Meet Group Inc (MEET)

[jones99]

Held through ER, from 5.48, this is just stupid, good quarter, good guidance, may decide to switch the "trade" to an investment

[running bull]

Patience is the key to making money been in meet me for a long time finally seeing some good green. JMO

[bigfred1]

Question:

Fidelity, ihub and yahoo report 80 cents EPS. Yet fidelity breaks it down by quarter: .07, .09, .10 , .19 which equals 45 cents. Where is the discrepancy?
By the way Fidelity reports the consensus estimate for q1, 2017 is 7 cents.

Congratulation for Meet me to ring the bell on May 3rd.
Do they pay money for that?

[Kivee008]

$Meet is looking great, picking up STEAM!!!

[fl89808]

PE LESS THAN 7! Ridiculous! Should be 4x that!
$20 stock in the near future.

[fl89808]

Canaccord Genuity set a "buy" rating and a $10 price target

https://www.thestreet.com/story/14051905/1/meetme-stock-climbing-on-canaccord-rating.html?puc=yahoo&cm_ven=YAHOO

[fl89808]

Target price $9.00 within one year. See NASDAQ.com.

[fl89808]

You can't beat the MEET with a PE of 6.6!

[Fibanotch]

dat ting!

[Fibanotch]

I think between 3.50 and 4.50 ...load the boat!

[Fibanotch]

interesting

[Dip-N-Rip]

Nice pre-market action!

[Moto260]

Great post. Thanks

[Jess070283]

Rallytime!

[rockman_1892]

Total Revenue for 2016 Increased 34% Year Over Year

Mobile Revenue for 2016 Increased 56% Year Over Year

GAAP Net Income for 2016 (excluding one-time deferred tax benefit) Increased 204% Year Over Year

Adjusted EBITDA for 2016 Increased 45% Year Over Year

Full Year Adjusted EBITDA Margin Increased to 39%

Fourth Quarter 2016 Financial Highlights

Total revenue was $29.2 million, up 47% year over year.

Mobile revenue was $27.8 million, up 62% year over year.

GAAP net income was $9.9 million, or $0.15 per diluted share, up 63% year over year.

Non-GAAP net income was $12.4 million, or $0.19 per diluted share, up 56% year over year.

Adjusted EBITDA was $12.8 million, or a 44% margin, up 42% year over year. (See the important discussion about the presentation of non-GAAP financial measures, and reconciliation to the most direct comparable GAAP financial measure, below.)

Cash and Cash Equivalents totaled $21.9 million at December 31, 2016.

[fl89808]

Insanely undervalued growth stock. Should be an easy double from here.

[Stefano SPQR]

Has anyone on here actually tried the app? I have and I can tell you from my experience that it's riddle with nothing but fake profiles. The interface isn't bad but there's nothing but fake profiles rendering the app useless. Beware!

[risingup58]

MeetMe Announces Closing of Skout Acquisition and Preliminary Revenue Results.

http://finance.yahoo.com/news/meetme-announces-closing-skout-acquisition-130000717.html

[risingup58]

MeetMe Announces Closing of Skout Acquisition and Preliminary Revenue Results.

http://www.businesswire.com/news

[Snackman]

MeetMe Named a Top Millennial App by comScore Mobile App Report
[Business Wire]
September 16, 2016

NEW HOPE, Pa.--(BUSINESS WIRE)--

MeetMe, Inc. (MEET), a public market leader for social discovery, has been named a top millennial app by comScore Inc.’s 2016 U.S. Mobile App Report. MeetMe ranked number six out of the top 20 apps with the highest concentration of users falling between the ages of 18-34. The ranking was based on apps with greater than 1.5 million monthly active users within that age group.

“We are excited to again be ranked as one of the top mobile apps for millennials,” said Bill Alena, Chief Revenue Officer of MeetMe. “We believe this high ranking reflects our ability to help our advertisers reach this highly coveted demographic.”

About MeetMe, Inc.

