MeridianLink (NYSE:MLNK) Releases Earnings Results

MeridianLink (NYSE:MLNK) issued its quarterly earnings data on Tuesday. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01), Briefing.com reports. The company had revenue of $77.82 million during the quarter, compared to analyst estimates of $76.79 million. MeridianLink had a negative net margin of 14.01% and a negative return on equity of 6.77%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the firm earned ($0.04) EPS.

MeridianLink Trading Down 0.6 %

NYSE:MLNK traded down $0.11 on Tuesday, hitting $17.26. The stock had a trading volume of 176,577 shares, compared to its average volume of 220,205. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of -31.96 and a beta of 0.95. MeridianLink has a 1-year low of $14.89 and a 1-year 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 company has a fifty day moving average price of $17.98 and a two-hundred day moving average price of $19.81.

Insider Buying and Selling at MeridianLink

In related news, Director Timothy Nguyen sold 1,657,246 shares of MeridianLink stock in a transaction that occurred on 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 transaction, the director now owns 1,014,526 shares in the company, valued at $18,555,680.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.