Media headlines about Mercadolibre (NASDAQ:MELI) have been trending positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mercadolibre earned a news sentiment score of 0.26 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.7307005563757 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
Shares of Mercadolibre opened at $297.43 on Wednesday, MarketBeat reports. Mercadolibre has a 52-week low of $217.06 and a 52-week high of $417.91. The stock has a market capitalization of $13.06 billion, a PE ratio of 117.56 and a beta of 1.98. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.18 and a quick ratio of 1.18.
Mercadolibre (NASDAQ:MELI) last announced its quarterly earnings data on Wednesday, May 9th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.73). Mercadolibre had a positive return on equity of 13.98% and a negative net margin of 3.30%. The firm had revenue of $320.98 million during the quarter, compared to analysts’ expectations of $416.15 million. During the same quarter in the previous year, the business earned $1.10 earnings per share. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. equities analysts predict that Mercadolibre will post 0.28 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on the company. KeyCorp raised Mercadolibre from a “sector weight” rating to an “overweight” rating and set a $350.00 price target for the company in a report on Monday, June 25th. ValuEngine downgraded Mercadolibre from a “buy” rating to a “hold” rating in a report on Friday, June 8th. Morgan Stanley lowered their price target on Mercadolibre from $330.00 to $260.00 and set an “underweight” rating for the company in a report on Tuesday, May 29th. BidaskClub raised Mercadolibre from a “strong sell” rating to a “sell” rating in a report on Friday, May 25th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $360.00 price target (down previously from $405.00) on shares of Mercadolibre in a report on Thursday, May 10th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $341.05.
In other news, Director Meyer Malka acquired 16,500 shares of Mercadolibre stock in a transaction dated Tuesday, June 12th. The stock was purchased at an average cost of $301.40 per share, for a total transaction of $4,973,100.00. Following the completion of the purchase, the director now directly owns 1,708 shares in the company, valued at approximately $514,791.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders bought 34,726 shares of company stock valued at $10,451,306. Company insiders own 0.32% of the company’s stock.
Mercadolibre Company Profile
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.
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