MeetMe® is a leading social network for meeting new people in the US and a public market leader for social discovery (MEET). MeetMe makes it easy to discover new people to chat with on mobile devices. With approximately 90 percent of traffic coming from mobile and more than one million total daily active users, MeetMe is fast becoming the social gathering place for the mobile generation. MeetMe is a leader in mobile monetization with a diverse revenue model comprising advertising, native advertising, virtual currency, and subscription. MeetMe apps are available on iPhone, iPad, and Android in multiple languages, including English, Spanish, Portuguese, French, Italian, German, Chinese (Traditional and Simplified), Russian, Japanese, Dutch, Turkish and Korean. For more information, please visit meetmecorp.com.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including whether our comScore ranking reflects our ability to help our advertisers reach millennial users between the ages of 18-34. All statements other than statements of historical facts contained herein are forward-looking statements. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “project,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include the risk that our applications will not function easily or otherwise as anticipated, the risk that we will not launch additional features and upgrades as anticipated, the risk that unanticipated events affect the functionality of our applications with popular mobile operating systems, any changes in such operating systems that degrade our mobile applications’ functionality and other unexpected issues which could adversely affect usage on mobile devices. Further information on our risk factors is contained in our filings with the Securities and Exchange Commission (“SEC”), including the Form 10-K for the year ended December 31, 2015 and the Form 10-Q for the quarter ended June 30, 2016. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

[bud_fox]

$MEET getting ready to run again. Charts reset and ready to roll. Will be over $6 heading to new highs very shortly. BOOM!

[Snackman]

NEW HOPE, Pa.--(BUSINESS WIRE)--

MeetMe, Inc. (MEET), a public market leader for social discovery, announced today that the California Department of Business Oversight has determined that the terms and conditions of the offer and sale of MeetMe common stock in its proposed merger with Skout, Inc. are fair, and that the Department has issued a permit authorizing MeetMe to issue shares of common stock in the merger. The determination was made at the conclusion of a fairness hearing conducted under Section 25121 of the California Corporations Code.

The issuance of the permit will allow for the shares of MeetMe common stock to be issued in reliance upon an exemption from registration afforded by Section 3(a)(10) of the Securities Act of 1933, as amended, such that MeetMe will not need to register such shares under the Securities Act.

The proposed merger remains subject to the approval of Skout’s shareholders and the satisfaction of certain other customary closing conditions. MeetMe expects the acquisition to close in early October 2016.

MeetMe also announced today that it has repurchased approximately $2 million worth of its common stock in the open market since announcing its $15 million share repurchase program on September 6, 2016.

About MeetMe, Inc.

MeetMe® is a leading social network for meeting new people in the US and a public market leader for social discovery (MEET). MeetMe makes it easy to discover new people to chat with on mobile devices. With approximately 90 percent of traffic coming from mobile and more than one million total daily active users, MeetMe is fast becoming the social gathering place for the mobile generation. MeetMe is a leader in mobile monetization with a diverse revenue model comprising advertising, native advertising, virtual currency, and subscription. MeetMe apps are available on iPhone, iPad, and Android in multiple languages, including English, Spanish, Portuguese, French, Italian, German, Chinese (Traditional and Simplified), Russian, Japanese, Dutch, Turkish and Korean. For more information, please visit meetmecorp.com.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding whether we will close the acquisition of Skout, Inc. as anticipated. All statements other than statements of historical facts contained herein are forward-looking statements. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “project,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include the risk that our applications will not function easily or otherwise as anticipated, the risk that we will not launch additional features and upgrades as anticipated, the risk that unanticipated events affect the functionality of our applications with popular mobile operating systems, any changes in such operating systems that degrade our mobile applications’ functionality and other unexpected issues which could adversely affect usage on mobile devices. Further information on our risk factors is contained in our filings with the Securities and Exchange Commission, including the Form 10-K for the year ended December 31, 2015 and the Form 10-Q for the quarter ended June 30, 2016. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160915005386/en/

[Snackman]

That's funny because I bought some today also, albeit a little bit higher.

[r clarke]

I actually got out of my short position when it moved down, and have picked up some shares today at $5.655

... just felt in the short term it would move back up quickly.

Have to do some DD to keep for more than couple weeks, but the
price support above $6 seemed pretty strong.

Bizarre market.

[Snackman]

MeetMe Announces $15 Million Share Repurchase Program
[Business Wire]
September 6, 2016

NEW HOPE, Pa.--(BUSINESS WIRE)--

MeetMe, Inc. (MEET), a public market leader for social discovery, announced today that its board of directors has approved a one year share repurchase program that enables the company to purchase up to $15 million of its shares of common stock from time to time in the open market or through negotiated transactions. Share purchases will be funded from cash from operations.

“With significant free cash flow being generated through our successful business model, we believe our stock is undervalued and the repurchase of our shares is an efficient use of our excess capital and will enhance shareholder value,” said Geoff Cook, Chief Executive Officer of MeetMe. “We believe the share repurchase program is supported by our growing scale and increased profitability. The strength of our balance sheet gives us the confidence and flexibility to execute this program and the Skout, Inc. acquisition for the benefit of our shareholders.”

