Merlin, Inc. Common Stock (NASDAQ:MRLN) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts rate Merlin “Moderate Buy” overall: Four of six analysts recommend buying the stock, while one rates it a hold and one a sell. The average 12-month price target is $10.50, although recent targets were lowered to between $8 and $10.
• Merlin reported a significant quarterly earnings miss, posting a loss of $1.40 per share versus the $0.28 expected, on revenue of $2.19 million. Analysts project a full-year loss of $2.17 per share.
• The stock opened at $3.52, near its 52-week low of $3.16 and well below its 52-week high of $17.00; J. Safra Asset Management also disclosed a new stake valued at approximately $5.45 million.

Merlin, Inc. Common Stock (NASDAQ:MRLN - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $10.50.

A number of equities research analysts have recently weighed in on the company. Northland Securities began coverage on Merlin, Inc. Common Stock in a report on Tuesday, July 21st. They set an "outperform" rating and a $10.00 price target on the stock. Wall Street Zen cut Merlin, Inc. Common Stock to a "strong sell" rating in a research report on Saturday, May 23rd. Weiss Ratings raised Merlin, Inc. Common Stock from a "sell (e-)" rating to a "sell (e)" rating in a research note on Tuesday, June 9th. Cantor Fitzgerald cut their target price on Merlin, Inc. Common Stock from $11.00 to $9.00 and set an "overweight" rating on the stock in a research note on Friday, August 14th. Finally, TD Cowen reduced their price target on Merlin, Inc. Common Stock from $11.00 to $8.00 and set a "buy" rating for the company in a research report on Monday, July 13th.

Institutional Investors Weigh In On Merlin, Inc. Common Stock

An institutional investor recently bought a new stake in Merlin, Inc. Common Stock stock. J.Safra Asset Management Corp bought a new stake in shares of Merlin, Inc. Common Stock (NASDAQ:MRLN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,951 shares of the company's stock, valued at approximately $5,447,000.

Merlin, Inc. Common Stock Stock Performance

MRLN stock opened at $3.52 on Friday. The firm has a market cap of $355.77 million, a PE ratio of -2.38 and a beta of 1.87. The business has a 50-day moving average price of $4.24. Merlin, Inc. Common Stock has a fifty-two week low of $3.16 and a fifty-two week high of $17.00.

Merlin, Inc. Common Stock (NASDAQ:MRLN - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.28) by ($1.12). The business had revenue of $2.19 million for the quarter. On average, analysts expect that Merlin, Inc. Common Stock will post -2.17 earnings per share for the current fiscal year.

Merlin, Inc. Common Stock Company Profile

Merlin Inc is focused on developing autonomous flight software for legacy and next-generation airborne systems. Its aircraft-agnostic, AI-based software supports takeoff-to-landing autonomous operations for military and civil aviation programs. The company aims to build an AI-based operating software platform intended to support autonomous flight operations across a range of aircraft types.

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