MeetMe, Inc. (NASDAQ:MEET) reported its last quarter results on 11/07/2016. This Company belongs to Computer and Technology sector.
In the last trading session, The Company traded 2.42 Million shares. The Stock Market opened sessions at 4.88 and closed at 5. There was a stock increase by 2.25 percent.
According to Yahoo Finance, the price target for the company which analysts are aiming is 9.25. The 1-year price target of the company is 9.06.
Investors expected a price target of 0.11 for this quarter. Zacks Investment Research gave MeetMe, Inc. (NASDAQ:MEET) a rating of 1 on a scale of 1 to 5. Here, 1 indicates a Strong Buy and 5 indicates a Strong Sell.
Considering the performance, MeetMe, Inc. (NASDAQ:MEET)’s shares have the potential to reach a high EPS of 0.19 per share, and a low EPS of 0.13 per share in the current quarter. All of these Earnings estimates are a consensus recommendation of 3 Analysts. According to them, the median (average) EPS the company could deliver is 0.16/share. While the actual EPS the company reported in the same quarter previous year was 0.12/share.
For the quarter ending 08/01/2016, The Analyst projected that the company could deliver EPS of 0.05 while the company provided its Actual EPS of 0.09 showing a difference of 0.04 Percent between the Estimated and Actual EPS. Hence, the surprise factor was 80 percent.
Analysts estimated $0.1/share for the previous Quarter, where MeetMe, Inc. (NASDAQ:MEET) reported Actual EPS of $0.1/share with the difference of 0 percent and a surprise of 0 percent.
The 4 analysts offering 12-month price forecasts for MeetMeInc have a median target of 9.00, with a high estimate of 9.25 and a low estimate of 9.00. The median estimate represents a +80.00% increase from the last price of 5.00.
For the current quarter, the highest estimate analysts provided is 29.1 Million and the lowest is 28.2 Million. These 4 Analysts are also projecting the mean revenue estimate of 28.6 Million. The year ago sales the company reported in the same quarter is 19.88 Million.
While Looking at Sales Growth (Year/est), the company is currently showing a percentage value of 258.3 percent.
MeetMe, Inc. (NASDAQ:MEET) topped its 52-week high price target of 8.11 on Aug 11, 2016. The company reached a 52-week low at 2.57 on Feb 11, 2016.
The company’s stock currently has 297.05 Million in market capitalization. The volatility rate is 6.58% percent and 4.58% percent each. Price per earning (ttm) stands at 6.28.
This year, the company showed a solid 258.3 percent of growth. The next year’s growth is calculated to be 14 percent. The company projects a long term annual growth estimate of 20 percent.
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 MeetMe.com, Quepasa.com and MeetMe apps on iPhone and Android. MeetMe, Inc., formerly known as Quepasa Corporation, is headquartered in New Hope, Pennsylvania.