Repurchases under MeetMe’s program will be made in the open market or through privately negotiated transactions intended to comply with the Securities and Exchange Commission Rule 10b-18, subject to market conditions, applicable legal requirements, and other relevant factors. The share repurchase program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended at any time at the Company’s discretion. MeetMe had approximately 54.4 million shares of common stock outstanding as of August 31, 2016.

About MeetMe, Inc.

MeetMe® is a leading social network for meeting new people in the US and a public market leader for social discovery (MEET). MeetMe makes it easy to discover new people to chat with on mobile devices. With approximately 90 percent of traffic coming from mobile and more than one million total daily active users, MeetMe is fast becoming the social gathering place for the mobile generation. MeetMe is a leader in mobile monetization with a diverse revenue model comprising advertising, native advertising, virtual currency, and subscription. MeetMe apps are available on iPhone, iPad, and Android in multiple languages, including English, Spanish, Portuguese, French, Italian, German, Chinese (Traditional and Simplified), Russian, Japanese, Dutch, Turkish and Korean. For more information, please visit meetmecorp.com.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the anticipated amount and timing of share repurchases, whether any such repurchases will occur, whether shares will be repurchased in the open market or through negotiated transactions, whether we will continue to generate significant free cash flow, whether our business model will continue to be successful, whether the repurchase of shares will be an efficient use of capital and enhance shareholder value, whether the share repurchase program will continue to be supported by our growing scale and increased profitability, whether the strength of our balance sheet will give us flexibility to execute the share repurchase program and the Skout, Inc. acquisition, and whether repurchases will comply with Securities and Exchange Commission Rule 10b-18. All statements other than statements of historical facts contained herein are forward-looking statements. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “project,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include the risk that our applications will not function easily or otherwise as anticipated, the risk that we will not launch additional features and upgrades as anticipated, the risk that unanticipated events affect the functionality of our applications with popular mobile operating systems, any changes in such operating systems that degrade our mobile applications’ functionality and other unexpected issues which could adversely affect usage on mobile devices. Further information on our risk factors is contained in our filings with the Securities and Exchange Commission (“SEC”), including the Form 10-K for the year ended December 31, 2015 and the Form 10-Q for the quarter ended June 30, 2016. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

http://finance.yahoo.com/news/meetme-announces-15-million-share-130000293.html

[Snackman]

Thanks for the two posts.

[r clarke]

Meetme competition traffic increases at Meetme expense:

Tinder, PlentyofFish, Elitesingles, Match, Zoosk, Ourtime, JDate, BeNaughty, SinglePeopleMeet, ChristianCafe, Dating.com, Professionalmatch, 1and1.com, OKCupid, DateHookup, Badoo, Ashley Madison,
Adam4Adam, Chemistry, Speeddate, AdultFriendFinder, Moonit, Gaydar

[r clarke]

" As we scanned through MEET financial statements and realized that ~86% of the company's revenues are derived from advertising, we fell out of our chairs. When we further realized that dozens of credible family-friendly brands are advertising on MeetMe's website, we were outright appalled.

We found ads on MeetMe properties that included Target (NYSE:TGT), AT&T (NYSE:T), P&G (NYSE:PG), Kimberly-Clark (NYSE:KMB), General Motors (NYSE:GM) and Coca-Cola (NYSE:KO). We reached out to some of the aforementioned advertisers (through their Media contacts) for comment on their relationship with MeetMe. As of publication, only Coca-Cola responded with "Thank you for bringing this to our attention. We are looking into the matter".

These six are only a sampling of the companies we found advertising on MeetMe. There are at least a dozen other household names that we will not mention by name in this report purely because we chose to only name companies whose ads are actually shown in this report.

Later in this report, we included a page of "brand partners" that MeetMe itself lists in an IR presentation from 2014. In other words, there appear to be many other Tier 1 advertisers that are placing ads on MeetMe's app and desktop pages. We did NOT cherry pick these ads - we note that articles published by a bullish Seeking Alpha contributor in February 2016, June 2016, and July 2016 include screenshots of MeetMe's app that include well-recognizable brands (including GM).

To present a balanced case, we think it is important to discuss general issues surrounding social media content upfront. There are obviously unsavory things that are posted all the time on social media given that social media leaves users in control. For example, last year Twitter found itself embroiled in a scandal involving ads on pornography postings. The article included the following quote:

The CEO of one mobile advertising network found it shocking that Twitter still faces this kind of problem. "Our brands freak out at any hint their ads show up in situations like this," the CEO said.

