MeridianLink, Inc. (NYSE:MLNK) Given Average Rating of “Hold” by Brokerages

MeridianLink, Inc. (NYSE:MLNK) has received a consensus rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $18.67.

Several research analysts have recently issued reports on the stock. Citigroup cut their target price on shares of MeridianLink from $23.50 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Barclays cut their price target on shares of MeridianLink from $23.00 to $20.00 and set an “underweight” rating on the stock in a report on Thursday, March 7th. Stifel Nicolaus cut their price target on shares of MeridianLink from $20.00 to $18.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Wolfe Research upgraded shares of MeridianLink from an “underperform” rating to a “peer perform” rating in a report on Thursday, February 8th. Finally, William Blair reiterated an “outperform” rating on shares of MeridianLink in a report on Wednesday, March 6th.

MeridianLink Trading Down 1.8 %

MLNK stock opened at $16.82 on Tuesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.23 and a current ratio of 2.23. MeridianLink has a one year low of $13.62 and a one year high of $25.88. The company has a market capitalization of $1.28 billion, a PE ratio of -31.15 and a beta of 0.92. The company’s 50 day moving average price is $18.56 and its two-hundred day moving average price is $19.80.

MeridianLink (NYSE:MLNK) last issued its earnings results on Tuesday, March 5th. The company reported ($0.29) earnings per share (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 firm had revenue of $74.60 million during the quarter, compared to the consensus estimate of $74.61 million. During the same quarter in the prior year, the business posted ($0.05) EPS. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, analysts predict that MeridianLink will post -0.02 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Timothy Nguyen sold 1,657,246 shares of the business’s stock in a transaction 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 sale, the director now owns 1,014,526 shares in the company, valued at approximately $18,555,680.54. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 20.10% of the company’s stock.

Institutional Trading of MeridianLink

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of MeridianLink by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,075,359 shares of the company’s stock worth $51,407,000 after purchasing an additional 23,913 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of MeridianLink by 45.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 22,802 shares of the company’s stock worth $565,000 after purchasing an additional 7,107 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of MeridianLink in the 4th quarter worth about $593,000. Barclays PLC raised its position in shares of MeridianLink by 321.3% in the 4th quarter. Barclays PLC now owns 40,775 shares of the company’s stock worth $1,010,000 after purchasing an additional 31,096 shares during the last quarter. Finally, Royal Bank of Canada raised its position in shares of MeridianLink by 141.9% in the 4th quarter. Royal Bank of Canada now owns 8,870 shares of the company’s stock worth $220,000 after purchasing an additional 5,203 shares during the last quarter. Institutional investors own 82.65% of the company’s stock.

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.