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UPDATE: JMP Securities Initiates Coverage On MeetMe

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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

DateFirmActionFromTo
Jul 2018Canaccord GenuityUpgradesHoldBuy
Nov 2017JMP SecuritiesDowngradesMarket OutperformMarket Perform
Nov 2017Canaccord GenuityDowngradesBuyHold

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

 

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