Stock Worth Mentioning: Could MeetMe Inc See a Reversal After This Very Strong Session?

Stock Worth Mentioning: Could MeetMe Inc See a Reversal After This Very Strong Session?

The stock of MeetMe Inc (NASDAQ:MEET) is a huge mover today! About 1.90M shares traded hands. MeetMe Inc (NASDAQ:MEET) has risen 67.99% since April 4, 2016 and is uptrending. It has outperformed by 66.90% the S&P500.
The move comes after 5 months positive chart setup for the $246.71M company. It was reported on Nov, 4 by We have $10.83 PT which if reached, will make NASDAQ:MEET worth $315.79 million more.

MeetMe Inc (NASDAQ:MEET) Ratings Coverage

Out of 6 analysts covering MeetMe Inc (NASDAQ:MEET), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. MeetMe Inc has been the topic of 8 analyst reports since October 28, 2015 according to StockzIntelligence Inc. Roth Capital initiated the shares of MEET in a report on Wednesday, October 28 with “Buy” rating. The rating was maintained by TH Capital on Wednesday, January 6 with “Buy”. The firm has “Buy” rating by TH Capital given on Wednesday, October 28. The stock of MeetMe Inc (NASDAQ:MEET) earned “Buy” rating by Topeka Capital Markets on Tuesday, January 26. Northland Capital maintained the stock with “Outperform” rating in Friday, December 11 report. The firm earned “Buy” rating on Friday, August 26 by Loop Capital.

According to Zacks Investment Research, “MeetMe, Inc. owns and operates a social network. It enables users to meet new people through social games and apps, monetized by both advertising and virtual currency. The company operates, and MeetMe apps on iPhone and Android. MeetMe, Inc., formerly known as Quepasa Corporation, is headquartered in New Hope, Pennsylvania.”

Insitutional Activity: The institutional sentiment decreased to 1.92 in Q2 2016. Its down 0.44, from 2.36 in 2016Q1. The ratio is negative, as 18 funds sold all MeetMe Inc shares owned while 19 reduced positions. 36 funds bought stakes while 35 increased positions. They now own 23.93 million shares or 39.62% more from 17.14 million shares in 2016Q1.
Royal Comml Bank Of Canada holds 5,035 shares or 0% of its portfolio. Ativo Capital Mgmt Ltd Com last reported 282,882 shares in the company. Bnp Paribas Arbitrage Sa accumulated 1,632 shares or 0% of the stock. Credit Suisse Ag reported 301,854 shares or 0% of all its holdings. Hillsdale Inv Management last reported 95,700 shares in the company. Blackrock Invest Mgmt Limited Com accumulated 0% or 160,995 shares. Northern Tru Corporation, a Illinois-based fund reported 439,024 shares. The Illinois-based Spot Trading Limited Liability Company has invested 0% in MeetMe Inc (NASDAQ:MEET). Blackrock Fund holds 0% of its portfolio in MeetMe Inc (NASDAQ:MEET) for 1.07M shares. Moreover, California Employees Retirement Systems has 0% invested in MeetMe Inc (NASDAQ:MEET) for 63,600 shares. Engineers Gate Manager Ltd Partnership accumulated 39,916 shares or 0.02% of the stock. Financial Bank Of America Corporation De reported 9,279 shares or 0% of all its holdings. Gotham Asset Mngmt Lc accumulated 0% or 21,681 shares. New York State Common Retirement Fund holds 0% or 293,135 shares in its portfolio. California State Teachers Retirement Systems, a California-based fund reported 86,551 shares.

Insider Transactions: Since May 9, 2016, the stock had 0 buys, and 16 selling transactions for $7.52 million net activity. Harris Jonah H sold 20,833 shares worth $71,130. Shares for $31,958 were sold by Beckley Frederic on Monday, May 16. Shares for $162,127 were sold by Cook Geoffrey on Monday, May 23. Abbott John also sold $394,750 worth of MeetMe Inc (NASDAQ:MEET) shares. Shares for $17,144 were sold by CLARK DAVID D. On Monday, May 9 the insider Alena William sold $11,723. $659,538 worth of MeetMe Inc (NASDAQ:MEET) was sold by CRUZ ERNESTO.

MEET Company Profile

MeetMe, Inc., incorporated on April 12, 2011, is a social media technology firm that owns and operates the MeetMe mobile applications and The Firm is a location 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. The Firm provides users with access to a menu of resources that promote social interaction, information sharing and other topics of interest. The Firm has approximately 4.97 million monthly active users (MAUs) and approximately 1.19 million daily active users (DAUs).

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