In the same story, a SunTrust analyst is quoted saying the following:

Robert Peck, a SunTrust Robinson Humphrey analyst, wrote a report warning that Twitter ads were appearing near pornography and that brands would pull back on spending if the problem became more widely known. Peck estimated there could be as many as 10 million Twitter accounts dedicated to sharing pornography and that Twitter needs to do a better job of blocking them.

MeetMe partners have also taken issue with MeetMe in the past. For example, from MeetMe's FY15 10-K, we found the following statement relating to AAPL:

On more than one occasion, for example, Apple has rejected our applications because of user generated content and other concerns. In response we devoted additional resources to image review, and changed some of our content allowance policies.

Later on in this article, we provide actual examples of content on MeetMe's network that was a) readily accessible, b) objectionable in nature, and c) includes advertisers that are of the same caliber as those that reacted negatively to Twitter's 2015 scandal.

In our view, there is something else that separates MeetMe from Facebook or Twitter. MeetMe was described by government lawyers as a "tool of choice for sexual predators". Its app was featured in a Wisconsin Department of Justice podcast about protecting kids from sexual predators online.

It was also recently linked to a child sex trafficking arrest from November 2015.

Source: Department of Justice Website

Finally, to help provide context to this entire article, Common Sense Media, a non-profit devoted to helping parents make smart decisions about their children's media viewing, rates Facebook at 4-stars, Twitter at 4-stars, and MeetMe's mobile-app at 1-star (NB: the desktop version, which is now ~10% of the business, is rated at 2-stars).

In this report, we aim to clearly define the reputational risk associated with displaying ads on MeetMe and show that there is obvious precedent for websites such as MeetMe to get "blacklisted" by advertisers. We also show that given the "dark pool" nature of programmatic ad buying, most advertisers are likely not even aware that their ads are being displayed on MeetMe. Finally, we show how MoPub, a company owned by Twitter, appears to have been instrumental in helping MeetMe grow its advertising revenues over the past few years. This is despite us finding plenty of content on MeetMe that we believe violates MoPub's terms of service rules."

[Snackman]

Do you have a link to that "potential" loss of advertising from Coca Cola?

[r clarke]

Yes, there is no question that MEET has had a nice runup, or that its a darling of the hedge funds. The problem with that is that as it reaches higher valuations, any bad news, weakness or concern has a disproportionate downward effect on the pps.

Concerns such as:

having over 50% of its revenues concentrated in 3 customers

traffic decreases

increasing competition

potential loss of advertisers such as Coca Cola.

[Snackman]

Social Media Stocks Hedge Funds Like
Published on September 3, 2016 at 3:32 pm by Gene Guzun in Hedge

Indeed, the world of media has been changing at an extremely high pace in recent years and decades. For instance, spending on media continues to transition from traditional to digital products and services. In fact, analysts and economists anticipate digital spending to account for more than 50% of overall media spend by 2019.

A Message from Capella University
The Future of IT Is Here

Stay ahead of the curve and hear what industry experts have to say about the top IT jobs of the future.

The rapid digital shift, fueled by the growing number of connected consumers and the expansion of mobile telephony, will continue to have a structural effect on almost all media sub-sectors. Hence, media companies need to answer the following question in order to successfully navigate today’s fast-changing landscape: How can we advance through all the noise and attract or retain consumer attention? Given today’s high uncertainty within the media space, investors might find it extremely troublesome to select the appropriate social media stocks for their portfolios. For that reason, Insider Monkey decided to compile a list of social media stocks favored by the hedge funds followed by our team. So let’s have a look at the five most popular social media stocks among the extensive pool of hedge funds tracked by Insider Monkey.

Through extensive research, we determined that imitating some of the picks of hedge funds and other institutional investors can help generate market-beating returns over the long run. The key is to focus on the small-cap picks of these investors, since they are usually less followed by the broader market and are less price-efficient. Our backtests that covered the period between 1999 and 2012, showed that following the 15 most popular small-caps among hedge funds can help a retail investor beat the market by an average of 95 basis points per month (see more details here).

