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A statement released earlier today by Canaccord Genuity about MeetMe Inc (NDAQ:MEET) bumps the target price to $10.00

Having a price of $5.39, MeetMe Inc (NDAQ:MEET) traded -1.14% lower on the day. With the last close up -0.57% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same period. MeetMe Inc has recorded a 50-day average of $4.97 and a two hundred day average of $5.22. Volume of trade was up over the average, with 2,061,637 shares of MEET changing hands over the typical 1,829,300

Stating a potential upside of 0.86%, Canaccord Genuity upped the price target of MeetMe Inc (NDAQ:MEET) to $10.00

Performance Chart

MeetMe Inc (NDAQ:MEET)

With a total market value of $0, MeetMe Inc has PE ratio of 6.49 with a one year low of $2.71 and a one year high of $8.11 .

General Company Details For MeetMe Inc (NDAQ:MEET)

MeetMe, Inc. is a social media technology company that owns and operates the MeetMe mobile applications and The Company is a location-based social network for meeting new people both on the Web and on mobile platforms, including on iPhone, Android, iPad and other tablets that facilitate interactions among users. The Company provides users with access to a menu of resources that promote social interaction, information sharing and other topics of interest. The Company offers online marketing capabilities, which enable marketers to display their advertisements in different formats and in different locations. The Company's social networking products include Profile, Chat and Friends. The Company's social discovery products include Feed, which is the Company's location-based stream communication feature, and Meet. The Company has approximately 4.97 million monthly active users (MAUs) and approximately 1.19 million daily active users (DAUs).

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