NASDAQ:MELIMercadolibre Stock Price, Forecast & News

Mercadolibre's stock was trading at $550.72 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MELI shares have increased by 82.9% and is now trading at $1,007.24. 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 Thursday, July 30th 2020. View our earnings forecast for Mercadolibre.

Mercadolibre will be holding an earnings conference call on Thursday, July 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

20 equities research analysts have issued 1-year target prices for Mercadolibre's stock. 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 year. This suggests that the stock has a possible downside of 23.4%. View analysts' price targets for Mercadolibre.

News coverage about MELI stock has been trending negative recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Mercadolibre earned a daily sentiment score of -2.1 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news about Mercadolibre.

Mercadolibre saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,620,000 shares, an increase of 13.3% from the June 15th total of 1,430,000 shares. Based on an average daily volume of 608,400 shares, the days-to-cover ratio is presently 2.7 days. Currently, 3.7% of the company's 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), Trip.com Group (TCOM), Ctrip.Com International (CTRP), Broadridge Financial Solutions (BR), Etsy (ETSY) and Zillow Group (Z). 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 Envestnet Asset Management Inc. (0.12%), Verde Servicos Internacionais S.A. (0.03%), DNB Asset Management AS (0.02%), Paragon Advisors LLC (0.00%), 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 Verde Servicos Internacionais S.A., and Confluence Investment Management LLC. View insider buying and selling activity for Mercadolibre.

MELI stock was acquired by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Envestnet Asset Management Inc., Paragon Advisors LLC, and 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 $1,007.24.

Mercadolibre has a market capitalization of $50.07 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]