MeridianLink (NYSE:MLNK) Sets New 12-Month Low - Should You Sell?

MeridianLink, Inc. (NYSE:MLNK - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $15.55 and last traded at $15.56, with a volume of 75577 shares changing hands. The stock had previously closed at $16.01.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MLNK shares. Raymond James Financial dropped their price objective on shares of MeridianLink from $28.00 to $24.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Barclays dropped 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. Stifel Nicolaus cut their price target on MeridianLink from $20.00 to $18.00 and set a "hold" rating on the stock in a report on Tuesday, May 13th. UBS Group lowered their price objective on MeridianLink from $25.50 to $20.50 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Finally, Citigroup cut their target price on MeridianLink from $24.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $19.42.

MeridianLink Price Performance

The business has a fifty day moving average of $16.65 and a 200-day moving average of $18.54. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.22 and a current ratio of 2.22. The firm has a market capitalization of $1.26 billion, a P/E ratio of -42.84 and a beta of 0.93.

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

Institutional Trading of MeridianLink

A number of institutional investors have recently made changes to their positions in MLNK. Inspire Investing LLC bought a new stake in MeridianLink during the first quarter worth approximately $345,000. Jane Street Group LLC increased its position in shares of MeridianLink by 141.4% during the 1st quarter. Jane Street Group LLC now owns 45,504 shares of the company's stock valued at $843,000 after purchasing an additional 26,655 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of MeridianLink by 41.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 102,303 shares of the company's stock worth $1,896,000 after buying an additional 29,863 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of MeridianLink by 76.0% in 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 during the period. Finally, Goldman Sachs Group Inc. boosted its stake in MeridianLink by 72.2% during the first quarter. Goldman Sachs Group Inc. now owns 320,012 shares of the company's stock valued at $5,930,000 after buying an additional 134,146 shares in the last quarter. 82.65% of the stock is owned by institutional investors and hedge funds.

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.