Media stories about Mercadolibre (NASDAQ:MELI) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mercadolibre earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.6672557274261 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Why Is MercadoLibre (MELI) Down 16.6% Since Last Earnings Report? (finance.yahoo.com)
- Can Facebook's Shopping Endeavor Disrupt E-Commerce Market? (finance.yahoo.com)
- EBITDA Yield & Technical Update on MercadoLibre, Inc. (NasdaqGS:MELI) (baycityobserver.com)
- Focusing the Lens on Mercadolibre Inc (MELI) Shares: Technical Update (cantoncaller.com)
- MercadoLibre, Inc. (NasdaqGS:MELI) QI Value Rolls to 56.00000 (cantoncaller.com)
Shares of MELI stock opened at $326.50 on Friday. Mercadolibre has a twelve month low of $217.06 and a twelve month high of $417.91. The company has a market capitalization of $14.48 billion, a price-to-earnings ratio of 129.05 and a beta of 2.06. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.15.
Mercadolibre (NASDAQ:MELI) last announced its earnings results on Wednesday, August 8th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.04). Mercadolibre had a negative net margin of 4.39% and a positive return on equity of 4.32%. The company had revenue of $335.40 million during the quarter, compared to analysts’ expectations of $333.98 million. During the same quarter last year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. equities analysts expect that Mercadolibre will post -0.44 EPS for the current year.
A number of research analysts recently issued reports on the company. BidaskClub upgraded Mercadolibre from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. Stifel Nicolaus upgraded Mercadolibre from a “hold” rating to a “buy” rating and set a $380.00 price target on the stock in a research note on Tuesday, August 21st. Zacks Investment Research downgraded Mercadolibre from a “hold” rating to a “sell” rating in a research note on Tuesday, August 14th. ValuEngine upgraded Mercadolibre from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 9th. Finally, Credit Suisse Group dropped their price target on Mercadolibre from $425.00 to $420.00 and set an “outperform” rating on the stock in a research note on Thursday, August 9th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Mercadolibre has an average rating of “Hold” and a consensus target price of $356.92.
In other Mercadolibre news, Director Meyer Malka purchased 16,518 shares of Mercadolibre stock in a transaction dated Thursday, June 14th. The stock was acquired at an average cost of $301.39 per share, with a total value of $4,978,360.02. Following the acquisition, the director now directly owns 1,708 shares of the company’s stock, valued at $514,774.12. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.32% of the company’s stock.
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.
Read More: Earnings Per Share
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