MeridianLink (MLNK) Scheduled to Post Earnings on Tuesday

MeridianLink (NYSE:MLNK) is scheduled to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect MeridianLink to post earnings of $0.09 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

MeridianLink (NYSE:MLNK) last issued its quarterly earnings results on Tuesday, March 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.23). MeridianLink had a negative return on equity of 6.77% and a negative net margin of 14.01%. The firm had revenue of $74.60 million during the quarter, compared to analyst estimates of $74.61 million. During the same period in the prior year, the firm earned ($0.05) earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. On average, analysts expect MeridianLink to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

MeridianLink Stock Down 1.6 %

NYSE MLNK traded down $0.27 during mid-day trading on Tuesday, hitting $16.85. The stock had a trading volume of 17,367 shares, compared to its average volume of 220,228. MeridianLink has a twelve month low of $13.62 and a twelve month high of $25.88. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.83. The firm’s 50 day moving average is $18.18 and its 200 day moving average is $19.82.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MLNK shares. William Blair reissued an “outperform” rating on shares of MeridianLink in a research note on Wednesday, March 6th. Citigroup decreased their target price on shares of MeridianLink from $23.50 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. Stifel Nicolaus dropped their price target on MeridianLink from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Wednesday, March 6th. Wolfe Research upgraded MeridianLink from an “underperform” rating to a “peer perform” rating in a research report on Thursday, February 8th. Finally, Barclays lowered their price objective on MeridianLink from $23.00 to $20.00 and set an “underweight” rating on the stock in a research note on Thursday, March 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, MeridianLink currently has a consensus rating of “Hold” and a consensus target price of $19.60.

Insider Transactions at MeridianLink

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

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.