NEW YORK (TheStreet) -- Shares of MeetMe Inc. (MEET) are higher by 9.84% to $2.12 in early trading on Wednesday morning after being initiated with a "buy" rating and $4.50 price target at Wunderlich Securities.
The firm said it started the social media company, geared toward helpings users meet new people, with a strong rating based on its expectation MeetMe will increase its number of active mobile users, its monetization levels, and its 2015 full year revenue through enhancements in its mobile app, advertising deals and expanding trends with younger users.
Separately, TheStreet Ratings team rates MEETME INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate MEETME INC (MEET) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The area that we feel has been the company's primary weakness has been its disappointing return on equity."