MeridianLink, Inc. (NYSE:MLNK) Given Average Recommendation of "Hold" by Analysts

Shares of MeridianLink, Inc. (NYSE:MLNK - Get Free Report) have received a consensus rating of "Hold" from the seven brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $19.42.

Several research firms have commented on MLNK. Stifel Nicolaus decreased 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. UBS Group decreased their price target on shares of MeridianLink from $25.50 to $20.50 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. William Blair reaffirmed an "outperform" rating on shares of MeridianLink in a report on Friday, March 7th. Citigroup decreased their price target on shares of MeridianLink from $24.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Finally, Barclays decreased their price target on shares of MeridianLink from $19.00 to $16.00 and set an "underweight" rating on the stock in a report on Monday, April 14th.

MeridianLink Stock Performance

NYSE MLNK opened at $16.25 on Monday. The firm has a 50-day moving average of $16.63 and a 200-day moving average of $18.31. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.22 and a current ratio of 2.22. The stock has a market cap of $1.25 billion, a PE ratio of -42.75 and a beta of 0.93. MeridianLink has a 52-week low of $15.49 and a 52-week high of $25.33.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in shares of MeridianLink by 72.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 320,012 shares of the company's stock worth $5,930,000 after purchasing an additional 134,146 shares during the period. Inspire Investing LLC acquired a new position in shares of MeridianLink in the 1st quarter worth approximately $345,000. Jane Street Group LLC lifted its position in shares of MeridianLink by 141.4% in the 1st quarter. Jane Street Group LLC now owns 45,504 shares of the company's stock worth $843,000 after purchasing an additional 26,655 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of MeridianLink by 41.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 102,303 shares of the company's stock worth $1,896,000 after purchasing an additional 29,863 shares during the period. Finally, Woodline Partners LP lifted its position in shares of MeridianLink by 76.0% in the 1st quarter. Woodline Partners LP now owns 18,625 shares of the company's stock worth $345,000 after purchasing an additional 8,041 shares during the period. Institutional investors and hedge funds own 82.65% of the company's stock.

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.

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