Analysts Set MeridianLink, Inc. (NYSE:MLNK) Target Price at $19.42

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

Several equities analysts have weighed in on the company. Citigroup dropped their price target on MeridianLink from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. William Blair reissued an "outperform" rating on shares of MeridianLink in a research report on Friday, March 7th. Barclays lowered their price objective on MeridianLink from $19.00 to $16.00 and set an "underweight" rating for the company in a research report on Monday, April 14th. Raymond James lowered their price objective on MeridianLink from $28.00 to $24.00 and set an "outperform" rating for the company in a research report on Friday, March 7th. Finally, UBS Group lowered their price objective on MeridianLink from $25.50 to $20.50 and set a "neutral" rating for the company in a research report on Tuesday, March 4th.

Institutional Investors Weigh In On MeridianLink

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in MeridianLink by 2.4% during the first quarter. Vanguard Group Inc. now owns 3,343,896 shares of the company's stock valued at $61,962,000 after acquiring an additional 77,873 shares during the period. Park West Asset Management LLC grew its position in MeridianLink by 9.6% during the first quarter. Park West Asset Management LLC now owns 2,599,087 shares of the company's stock valued at $48,161,000 after acquiring an additional 227,969 shares during the period. Victory Capital Management Inc. grew its position in MeridianLink by 27.9% during the first quarter. Victory Capital Management Inc. now owns 1,824,395 shares of the company's stock valued at $33,806,000 after acquiring an additional 397,730 shares during the period. Dimensional Fund Advisors LP grew its position in MeridianLink by 12.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 986,105 shares of the company's stock valued at $20,363,000 after acquiring an additional 107,349 shares during the period. Finally, Geode Capital Management LLC grew its position in MeridianLink by 11.4% during the fourth quarter. Geode Capital Management LLC now owns 672,526 shares of the company's stock valued at $13,890,000 after acquiring an additional 69,083 shares during the period. Hedge funds and other institutional investors own 82.65% of the company's stock.

MeridianLink Price Performance

MeridianLink stock traded up $0.19 during mid-day trading on Thursday, hitting $17.05. 428,193 shares of the company were exchanged, compared to its average volume of 291,309. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86. The business's 50 day simple moving average is $16.71 and its two-hundred day simple moving average is $18.99. The company has a market capitalization of $1.32 billion, a P/E ratio of -25.44 and a beta of 0.93. MeridianLink has a 12-month low of $15.57 and a 12-month 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 earnings per share 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 analysts' expectations of $80.47 million. MeridianLink had a negative return on equity of 9.57% and a negative net margin of 16.57%. The business's quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 EPS. Analysts forecast that MeridianLink will post -0.35 earnings per share for the current fiscal year.

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.