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Fly News Breaks for December 30, 2015
MEET
Dec 30, 2015 | 07:59 EDT
Northland analyst Jeff Houston says MeetMe's chats and user growth point to the company reporting strong Q4 results. MeetMe yesterday announced that the number of user-to-user chats in a single day reached a record 30M on December 28. The company's recent move of mobile-ad management to in-house has dramatically increased revenue per user, Houston tells investors in a research note. He keeps an Overweight rating on the stock with a $5 price target.
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