MeridianLink, Inc. (NYSE:MLNK) Receives Consensus Rating of "Reduce" from Brokerages

Key Points

• MeridianLink, Inc. has received a consensus rating of "Reduce" from nine brokerages, with three analysts recommending a sell and six a hold rating.
• The stock's average one-year target price among analysts is $20.07, and it opened at $19.97 recently.
• Despite a revenue increase of 7.5% year-over-year, MeridianLink reported a loss of ($0.04) EPS for the latest quarter, missing consensus estimates.

MeridianLink, Inc. (NYSE:MLNK - Get Free Report) has been given an average rating of "Reduce" by the nine brokerages that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $20.0714.

A number of equities analysts have recently commented on MLNK shares. BTIG Research cut MeridianLink from a "strong-buy" rating to a "neutral" rating in a report on Monday, August 11th. Barclays boosted their price target on MeridianLink from $16.00 to $20.00 and gave the stock an "underweight" rating in a report on Tuesday, August 12th. Raymond James Financial cut MeridianLink from a "moderate buy" rating to a "hold" rating in a report on Tuesday, August 12th. Weiss Ratings reissued a "sell (d-)" rating on shares of MeridianLink in a report on Saturday, September 27th. Finally, William Blair cut MeridianLink from an "outperform" rating to a "market perform" rating in a report on Monday, August 11th.

Hedge Funds Weigh In On MeridianLink

A number of institutional investors and hedge funds have recently bought and sold shares of MLNK. Raymond James Financial Inc. acquired a new position in MeridianLink in the 2nd quarter worth about $76,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in MeridianLink by 1,606.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,521 shares of the company's stock worth $84,000 after purchasing an additional 4,256 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in MeridianLink by 271.6% in the 2nd 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. New York State Common Retirement Fund increased its holdings in MeridianLink by 39.1% in the 1st quarter. New York State Common Retirement Fund now owns 9,257 shares of the company's stock worth $172,000 after purchasing an additional 2,600 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new position in MeridianLink in the 1st quarter worth about $194,000. Institutional investors and hedge funds own 82.65% of the company's stock.

MeridianLink Stock Performance

NYSE:MLNK opened at $19.97 on Wednesday. The stock has a fifty day moving average price of $19.28 and a 200-day moving average price of $17.68. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -68.84 and a beta of 0.92. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.01 and a current ratio of 2.01. MeridianLink has a fifty-two week low of $15.49 and a fifty-two week high of $25.22.

MeridianLink (NYSE:MLNK - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.04) 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 business had revenue of $84.60 million for the quarter, compared to analyst estimates of $81.58 million. During the same period last year, the firm posted $0.04 EPS. MeridianLink's quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities analysts anticipate that MeridianLink will post -0.35 EPS 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.

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