MeridianLink (MLNK) Scheduled to Post Earnings on Tuesday

MeridianLink (NYSE:MLNK) will announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

MeridianLink (NYSE:MLNK) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($0.29) earnings per share 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 for the quarter, compared to analyst estimates of $74.61 million. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. The firm’s revenue for the quarter 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 Trading Up 0.9 %

MeridianLink stock opened at $17.23 on Friday. The stock has a 50-day simple moving average of $18.02 and a 200 day simple moving average of $19.78. The stock has a market capitalization of $1.32 billion, a P/E ratio of -31.91 and a beta of 0.95. 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 52 week low of $14.89 and a 52 week high of $25.88.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MLNK. William Blair reissued an “outperform” rating on shares of MeridianLink in a report on Wednesday, March 6th. Barclays cut 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. Citigroup decreased their target price on MeridianLink from $23.50 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Stifel Nicolaus reduced their price target on MeridianLink from $20.00 to $18.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th. Finally, Wolfe Research raised MeridianLink from an “underperform” rating to a “peer perform” rating in a report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.60.

Insider Activity at MeridianLink

In other MeridianLink news, Director Timothy Nguyen sold 1,657,246 shares of MeridianLink stock in a transaction on Friday, February 9th. The stock was sold at an average price of $18.29, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 20.10% of the stock is currently owned by corporate insiders.

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.