Market Overview

UPDATE: JMP Securities Initiates Coverage On MeetMe

Related MEET
MeetMe's Preliminary Revenue Announcement Didn't Sit Well With The Street
Watch These 5 Huge Put Purchases In Thursday Trade

In a report released Thursday, JMP Securities analyst Ronald Josey initiated coverage on MeetMe (NASDAQ: MEET) with an Outperform rating and a $3 price target.

Analysts at JMP Securities favor MeetMe for its new product releases that focus on increasing engagement. MeetMe reported record mobile usage of over one million active daily users in late July. JMP forecasts continuous expansion in MeetMe margins and positive EBITDA with increase growth in mobile revenue.

JMP Securities' $3.00 price target for MeetMe is based on a 2015 estimate enterprise value multiple of nearly 16x.

Latest Ratings for MEET

Aug 2016Loop CapitalInitiates Coverage onBuy
Jan 2016TopekaInitiates Coverage onBuy
Dec 2015Northland SecuritiesMaintainsOutperform

View More Analyst Ratings for MEET
View the Latest Analyst Ratings

Posted-In: JMP Securities Ronald JoseyPrice Target Initiation Analyst Ratings


Related Articles (MEET)

View Comments and Join the Discussion!