MeridianLink, Inc. (NYSE:MLNK) Given Consensus Rating of "Hold" by Brokerages

MeridianLink, Inc. (NYSE:MLNK - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $19.42.

Several research analysts have weighed in on the stock. William Blair restated an "outperform" rating on shares of MeridianLink in a report on Friday, March 7th. Stifel Nicolaus lowered their target price on shares of MeridianLink from $20.00 to $18.00 and set a "hold" rating on the stock in a report on Tuesday, May 13th. Citigroup cut their price target on MeridianLink from $24.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Barclays decreased their price objective on MeridianLink from $19.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, April 14th. Finally, Raymond James Financial dropped their target price on MeridianLink from $28.00 to $24.00 and set an "outperform" rating on the stock in a report on Friday, March 7th.

MeridianLink Trading Up 1.7%

Shares of MeridianLink stock traded up $0.28 on Monday, hitting $17.12. 206,857 shares of the company's stock traded hands, compared to its average volume of 294,823. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -45.05 and a beta of 0.91. The company has a fifty day moving average of $16.66 and a two-hundred day moving average of $18.24. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.22 and a quick ratio of 2.22. MeridianLink has a one year low of $15.49 and a one year high of $25.33.

MeridianLink (NYSE:MLNK - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The company had revenue of $81.49 million for the quarter, compared to analyst estimates of $80.47 million. MeridianLink had a negative return on equity of 5.14% and a negative net margin of 9.11%. The business's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $0.06 EPS. As a group, sell-side analysts expect that MeridianLink will post -0.35 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its holdings in shares of MeridianLink by 10.0% in the 4th quarter. Rhumbline Advisers now owns 48,629 shares of the company's stock worth $1,004,000 after buying an additional 4,404 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in MeridianLink in the fourth quarter valued at about $234,000. Charles Schwab Investment Management Inc. grew its position in shares of MeridianLink by 9.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 239,032 shares of the company's stock valued at $4,936,000 after acquiring an additional 20,928 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of MeridianLink during the 4th quarter worth approximately $29,461,000. Finally, AlphaQuest LLC purchased a new stake in shares of MeridianLink during the 4th quarter worth approximately $421,000. Institutional investors 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.