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MEET $6.29

MEET target price
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MeetMe, Inc.
MeetMe logo
Type of business Public
Type of site
Social network service
Available in English, Portuguese, Spanish, French, Italian, German, Chinese, Russian, Japanese, Korean, Dutch, Turkish, Malay, Indonesian.
Traded as NASDAQ: MEET
Founded April 2005; 12 years ago (2005-04) (as MyYearbook)
Headquarters New Hope, Pennsylvania, U.S.
Founder(s) David Cook
Catherine Cook
Slogan(s) where new friends meet
Website meetme.com
Advertising Banner ads, custom ads
Registration Required
Current status Active
Written in PHP

MeetMe (formerly myYearbook) is a social networking service founded in 2005. In 2011, myYearbook merged with Quepasa Corporation (QPSA: NYSE Amex). In June 2012, the combined company was renamed MeetMe, Inc. In April 2014, MeetMe's shares started trading on the NASDAQ Capital Market under the ticker symbol "MEET."

MeetMe focuses on helping users discover new people to chat with on mobile devices. Approximately 90 percent of MeetMe's traffic comes from mobile.

MeetMe is headquartered in New Hope, Pennsylvania. The MeetMe service is available on the web and as an app on iPhone, iPad, Android, and Windows.

Two high school students, Dave and Catherine Cook, created myYearbook during their Spring Break of 2005. They persuaded their older brother Geoff, who had founded EssayEdge.com and ResumeEdge.com from his Harvard dorm room, to invest in their project. At the launch of the site, Dave was a junior and Catherine was a sophomore; the project was initially activated at Montgomery High School, in suburban New Jersey where they attended. The site was created entirely by developers in India.

In 2008, myYearbook partnered with casual game developer Arkadium to bring Flash based games to the site. The games incorporated Lunch Money, the myYearbook virtual currency. Lunch Money earned playing games was usable elsewhere on the site.

In April 2009, the site added the Meebo instant messaging client to the site in order to provide real time chat. In November 2009, myYearbook launched Chatter, a real-time stream that incorporated media sharing and gaming to help bring members together. Games playable inside the stream included Ask Me, Rate Me and 2 Truths and a Lie. These games incorporated mechanics to help myYearbook members meet each other. By April 2010 the site reported the Chatter feature surpassed one million posts per day.

In January 2010, myYearbook rolled out a new site design aimed to appeal to an older demographic. myYearbook chose the final site design by crowdsourcing its members. In May 2010, myYearbook launched an iPhone/iPod Touch and Android application designed to bring the Chatter real time feed to mobile devices.

In July 2011, myYearbook announced it had agreed to be acquired by Latino social networking site Quepasa. The purchase was finalized on November 11, 2011. In December 2011, myYearbook launched an iPad app in an attempt to reach the tablet market.

In June 2012, the company formed from the combination of myYearbook and Quepasa was renamed MeetMe. This change is because "Yearbook" means more about meeting friends from the past while "MeetMe" would convey the meaning of users making new friends, which is what the website is intended for. The rebranding of the site proved to be successful.

In June 2016, MeetMe announced that it would acquire Skout, a global mobile app for meeting new people. The Skout deal closed in October 2016.

On Mar 6, 2017, MeetMe announced that it would acquire If(we) for $60 million in cash.

In September 2017, Meet Group acquired german dating app Lovoo

myYearbook derives its revenue from three sources: advertising, virtual-currency sales and monthly subscriptions. Advertising makes up two-thirds of its revenue, with the other sources making up the rest. It has an established sales office based in New York City and Los Angeles.

In February 2010, myYearbook reported the company ended 2009 with a $20 million run rate. In December 2010, myYearbook partnered with Viximo service to provide better gaming opportunities for users.

