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MeetMe (MEET) Stock Climbs on Outlook, JMP Securities: Buy on Weakness

NEW YORK (TheStreet) -- Shares of MeetMe (MEET) were rising 5.88% to $5.32 on heavy trading volume late Wednesday morning as the dating site company reiterated its guidance for the 2016 third quarter and full year following recent volatility and in anticipation of upcoming investor meetings.

The stock closed down 18.37% to $5.02 on heavy trading volume yesterday, but was higher in after-hours trading following the reiterated outlook.

JMP Securities maintained its "market outperform" rating and $9 price target...