MeetMe (MEET) Earning Somewhat Positive Media Coverage, Study Finds

News coverage about MeetMe (NASDAQ:MEET) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. MeetMe earned a news impact score of 0.22 on Accern’s scale. Accern also assigned media coverage about the information services provider an impact score of 45.4502715160523 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

MeetMe (NASDAQ:MEET) last posted its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The company had revenue of $31.33 million during the quarter, compared to analyst estimates of $30.70 million. MeetMe had a net margin of 15.95% and a return on equity of 11.47%. The firm’s revenue for the quarter was up 91.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 earnings per share.

A number of analysts have commented on MEET shares. Zacks Investment Research upgraded shares of MeetMe from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. Roth Capital set a $8.00 price target on shares of MeetMe and gave the company a “buy” rating in a research note on Tuesday, August 22nd. BidaskClub cut shares of MeetMe from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 15th. JMP Securities cut their price target on shares of MeetMe from $8.00 to $6.00 and set a “mkt outperform” rating for the company in a research note on Monday, August 7th. Finally, ValuEngine cut shares of MeetMe from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $8.25.

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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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