MeridianLink (NYSE:MLNK - Get Free Report) was downgraded by research analysts at William Blair from a "strong-buy" rating to a "market perform" rating in a research note issued to investors on Monday, Marketbeat.com reports.
Several other equities analysts have also recently issued reports on the stock. Stifel Nicolaus reduced 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 reduced 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. Finally, BTIG Research raised shares of MeridianLink to a "strong-buy" rating and set a $20.00 price objective on the stock in a research note on Friday, August 1st. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $20.07.
Get Our Latest Stock Analysis on MLNK
MeridianLink Trading Up 0.0%
Shares of MLNK stock traded up $0.01 during mid-day trading on Monday, reaching $19.79. The stock had a trading volume of 1,234,746 shares, compared to its average volume of 380,544. The stock's 50-day moving average price is $16.56 and its two-hundred day moving average price is $17.47. MeridianLink has a 52-week low of $15.49 and a 52-week high of $25.33. The firm has a market capitalization of $1.53 billion, a PE ratio of -52.07 and a beta of 0.91. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 1.07.
MeridianLink (NYSE:MLNK - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.13). MeridianLink had a negative net margin of 9.11% and a negative return on equity of 5.14%. The company had revenue of $84.60 million for the quarter, compared to analysts' expectations of $81.58 million. During the same quarter in the prior year, the firm earned $0.04 EPS. MeridianLink's quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts expect that MeridianLink will post -0.35 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers raised its holdings in shares of MeridianLink by 4.4% during the second quarter. Rhumbline Advisers now owns 48,582 shares of the company's stock valued at $788,000 after purchasing an additional 2,060 shares during the last quarter. CenterBook Partners LP increased its holdings in MeridianLink by 23.7% during the second quarter. CenterBook Partners LP now owns 346,956 shares of the company's stock valued at $5,631,000 after buying an additional 66,436 shares during the last quarter. Legal & General Group Plc increased its holdings in MeridianLink by 10.8% during the second quarter. Legal & General Group Plc now owns 34,236 shares of the company's stock valued at $556,000 after buying an additional 3,341 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in MeridianLink by 31.6% during the second quarter. JPMorgan Chase & Co. now owns 114,773 shares of the company's stock valued at $1,863,000 after buying an additional 27,562 shares during the last quarter. Finally, Intech Investment Management LLC increased its holdings in MeridianLink by 12.2% during the second quarter. Intech Investment Management LLC now owns 16,192 shares of the company's stock valued at $263,000 after buying an additional 1,766 shares during the last quarter. 82.65% of the stock is owned by hedge funds and other institutional investors.
About MeridianLink
(
Get Free Report)
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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