Mercadolibre (MELI) Given Daily News Sentiment Score of 0.21
News stories about Mercadolibre (NASDAQ:MELI) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mercadolibre earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news stories about the company an impact score of 47.1851735706159 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Mercadolibre Inc (MELI) Expected to Announce Quarterly Sales of $375.29 Million (americanbankingnews.com)
- Brokerages Anticipate Mercadolibre Inc (MELI) Will Post Earnings of $0.01 Per Share (americanbankingnews.com)
- MercadoLibre, Inc. (NASDAQ:MELI) is Catching the Eye of Institutions (zeelandpress.com)
- Mercadolibre Inc (MELI) Sees Wilder Move Above the 338.29 SMA (cantoncaller.com)
- See what the IHS Markit Score report has to say about Mercadolibre Inc. (finance.yahoo.com)
MELI opened at $378.18 on Wednesday. The firm has a market cap of $16.23 billion, a PE ratio of 149.48 and a beta of 2.04. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.15 and a quick ratio of 1.15. Mercadolibre has a fifty-two week low of $217.06 and a fifty-two week high of $417.91.
MELI has been the subject of a number of research reports. ValuEngine raised Mercadolibre from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Piper Jaffray Companies increased their price target on Mercadolibre to $350.00 and gave the company an “overweight” rating in a research note on Thursday, May 10th. Stifel Nicolaus reaffirmed a “hold” rating and set a $360.00 price target (down from $405.00) on shares of Mercadolibre in a research note on Thursday, May 10th. BidaskClub lowered Mercadolibre from a “hold” rating to a “sell” rating in a research note on Friday, May 11th. Finally, Morgan Stanley decreased their price target on Mercadolibre from $330.00 to $260.00 and set an “underweight” rating for the company in a research note on Tuesday, May 29th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $356.92.
In related news, Director Meyer Malka acquired 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 purchase, the director now directly owns 1,708 shares in the company, valued at approximately $514,774.12. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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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