#5. MeetMe Inc. (NASDAQ:MEET)

– Number of Hedge Fund Shareholders (as of June 30): 14

– Total Value of Hedge Funds’ Holdings (as of June 30): $27.73 Million

MeetMe Inc. (NASDAQ:MEET) was a hedge fund “darling” in the second quarter, as the number of funds from our system with long positions in the company spiked to 14 from eight quarter-over-quarter. Similarly, the overall value of those positions rose by an impressive 80% quarter-on-quarter to $27.73 million, primarily due to an almost 88% increase in the value of MeetMe shares. The shares of the location-based social network for meeting new people are up 64% thus far in 2016 despite experiencing a major pullback in mid-August. Just recently, analysts at JMP Securities reiterated their ‘Market Outperform’ rating on the dating site company and the price target of $9, saying that “the recent sell-off in MEET shares is unjustified and we recommend taking advantage of shares at these levels.” Several reports recently criticized the company’s ad model and the activity of MeetMe users, putting strong downward pressure on MeetMe shares. Jim Simons’ Renaissance Technologies LLC upped its position in MeetMe Inc. (NASDAQ:MEET) by 68% during the June quarter to around 762,000 shares.

http://www.insidermonkey.com/blog/social-media-stocks-hedge-funds-like-472198/

[BottomBounce]

$MEET and $FDBL dating site apps should merge?

[r clarke]

Nice overview of concerns with this company.

[r clarke]

Did Coca-Cola pulls its ads from Meetme?

I had heard they were considering it?

[1234zxcv]

MEET traffic down 25% since Jan 2016 ? what you talking about, you use same scan/m metric that company uses....meetme from alexa 6k down to alexa 8k and that's the most credible data in industry and if traffic changes will show the day after...
http://www.alexa.com/siteinfo/meetme.com
I shorted at 8/7/6 and since shorting in each uptick.
Shorted today at 5.62

[1234zxcv]

MEET traffic down 25% since Jan 2016 ? what you talking about, you use same scan metric that company use....meetme from alexa 6k doen to alexa 8k and that's the most credible data in industry and if traffic changes will show the day after...
http://www.alexa.com/siteinfo/meetme.com

[bhsl]

Where is the growth. Look at what I came up with. This is not a $5 stock, let alone a $9 stock. Please do your own due diligence. In social media apps, new users are king and sadly, MeetMe doesn't have many, and has not been able to significantly grow them the past 36 months.

[PaperLion]

Go back and read the negative posts and links after it hit $8.00.

[Dip-N-Rip]

Anybody on this board know what made this drop from over 8$ a few weeks ago? Thinking of putting some money in here. TIA!

[bhsl]

I would rather invest in Match!

Look at the comparisons. It's crazy this stock was pumped so hard.

2004 - Present




LAST 3 MONTHS




LAST BUT NOT LEAST

[bhsl]

This company is the worst compared to Ok Cupid, POF, Match, Tinder, Bumble, Happn, etc. have you even taken a look in the app. Please do and compare their members against members from companies I listed above. There's a reason no one wants to buy this company that has been around since the early 2000's.

[Snackman]

Here is a list of three best Internet stocks for momentum investors right now:

MeetMe, Inc. owns and operates a social network. It enables users to meet new people through social games and apps, monetized by both advertising and virtual currency. The current-year earnings per share (EPS) estimate has been revised upward to 34 cents from 31 cents over the past 30 days. The EPS growth estimate is a whopping 300% for the current year, compared with the industry average of 21.8%. The company gained a hefty 216.5% in the last one year and has a Zacks Rank # 2 (Buy) coupled with a Momentum Style Score of A.

http://finance.yahoo.com/news/3-internet-stocks-momentum-investors-201108904.html

[Odis]

The real info on MEET !

this is nothing but a short attack on the company by a seekingalfa bloger..
by posting this story

http://seekingalpha.com/article/3999917-meetme-1_50-target-price-advertisers-disavow-den-sexual-predators

that was made up by a suit that was filed back in 2014 and settled in 2015

http://www.prnewswire.com/news-releases/meetmecom-enables-sexual-predators-and-child-stalkers-san-franciscos-city-attorneys-lawsuit-contends-243362311.html

http://www.sfcityattorney.org/2015/08/19/herrera-meetme-settle-litigation-with-industry-leading-protections-for-minors/

DONT BE SCAMED !!

[bhsl]

.



This pump and dump stock is in the dump stage. That's why insiders sold almost all their shares.

[Sibware]

MEET: Nice bounce

[TheFinalCD]

whatta run $3-$8= wow

[biotechnician]

Shorts throw so much BS and the SEC lets the hedge fund high frequency traders get away with it and keep the uptick rule from coming back to help mom and pop investor. Rigged.

[Sibware]

MEET: Still running A/H

[sl4ter]

Scathing report on meetme financials today:

http://seekingalpha.com/article/3999917-meetme-1_50-target-price-advertisers-disavow-den-sexual-predators

yeesh.... im out!

[~MulaGreen~]

Ea$$$yyy In and Out from 4.74 to 4.87 ^$,Watch for next re-entry flippaaa.