MeridianLink, Inc. (NYSE:MLNK) Given Consensus Rating of "Reduce" by Analysts

Key Points

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Shares of MeridianLink, Inc. (NYSE:MLNK - Get Free Report) have earned a consensus recommendation of "Reduce" from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $20.0714.

Several equities analysts have recently commented on the company. Stifel Nicolaus reduced their price objective on MeridianLink from $20.00 to $18.00 and set a "hold" rating on the stock in a research report on Tuesday, May 13th. Raymond James Financial lowered MeridianLink from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, August 12th. BTIG Research lowered MeridianLink from a "strong-buy" rating to a "neutral" rating in a research report on Monday, August 11th. William Blair cut MeridianLink from an "outperform" rating to a "market perform" rating in a research note on Monday, August 11th. Finally, Barclays raised their target price on MeridianLink from $16.00 to $20.00 and gave the company an "underweight" rating in a research note on Tuesday, August 12th.

Institutional Trading of MeridianLink

Several large investors have recently modified their holdings of MLNK. Summit Investment Advisors Inc. lifted its position in shares of MeridianLink by 32.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company's stock valued at $71,000 after acquiring an additional 830 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of MeridianLink by 1,606.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,521 shares of the company's stock valued at $84,000 after buying an additional 4,256 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of MeridianLink during the second quarter valued at approximately $76,000. New York State Common Retirement Fund grew its stake in shares of MeridianLink by 39.1% during the first quarter. New York State Common Retirement Fund now owns 9,257 shares of the company's stock valued at $172,000 after buying an additional 2,600 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake 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 in the last quarter. Institutional investors own 82.65% of the company's stock.

MeridianLink Stock Performance

Shares of MLNK stock traded up $0.0250 on Tuesday, hitting $19.8750. 432,549 shares of the stock were exchanged, compared to its average volume of 1,359,302. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $1.47 billion, a PE ratio of -68.53 and a beta of 0.91. MeridianLink has a one year low of $15.49 and a one year high of $25.33. The firm's 50 day moving average is $17.08 and its two-hundred day moving average is $17.48.

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