MeridianLink (MLNK) Set to Announce Quarterly Earnings on Tuesday

MeridianLink (NYSE:MLNK - Get Free Report) is set to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.

MeridianLink (NYSE:MLNK - Get Free Report) last posted its earnings results on Tuesday, March 5th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.23). MeridianLink had a negative return on equity of 6.77% and a negative net margin of 14.01%. The business had revenue of $74.60 million for the quarter, compared to the consensus estimate of $74.61 million. During the same period in the previous year, the firm earned ($0.05) earnings per share. The company's revenue was up 5.8% on a year-over-year basis. On average, analysts expect MeridianLink to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

MeridianLink Stock Down 2.5 %

NYSE MLNK traded down $0.43 during trading hours on Tuesday, hitting $16.69. The company's stock had a trading volume of 203,525 shares, compared to its average volume of 222,515. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.83. The company's 50-day simple moving average is $18.13 and its two-hundred day simple moving average is $19.81. The company has a market capitalization of $1.28 billion, a PE ratio of -30.91 and a beta of 0.92. MeridianLink has a 52 week low of $13.62 and a 52 week high of $25.88.

Insiders Place Their Bets

In other news, Director Timothy Nguyen sold 1,657,246 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $18.29, for a total transaction of $30,311,029.34. Following the completion of the transaction, the director now directly owns 1,014,526 shares of the company's stock, valued at approximately $18,555,680.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 20.10% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on MLNK. Wolfe Research raised MeridianLink from an "underperform" rating to a "peer perform" rating in a research report on Thursday, February 8th. Citigroup reduced their target price on shares of MeridianLink from $23.50 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, March 6th. William Blair reissued an "outperform" rating on shares of MeridianLink in a research report on Wednesday, March 6th. Barclays reduced their price objective on shares of MeridianLink from $23.00 to $20.00 and set an "underweight" rating for the company in a research report on Thursday, March 7th. Finally, Stifel Nicolaus dropped their target price on shares of MeridianLink from $20.00 to $18.00 and set a "hold" rating on the stock in a research report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $19.60.

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.