In 2006, myYearbook raised $4.1 million from US Venture Partners and First Round Capital. In 2008, myYearbook raised $13 million in a Series B round.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2020 2020-08-06 0.26 0.14
Q1 2020 2020-05-06 0.09 -0.03
Q4 2019 2020-03-11 0.17 0.07
Q3 2019 2019-11-07 0.13 0.04
Q2 2019 2019-07-31 0.11 0.03
Q1 2019 2019-05-08 0.09 0.02
Q4 2018 2019-03-06 0.12 0.06
Q3 2018 2018-11-07 0.10 0.02

Ratings

2016-06-28 Reiterated Rating JMP Securities Buy
2016-06-15 Reiterated Rating Roth Capital Buy
2016-06-01 Boost Price Target Roth Capital Buy $4.25 to $5.25
2016-05-08 Reiterated Rating Northland Securities Buy
2016-03-19 Reiterated Rating Roth Capital Buy
2016-02-27 Reiterated Rating Roth Capital Buy
2016-01-26 Initiated Coverage Topeka Capital Markets Buy $6.00
2016-01-14 Reiterated Rating Roth Capital Buy $4.25 to $5.25
2016-01-06 Boost Price Target Roth Capital Buy $4.25 to $5.25
2015-12-31 Reiterated Rating Northland Securities Buy
2015-12-11 Reiterated Rating Roth Capital Buy
2015-12-11 Boost Price Target Northland Securities Outperform $4.00 to $5.00
2015-11-20 Reiterated Rating Roth Capital Buy $4.25
2015-11-04 Boost Price Target Roth Capital Buy $4.00 to $4.25
2015-11-04 Boost Price Target JMP Securities Market Outperform $3.00 to $4.00
2015-10-28 Initiated Coverage Roth Capital Buy $4.00
2015-06-04 Lower Price Target Northland Securities Outperform $4.00 to $3.50
2015-02-19 Set Price Target Wunderlich Buy $4.50
2015-01-13 Set Price Target Wunderlich Buy $4.50
2014-08-21 Initiated Coverage JMP Securities Outperform $3.00
2014-06-18 Initiated Coverage Wunderlich Hold to Buy $4.50
2014-04-30 Upgrade Northland Securities Outperform
2014-03-27 Reiterated Rating HC Wainwright Buy
2014-03-10 Initiated Coverage HC Wainwright Buy $5.00
2012-12-17 Initiated Northland Securities Outperform $5.25
2016-06-28 Reiterated Rating JMP Securities Buy
2016-06-15 Reiterated Rating Roth Capital Buy
2016-06-01 Boost Price Target Roth Capital Buy $4.25 to $5.25
2016-05-08 Reiterated Rating Northland Securities Buy
2016-03-19 Reiterated Rating Roth Capital Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Mexicans & Americans Trading Together, Inc. 9.89%  (4422935) MEET /
BLAST FURNACES OF MEXICO 9.89%  (4422935) MEET /
Ancira Alonso 9.89%  (4422935) MEET /
Herndon Terry O. 2.59%  (1156189) MEET /
Cook Geoffrey Chief Operating Officer 2.58%  (1152490) MEET /
Lindstrom Niklas Chief Technology Officer 0.58%  (258166) MEET /
Abbott John Chief Executive Officer 0.49%  (217682) MEET / OMEX /
Bugden James E. See Remarks 0.44%  (195357) MEET /
Friedman Richard Chief Technology Officer 0.43%  (192528) MEET /
Harris Jonah H Chief Technology Officer 0.39%  (173263) MEET /
Beckley Frederic Executive VP, Business Affairs 0.36%  (160842) MEET /
CLARK DAVID D Chief Financial Officer 0.31%  (140185) MEET / NTRI /
Batista Lars Fuhrken 0.31%  (138916) MEET /
Alena William Chief Revenue Officer 0.26%  (116993) MEET /
Roy Gavin Michael Chief Technology Officer 0.26%  (114092) MEET /
Jozoff Malcolm 0.22%  (96184) MEET /
Johnson Michael Roy Chief Accounting Officer 0.15%  (64979) MEET /
Rhodes Spencer Garrett 0.11%  (49816) MEET /
CRUZ ERNESTO 0.05%  (24538) MEET /
CLIFTON JEAN B 0.05%  (20888) MEET /
Whitt Jason 0.05%  (20888) MEET /
Singh Bedi Ajay 0.04%  (17000) MEET / NWSA /
Parmelee James P 0.04%  (17000) MEET / UPIP /