175.93, a PE ratio of 6.81, a PEG ratio of 0.50 and a beta of 1.05.

MeetMe (NASDAQ:MEET) last announced its earnings results on Wednesday, November 8th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The business had revenue of $32.25 million for the quarter, compared to analysts’ expectations of $32.33 million. MeetMe had a return on equity of 10.85% and a net margin of 11.90%. The business’s revenue for the quarter was up 87.6% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share. equities analysts expect that MeetMe will post 0.25 EPS for the current year.

Several research firms recently commented on MEET. Zacks Investment Research raised MeetMe from a “sell” rating to a “hold” rating in a research report on Saturday. JMP Securities dropped their price objective 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. Canaccord Genuity cut MeetMe from a “buy” rating to a “hold” rating and set a $10.00 price objective on the stock. in a research report on Thursday, November 9th. BidaskClub cut MeetMe from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 15th. Finally, Roth Capital set a $8.00 price objective on MeetMe and gave the company a “buy” rating in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. MeetMe currently has an average rating of “Hold” and a consensus price target of $8.06.

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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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