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

Shares of MeridianLink, Inc. (NYSE:MLNK - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $19.42.

A number of research firms recently weighed in on MLNK. Barclays decreased their target price on shares of MeridianLink from $19.00 to $16.00 and set an "underweight" rating for the company in a research report on Monday, April 14th. Stifel Nicolaus decreased their target price 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.

MeridianLink Trading Up 1.1%

MLNK traded up $0.18 during mid-day trading on Friday, hitting $16.70. The stock had a trading volume of 142,751 shares, compared to its average volume of 262,405. The stock's fifty day simple moving average is $16.53 and its 200-day simple moving average is $17.73. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.22 and a quick ratio of 2.22. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of -43.95 and a beta of 0.91. MeridianLink has a 1-year low of $15.49 and a 1-year high of $25.33.

MeridianLink (NYSE:MLNK - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.02). The company had revenue of $81.49 million for the quarter, compared to analyst estimates of $80.47 million. MeridianLink had a negative return on equity of 5.14% and a negative net margin of 9.11%. The company's revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 earnings per share. As a group, research analysts forecast that MeridianLink will post -0.35 EPS for the current fiscal year.

Institutional Trading of MeridianLink

Several hedge funds and other institutional investors have recently bought and sold shares of MLNK. Russell Investments Group Ltd. raised its position in shares of MeridianLink by 5.0% in the 4th quarter. Russell Investments Group Ltd. now owns 16,704 shares of the company's stock valued at $345,000 after buying an additional 802 shares in the last quarter. Summit Investment Advisors Inc. increased its position in MeridianLink by 32.0% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company's stock worth $71,000 after purchasing an additional 830 shares in the last quarter. Legal & General Group Plc increased its position in MeridianLink by 3.3% during the 4th quarter. Legal & General Group Plc now owns 30,905 shares of the company's stock worth $638,000 after purchasing an additional 987 shares in the last quarter. Corebridge Financial Inc. increased its position in MeridianLink by 12.8% during the 4th quarter. Corebridge Financial Inc. now owns 16,260 shares of the company's stock worth $336,000 after purchasing an additional 1,839 shares in the last quarter. Finally, State of Wyoming increased its position in MeridianLink by 7.1% during the 1st quarter. State of Wyoming now owns 28,930 shares of the company's stock worth $536,000 after purchasing an additional 1,915 shares in 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.