MeetMe, Inc. (MEET) was a big mover last session, as the company saw its shares rise almost 28% on the day. The upside came after the company raised the revenue and EBITDA guidance for the second quarter of 2015. This development led to more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $1.33 to $1.56 in the past one-month time frame.
The company has seen no estimate revision in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
MeetMe currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the same space is LendingClub Corporation (LC) with a Zacks Rank #2 (Buy).
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