Media coverage about Mercadolibre (NASDAQ:MELI) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Mercadolibre earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media stories about the company an impact score of 47.0721724696122 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s rankings:
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Insider Buying: Mercadolibre Inc (MELI) Director Acquires 1,708 Shares of Stock (americanbankingnews.com) MercadoLibre’s Recent Financials Mask Operational Growth (seekingalpha.com) Mercadolibre Inc (MELI) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com) If Its Growth Is So Fabulous, Why Is MercadoLibre Stock Falling? (fool.com) The “Amazon” of Latin America (fool.com)
Shares of Mercadolibre stock traded down $0.23 on Friday, reaching $314.70. The stock had a trading volume of 1,539,558 shares, compared to its average volume of 725,705. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.25. Mercadolibre has a 1 year low of $217.06 and a 1 year high of $417.91. The company has a market cap of $13.46 billion, a P/E ratio of 124.39 and a beta of 2.08.
Mercadolibre (NASDAQ:MELI) last released its earnings results on Thursday, February 22nd. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.35). The company had revenue of $436.98 million during the quarter, compared to analyst estimates of $404.74 million. Mercadolibre had a positive return on equity of 13.98% and a negative net margin of 3.30%. equities research analysts forecast that Mercadolibre will post 0.58 EPS for the current fiscal year.
A number of research analysts have commented on the stock. Cowen reissued a “hold” rating and set a $373.00 target price on shares of Mercadolibre in a research report on Tuesday, April 17th. BidaskClub downgraded shares of Mercadolibre from a “hold” rating to a “sell” rating in a research report on Friday, May 11th. ValuEngine raised shares of Mercadolibre from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research downgraded shares of Mercadolibre from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 27th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $415.00 price objective (up previously from $350.00) on shares of Mercadolibre in a research report on Sunday, January 28th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $342.55.
In related news, Director Meyer Malka bought 1,708 shares of the stock in a transaction that occurred on Tuesday, May 22nd. The stock was bought at an average cost of $292.65 per share, for a total transaction of $499,846.20. Following the purchase, the director now directly owns 1,708 shares of the company’s stock, valued at $499,846.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.36% of the stock is owned by company insiders.
MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.