MeridianLink (NYSE:MLNK) Releases Earnings Results, Misses Estimates By $0.02 EPS

MeridianLink (NYSE:MLNK - Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.02), Briefing.com reports. The business 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 9.57% and a negative net margin of 16.57%. The company's revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 EPS. MeridianLink updated its FY 2025 guidance to EPS.

MeridianLink Price Performance

MeridianLink stock traded down $0.17 during mid-day trading on Friday, hitting $17.08. The company's stock had a trading volume of 184,091 shares, compared to its average volume of 279,548. The stock has a market capitalization of $1.32 billion, a P/E ratio of -25.49 and a beta of 0.97. MeridianLink has a twelve month low of $15.57 and a twelve month high of $25.33. The stock's fifty day moving average price is $17.52 and its two-hundred day moving average price is $19.70. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11.

Wall Street Analysts Forecast Growth

MLNK has been the topic of several research analyst reports. UBS Group lowered their target price on shares of MeridianLink from $25.50 to $20.50 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Raymond James decreased their price objective on shares of MeridianLink from $28.00 to $24.00 and set an "outperform" rating for the company in a report on Friday, March 7th. Bank of America cut MeridianLink from a "buy" rating to an "underperform" rating and dropped their target price for the stock from $28.00 to $18.00 in a report on Thursday, January 30th. Citigroup decreased their price target on MeridianLink from $24.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Finally, Barclays lowered their price target on MeridianLink from $19.00 to $16.00 and set an "underweight" rating on the stock in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $19.42.

Institutional Investors Weigh In On MeridianLink

Large investors have recently modified their holdings of the stock. AQR Capital Management LLC purchased a new stake in shares of MeridianLink during the first quarter valued at $194,000. Woodline Partners LP lifted its stake in MeridianLink by 76.0% during the first quarter. Woodline Partners LP now owns 18,625 shares of the company's stock valued at $345,000 after buying an additional 8,041 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of MeridianLink by 72.2% in the first quarter. Goldman Sachs Group Inc. now owns 320,012 shares of the company's stock worth $5,930,000 after buying an additional 134,146 shares during the period. 82.65% of the stock is owned by institutional investors.

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.