MeridianLink (NYSE:MLNK) Stock Price Up 2.9%

MeridianLink, Inc. (NYSE:MLNK - Get Free Report) shares shot up 2.9% on Tuesday . The company traded as high as $19.52 and last traded at $19.39. 83,759 shares were traded during mid-day trading, a decline of 61% from the average session volume of 217,433 shares. The stock had previously closed at $18.85.

Analysts Set New Price Targets

MLNK has been the topic of several recent analyst reports. Wolfe Research upgraded MeridianLink from an "underperform" rating to a "peer perform" rating in a report on Thursday, February 8th. William Blair reissued an "outperform" rating on shares of MeridianLink in a research note on Wednesday, March 6th. Barclays decreased their target price on MeridianLink from $23.00 to $20.00 and set an "underweight" rating for the company in a research report on Thursday, March 7th. Stifel Nicolaus dropped their price target on MeridianLink from $20.00 to $18.00 and set a "hold" rating on the stock in a research report on Wednesday, March 6th. Finally, Citigroup decreased their price objective on MeridianLink from $23.50 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $19.60.

MeridianLink Trading Up 0.9 %

The company has a fifty day moving average of $17.75 and a 200-day moving average of $19.89. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market capitalization of $1.46 billion, a PE ratio of -35.23 and a beta of 0.95.

MeridianLink (NYSE:MLNK - Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). MeridianLink had a negative net margin of 13.86% and a negative return on equity of 6.72%. The firm had revenue of $77.82 million for the quarter, compared to analyst estimates of $76.79 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. The firm's quarterly revenue was up .9% compared to the same quarter last year. On average, sell-side analysts anticipate that MeridianLink, Inc. will post -0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MeridianLink

A number of large investors have recently bought and sold shares of MLNK. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of MeridianLink by 196.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,416 shares of the company's stock valued at $75,000 after purchasing an additional 2,926 shares during the period. SG Americas Securities LLC lifted its position in MeridianLink by 26.6% during the 4th quarter. SG Americas Securities LLC now owns 7,983 shares of the company's stock worth $198,000 after acquiring an additional 1,679 shares during the last quarter. Jump Financial LLC bought a new stake in MeridianLink during the fourth quarter valued at about $230,000. Barclays PLC grew its position in shares of MeridianLink by 9.2% in the third quarter. Barclays PLC now owns 9,679 shares of the company's stock valued at $165,000 after purchasing an additional 815 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of MeridianLink in the fourth quarter worth about $302,000. 82.65% of the stock is currently 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.