MeridianLink, Inc. (NYSE:MLNK) Given Average Recommendation of “Hold” by Analysts

MeridianLink, Inc. (NYSE:MLNK) has received a consensus rating of “Hold” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $20.60.

A number of research firms have issued reports on MLNK. UBS Group raised their target price on MeridianLink from $17.00 to $18.00 and gave the company a “sell” rating in a report on Tuesday, August 13th. Stifel Nicolaus raised their price objective on shares of MeridianLink from $18.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Finally, Barclays upped their target price on shares of MeridianLink from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Friday, August 9th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MLNK. nVerses Capital LLC acquired a new position in MeridianLink in the 2nd quarter valued at $41,000. Jump Financial LLC bought a new stake in shares of MeridianLink in the fourth quarter valued at about $230,000. Russell Investments Group Ltd. grew its stake in shares of MeridianLink by 26.4% in the first quarter. Russell Investments Group Ltd. now owns 15,430 shares of the company’s stock valued at $289,000 after acquiring an additional 3,226 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in MeridianLink during the first quarter worth about $325,000. Finally, Squarepoint Ops LLC bought a new position in MeridianLink during the second quarter worth about $336,000. 82.65% of the stock is owned by institutional investors and hedge funds.

MeridianLink Price Performance

MeridianLink stock opened at $22.58 on Tuesday. The stock has a market capitalization of $1.73 billion, a P/E ratio of -41.81 and a beta of 1.01. MeridianLink has a 12-month low of $14.89 and a 12-month high of $25.88. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.04 and a quick ratio of 2.04. The firm’s 50-day moving average is $22.37 and its two-hundred day moving average is $19.91.

MeridianLink (NYSE:MLNK) last released its earnings results on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.04). MeridianLink had a negative return on equity of 7.62% and a negative net margin of 15.16%. The company had revenue of $78.70 million during the quarter, compared to analyst estimates of $78.08 million. During the same period in the prior year, the business posted ($0.06) earnings per share. MeridianLink’s revenue was up 4.4% on a year-over-year basis. Equities analysts predict that MeridianLink will post -0.27 earnings per share for the current year.

About MeridianLink

MeridianLink, Inc, a software and services company, provides software solutions for banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies in the United States. The company offers MeridianLink One, a multi-product platform that can be tailored to meet the needs of customers as they digitally transform their organizations and adapt to changing business and consumer demands; MeridianLink Portal, a Point of Sale system that allows financial institutions to expand existing lending and deposit account; MeridianLink Opening, a cloud-based online account opening and deposit software solution; MeridianLink Consumer, a full loan solution suite to banks and credit unions; and MeridianLink DecisionLender, a loan origination software (LOS) for finance companies.