MeridianLink, Inc. (NYSE:MLNK) Receives $18.67 Average PT from Brokerages

Shares of MeridianLink, Inc. (NYSE:MLNK) have been assigned a consensus rating of “Hold” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $19.60.

MLNK has been the subject of a number of analyst reports. Wolfe Research raised shares of MeridianLink from an “underperform” rating to a “peer perform” rating in a research report on Thursday, February 8th. Stifel Nicolaus cut their target price on shares of MeridianLink from $20.00 to $18.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th. Barclays cut their target price on shares of MeridianLink from $23.00 to $20.00 and set an “underweight” rating for the company in a research note on Thursday, March 7th. Citigroup cut their target price on shares of MeridianLink from $23.50 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. Finally, William Blair restated an “outperform” rating on shares of MeridianLink in a research note on Wednesday, March 6th.

MeridianLink Stock Up 3.0 %

MeridianLink stock opened at $17.72 on Tuesday. The company has a fifty day simple moving average of $18.34 and a 200 day simple moving average of $19.81. MeridianLink has a 1-year low of $13.62 and a 1-year high of $25.88. The company has a market cap of $1.36 billion, a P/E ratio of -32.81 and a beta of 0.91. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.83.

MeridianLink (NYSE:MLNK) last announced its quarterly earnings data on Tuesday, March 5th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.23). MeridianLink had a negative net margin of 14.01% and a negative return on equity of 6.77%. The firm had revenue of $74.60 million during the quarter, compared to the consensus estimate of $74.61 million. During the same period last year, the business earned ($0.05) EPS. The business’s revenue was up 5.8% on a year-over-year basis. Research analysts anticipate that MeridianLink will post -0.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MeridianLink news, Director Timothy Nguyen sold 1,657,246 shares of MeridianLink stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $18.29, for a total value of $30,311,029.34. Following the completion of the sale, the director now owns 1,014,526 shares in the company, valued at approximately $18,555,680.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 20.10% of the company’s stock.

Institutional Trading of MeridianLink

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of MeridianLink by 196.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,416 shares of the company’s stock valued at $75,000 after buying an additional 2,926 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of MeridianLink in the 3rd quarter valued at approximately $108,000. Jump Financial LLC acquired a new position in shares of MeridianLink in the 4th quarter valued at approximately $230,000. Barclays PLC raised its position in shares of MeridianLink by 9.2% in the 3rd quarter. Barclays PLC now owns 9,679 shares of the company’s stock valued at $165,000 after buying an additional 815 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of MeridianLink in the 4th quarter valued at approximately $302,000. Institutional investors and hedge funds own 82.65% of the company’s stock.

MeridianLink Company Profile

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.