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

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

Analyst Upgrades and Downgrades

MLNK has been the topic of a number of recent analyst reports. 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. Citigroup cut their price target on shares of MeridianLink from $24.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Raymond James Financial cut their target price on shares of MeridianLink from $28.00 to $24.00 and set an "outperform" rating for the company in a research note on Friday, March 7th. UBS Group decreased their price objective on MeridianLink from $25.50 to $20.50 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Finally, Stifel Nicolaus reduced 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $19.42.

MeridianLink Stock Performance

The firm's 50 day moving average price is $16.67 and its two-hundred day moving average price is $18.65. 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 cap of $1.21 billion, a PE ratio of -41.22 and a beta of 0.93.

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

Institutional Trading of MeridianLink

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. acquired a new stake in shares of MeridianLink in the 4th quarter worth $29,461,000. Western Standard LLC purchased a new position in MeridianLink in the fourth quarter worth $7,223,000. Vanguard Group Inc. increased its holdings in shares of MeridianLink by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 3,266,023 shares of the company's stock valued at $67,443,000 after purchasing an additional 310,228 shares in the last quarter. Select Equity Group L.P. lifted its stake in shares of MeridianLink by 541.3% in the first quarter. Select Equity Group L.P. now owns 307,322 shares of the company's stock valued at $5,695,000 after purchasing an additional 259,400 shares during the period. Finally, Park West Asset Management LLC boosted its holdings in MeridianLink by 9.6% during the first quarter. Park West Asset Management LLC now owns 2,599,087 shares of the company's stock worth $48,161,000 after buying an additional 227,969 shares in the last quarter. 82.65% of the stock is owned by hedge funds and other institutional investors.

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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