Meet Group Inc (MEET)

[Stock Rockstar]

Great update on social app plays

MEET and HKUP Upgraded as More Users Flock to Mobile Based Networking
Last Updated: Aug. 04, 2014 - 10:00am EST

(NEW YORK)--Ludlow Research issues alerts on MeetMe, Inc. (NASD:MEET), and iHookup Social (OTC:HKUP), as rapidly growing leaders in the social networking and dating platforms for mobile users.

MeetMe, Inc. (NASD:MEET) reported their second quarter earnings, reporting revenue of $10.7 million, up 13% from the second quarter of 2013. But one of the main highlights was that their mobile revenue for the quarter was $5.6 million, up 114% from the second quarter of 2013.

This, along with Facebook now showing a majority of their ad revenues was growing from their mobile side of advertising, positions MEET for possible sharp appreciation over the coming months.

On the more speculative side, iHookup Social (OTC:HKUP), a mobile application positioned at the intersection of dating, social media and location-based connections, reported today that register mobile users have now exceeded 300,000 for the casual dating mobile app.

For the month of July, the Company showed growth over the previous month of June with a total of 80,283 new downloads of the popular iHookup Social app, which is well above the just 7000 reported downloads for the month of January 2014.

MEET is currently trading at a market cap of just around $90 million, with HKUP trading just around $3 million valuation. Based on recent valuation of Tinder, the popular social app, at around $500 million, both MEET and HKUP may have some substantial upside appreciation as users continue to flock to more mobile based social networking platforms.

http://www.wallstreetnewscast.com/news/2014/aug/meet_hkup1254.html