MeridianLink, Inc. (NYSE:MLNK) Receives Consensus Rating of "Reduce" from Analysts

Key Points

• MeridianLink, Inc. has received a consensus rating of "Reduce" from analysts, with two recommending a sell and six suggesting a hold.
• The company's stock price opened at $19.92 and has a 12-month target price averaging $20.07 among brokers.
• MeridianLink reported earnings of ($0.04) per share for the last quarter, missing expectations, despite a 7.5% increase in revenue year-over-year.

Shares of MeridianLink, Inc. (NYSE:MLNK - Get Free Report) have earned an average recommendation of "Reduce" from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $20.0714.

Several analysts have recently issued reports on MLNK shares. Raymond James Financial cut shares of MeridianLink from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, August 12th. BTIG Research cut shares of MeridianLink from a "strong-buy" rating to a "neutral" rating in a report on Monday, August 11th. Barclays raised their target price on shares of MeridianLink from $16.00 to $20.00 and gave the company an "underweight" rating in a report on Tuesday, August 12th. Finally, William Blair cut shares of MeridianLink from an "outperform" rating to a "market perform" rating in a report on Monday, August 11th.

MeridianLink Stock Down 0.1%

Shares of MLNK traded down $0.01 during mid-day trading on Friday, hitting $19.98. 463,713 shares of the company's stock were exchanged, compared to its average volume of 346,275. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -68.90 and a beta of 0.93. MeridianLink has a fifty-two week low of $15.49 and a fifty-two week high of $25.22. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.01 and a current ratio of 2.01. The stock's 50-day moving average is $18.36 and its 200-day moving average is $17.64.

MeridianLink (NYSE:MLNK - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.13). The business had revenue of $84.60 million for the quarter, compared to analyst estimates of $81.58 million. MeridianLink had a negative return on equity of 4.50% and a negative net margin of 6.90%.The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.04 EPS. On average, sell-side analysts anticipate that MeridianLink will post -0.35 earnings per share for the current fiscal year.

Institutional Trading of MeridianLink

Hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in MeridianLink by 1,606.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,521 shares of the company's stock valued at $84,000 after acquiring an additional 4,256 shares in the last quarter. Raymond James Financial Inc. purchased a new position in MeridianLink in the second quarter valued at approximately $76,000. New York State Common Retirement Fund increased its stake in MeridianLink by 39.1% in the first quarter. New York State Common Retirement Fund now owns 9,257 shares of the company's stock valued at $172,000 after purchasing an additional 2,600 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in MeridianLink by 271.6% in the second quarter. Tower Research Capital LLC TRC now owns 9,275 shares of the company's stock valued at $151,000 after purchasing an additional 6,779 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in MeridianLink in the fourth quarter valued at approximately $201,000. Institutional investors and hedge funds own 82.65% 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.