MeetMe Receives 'Buy' Rating from Brokers

Emerging Technology

MeetMe, Inc. (NASDAQ:MEET) has received an average broker rating of 1, or “buy,” from analysts, according to Zacks Research.

MeetMe, Inc. (NASDAQ:MEET) has received an average broker rating of 1, or “buy,” from analysts, according to Zacks Research.
According to an article on Investor Newswire:

The brokerage firms have also provided short and long term price targets as well as earnings estimates for the MeetMe, Inc.. The analysts have projected $5.625 price target for the stock for the next 12-months. The loftiest expectations have set the price target as $6. On the other hand, the most bearish price estimates are pegged at $5.25.

As per the most recent information, MeetMe, Inc. is expected to publish its quarterly earnings for the period ended 2015-12-31 around 2016-02-26. Ahead of the earnings, the brokerage firms are eyeing earnings per share of $0.16 for the quarter. The estimates are provided by Zacks research, which may slightly differ from the estimates given by the Reuters’ First Call. It should be noted that a company’s EPS is the most significant number to look for during its earnings release. If the number widely differs from the consensus view, then the impact of such variation is immediately reflective in the company’s stock prices following the financial report. In the last quarter, MeetMe, Inc.’s reported earnings came $0.03 off the market consensus, leading to a surprise factor of 50%.

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