MeridianLink, Inc. (NYSE:MLNK) Given Average Rating of "Reduce" by Brokerages

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.

MeridianLink, Inc. (NYSE:MLNK - Get Free Report) has been given a consensus rating of "Reduce" by the eight research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $20.0714.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MLNK. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of MeridianLink by 1,606.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,521 shares of the company's stock worth $84,000 after buying an additional 4,256 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in MeridianLink in the second quarter worth $76,000. New York State Common Retirement Fund raised its holdings 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 worth $172,000 after purchasing an additional 2,600 shares during the period. Tower Research Capital LLC TRC raised its holdings in MeridianLink by 271.6% in the second quarter. Tower Research Capital LLC TRC now owns 9,275 shares of the company's stock worth $151,000 after purchasing an additional 6,779 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of MeridianLink during the fourth quarter worth $201,000. Institutional investors and hedge funds own 82.65% of the company's stock.

MeridianLink Stock Up 0.2%

Shares of MeridianLink stock traded up $0.03 on Friday, hitting $19.93. 528,674 shares of the company traded hands, compared to its average volume of 407,597. The company has a 50-day moving average price of $18.18 and a 200 day moving average price of $17.60. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 1.18. MeridianLink has a 12-month low of $15.49 and a 12-month high of $25.33. The company has a market cap of $1.48 billion, a PE ratio of -68.72 and a beta of 0.93.

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

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.