Internet Stock Watch: MeetMe Inc (NASDAQ:MEET)

[Business Wire] MeetMe Inc (NASDAQ:MEET) the public market leader for social discovery, has updated its iPad app. The new iPad app streamlines the mobile experience across devices and includes simpler navigation and real time chat. The updated app for iPad also has a similar appearance to MeetMe’s iPhone and Android apps.

“This update unifies the MeetMe experience across more mobile devices and makes future changes easier,” said Geoff Cook, CEO of MeetMe. “We look to continue improving our mobile experience across a range of devices to provide the best possible experience for our users. With this update, we are also laying the foundation for monetization of our iPad app in the coming weeks, when we plan to launch advertising and virtual currency on iPad. These expected revenues are included in our previously announced 2015 guidance of annual revenue growth to between $47 million to $53 million and annual adjusted EBITDA growth to between $7 to $10 million.” To view the full article click here.

MeetMe Inc (NASDAQ:MEET), On 11/6/2014, MEET reported 3 quarter 2014 breakeven earnings per share. This result was in-line with the consensus of the 4 analysts following the company and beat last year’s results by $0.04.

The next tentative earnings announcement is expected on 03/12/2015.

MeetMe Inc (NASDAQ:MEET)‘s PE ratio is among the lowest of any stock in the industry and signals that investors have not been willing to pay a premium for this company’s business prospects. Additionally, during the past year, earnings growth has outpaced its historical five year growth rate.

In terms of ratings, there are one analysts that cover the stock which have provided Q1 2015 earnings per share estimates. The consensus anticipated number for the upcoming quarter is $-0.04. The highest estimate is $-0.04 while the lowest is $-0.04. The company has a one year EPS growth rate of -57.58%.

MeetMe Inc (NASDAQ:MEET) is a social media technology company and a social network for meeting new people in the United States. The Company makes meeting new people fun through social games and apps, monetized by both advertising and virtual currency. With 70% of traffic coming from mobile, it is becoming the social gathering place for the mobile generation. The Company operates and MeetMe applications (apps) 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. The Company averages 5.34 million monthly active users and 1.14 million daily active users. The Company offers online marketing capabilities, which enable marketers to display their advertisements in different formats and in different locations.