MeridianLink, Inc. (NYSE:MLNK) Receives Average Rating of "Hold" from Brokerages

MeridianLink, Inc. (NYSE:MLNK - Get Free Report) has been given an average rating of "Hold" by the seven analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $19.42.

A number of brokerages recently weighed in on MLNK. William Blair restated an "outperform" rating on shares of MeridianLink in a research report on Friday, March 7th. Stifel Nicolaus decreased their price target on shares of MeridianLink from $20.00 to $18.00 and set a "hold" rating on the stock in a research report on Tuesday, May 13th. 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 research report on Monday, April 14th. 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 research report on Tuesday, March 4th. Finally, 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 research report on Friday, March 7th.

MeridianLink Trading Down 1.1%

Shares of MLNK stock traded down $0.19 during mid-day trading on Thursday, reaching $16.81. The stock had a trading volume of 510,068 shares, compared to its average volume of 291,179. The stock's 50-day moving average price is $16.78 and its two-hundred day moving average price is $19.11. MeridianLink has a 52-week low of $15.57 and a 52-week high of $25.33. The firm has a market capitalization of $1.30 billion, a PE ratio of -25.10 and a beta of 0.93. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11.

MeridianLink (NYSE:MLNK - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.02). The business had revenue of $81.49 million during 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%. MeridianLink's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 EPS. Equities analysts expect that MeridianLink will post -0.35 earnings per share for the current fiscal year.

Institutional Trading of MeridianLink

Institutional investors and hedge funds have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its stake in MeridianLink by 123.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 398,389 shares of the company's stock valued at $8,227,000 after acquiring an additional 220,240 shares in the last quarter. Dimensional Fund Advisors LP grew its stake 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 in the last quarter. Charles Schwab Investment Management Inc. grew its stake in MeridianLink by 9.6% during the fourth 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 in the last quarter. Geode Capital Management LLC grew its stake 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 in the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new position in MeridianLink during the fourth quarter valued at $384,000. 82.65% of the stock is currently owned by institutional investors.

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.