MeridianLink, Inc. (NYSE:MLNK) Given Consensus Recommendation of "Reduce" by Brokerages

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 research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $20.0714.

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

MeridianLink Stock Up 0.0%

MLNK stock opened at $19.81 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.01 and a quick ratio of 2.01. MeridianLink has a 1-year low of $15.49 and a 1-year high of $25.33. The firm has a fifty day moving average price of $16.85 and a two-hundred day moving average price of $17.45. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -68.30 and a beta of 0.91.

MeridianLink (NYSE:MLNK - Get Free Report) last released its earnings results on Monday, August 11th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.13). MeridianLink had a negative net margin of 6.90% and a negative return on equity of 4.50%. The business had revenue of $84.60 million for the quarter, compared to the consensus estimate of $81.58 million. During the same quarter in the previous year, the firm earned $0.04 EPS. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. Research analysts predict that MeridianLink will post -0.35 EPS for the current year.

Institutional Investors Weigh In On MeridianLink

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in MeridianLink by 2.4% in the 1st 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 last quarter. Keenan Capital LLC lifted its holdings in MeridianLink by 3.7% in the 2nd quarter. Keenan Capital LLC now owns 2,815,242 shares of the company's stock valued at $45,691,000 after acquiring an additional 100,502 shares during the last quarter. Park West Asset Management LLC lifted its holdings in MeridianLink by 9.6% in the 1st 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 last quarter. Victory Capital Management Inc. lifted its holdings in MeridianLink by 27.9% in the 1st 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 last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in MeridianLink by 12.2% in the 4th 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 last quarter. Institutional investors and hedge funds 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.

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