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Is MeetMe (MEET) Outperforming Other Computer and Technology Stocks This Year?

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is MeetMe (MEET) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.

MeetMe is a member of the Computer and Technology sector. This group includes 655 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. MEET is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for MEET's full-year earnings has moved 7.69% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, MEET has moved about 41.49% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have lost about 5.22% on average. As we can see, MeetMe is performing better than its sector in the calendar year.

Breaking things down more, MEET is a member of the Internet - Software industry, which includes 89 individual companies and currently sits at #27 in the Zacks Industry Rank. On average, stocks in this group have gained 4.43% this year, meaning that MEET is performing better in terms of year-to-date returns.

MEET will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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