NASDAQ:MELIMercadolibre Stock Price, Forecast & News

Mercadolibre's stock was trading at $550.72 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MELI stock has increased by 79.5% and is now trading at $988.42. View which stocks have been most impacted by Coronavirus.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercadolibre in the last year. There are currently 6 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Mercadolibre.

Mercadolibre is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Mercadolibre.

Mercadolibre Inc (NASDAQ:MELI) issued its quarterly earnings data on Tuesday, May, 5th. The company reported ($0.44) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.48) by $0.04. The business had revenue of $652.09 million for the quarter, compared to analyst estimates of $609.27 million. Mercadolibre had a negative net margin of 8.28% and a negative return on equity of 5.29%. Mercadolibre's quarterly revenue was up 37.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 earnings per share. View Mercadolibre's earnings history.

20 brokers have issued twelve-month price objectives for Mercadolibre's shares. Their forecasts range from $548.00 to $1,100.00. On average, they anticipate Mercadolibre's share price to reach $771.16 in the next twelve months. This suggests that the stock has a possible downside of 22.0%. View analysts' price targets for Mercadolibre.

News articles about MELI stock have trended very negative recently, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Mercadolibre earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news about Mercadolibre.

Mercadolibre saw a drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,430,000 shares, a drop of 6.5% from the May 31st total of 1,530,000 shares. Based on an average trading volume of 681,700 shares, the short-interest ratio is presently 2.1 days. Currently, 3.3% of the shares of the stock are sold short. View Mercadolibre's Current Options Chain.

Some companies that are related to Mercadolibre include Accenture (ACN), Pinduoduo (PDD), Fidelity National Information Servcs (FIS), NetEase (NTES), Global Payments (GPN), eBay (EBAY), Msci (MSCI), CoStar Group (CSGP), FleetCor Technologies (FLT), Akamai Technologies (AKAM), Broadridge Financial Solutions (BR), Ctrip.Com International (CTRP), Trip.com Group (TCOM), Etsy (ETSY) and Zillow Group (ZG). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Mercadolibre investors own include Alibaba Group (BABA), NVIDIA (NVDA), Shopify (SHOP), Netflix (NFLX), Tesla (TSLA), Intuitive Surgical (ISRG), Walt Disney (DIS), Companhia de Saneamento Bsc DEDSP (SBS), Alphabet (GOOG) and Trade Desk (TTD).

Mercadolibre trades on the NASDAQ under the ticker symbol "MELI."

Mercadolibre's stock is owned by a variety of institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (0.00%) and Park National Corp OH (0.00%). Company insiders that own Mercadolibre stock include Emiliano Calemzuk and Meyer Malka. View institutional ownership trends for Mercadolibre.

MELI stock was sold by a variety of institutional investors in the last quarter, including Confluence Investment Management LLC. View insider buying and selling activity for Mercadolibre.

MELI stock was purchased by a variety of institutional investors in the last quarter, including Park National Corp OH. Company insiders that have bought Mercadolibre stock in the last two years include Emiliano Calemzuk, and Meyer Malka. View insider buying and selling activity for Mercadolibre.

Shares of MELI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MELI stock can currently be purchased for approximately $988.42.

Mercadolibre has a market capitalization of $49.13 billion and generates $2.30 billion in revenue each year. The company earns $-172,000,000.00 in net income (profit) each year or ($1.68) on an earnings per share basis. Mercadolibre employs 3,492 workers across the globe.

The official website for Mercadolibre is www.mercadolibre.com.

Mercadolibre's mailing address is ARIAS 3751 7TH FLOOR, BUENOS AIRES C1, C1430CRG. The company can be reached via phone at 54-11-4640-8000 or via email at [email protected]