MeetMe, Inc. MEET was a big mover last session, as the company saw its shares rise 6% on the day. Shares moved up after the company announced that it has set a new mobile monthly active user record. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $2.41 to $2.92 over the past one-month time frame.
This Internet services firm witnessed two positive estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for MeetMe. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
MeetMe sports a Zacks Rank #1 (Strong Buy), while its Earnings ESP is 0.00%.
Investors interested in the space may also consider Synacor, Inc. SYNC, also carrying a Zacks Rank #1.
Is MEET going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment