MeridianLink, Inc. (NYSE:MLNK) Receives $18.67 Average Price Target from Brokerages

MeridianLink, Inc. (NYSE:MLNK) has been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $18.67.

A number of research firms recently commented on MLNK. Wolfe Research upgraded shares of MeridianLink from an “underperform” rating to a “peer perform” rating in a report on Thursday, February 8th. 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. Citigroup cut their price target 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. Finally, William Blair restated an “outperform” rating on shares of MeridianLink in a report on Wednesday, March 6th.

MeridianLink Price Performance

Shares of NYSE:MLNK opened at $17.51 on Tuesday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.83. MeridianLink has a fifty-two week low of $13.62 and a fifty-two week high of $25.88. The firm has a 50-day simple moving average of $18.40 and a 200 day simple moving average of $19.76. The company has a market cap of $1.34 billion, a PE ratio of -32.42 and a beta of 0.91.

MeridianLink (NYSE:MLNK) last posted its earnings results on Tuesday, March 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.23). The firm had revenue of $74.60 million for the quarter, compared to analyst estimates of $74.61 million. MeridianLink had a negative net margin of 14.01% and a negative return on equity of 6.77%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.05) earnings per share. On average, sell-side analysts anticipate that MeridianLink will post -0.02 EPS for the current year.

Insiders Place Their Bets

In related news, Director Timothy Nguyen sold 1,657,246 shares of the company’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 completion of the sale, 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 SEC, which is available through this link. Insiders own 20.10% of the company’s stock.

Institutional Trading of MeridianLink

A number of hedge funds have recently bought and sold shares of MLNK. US Bancorp DE bought a new position in shares of MeridianLink during the 4th quarter worth about $25,000. UBS Group AG grew its position in shares of MeridianLink by 610.4% during the 3rd quarter. UBS Group AG now owns 1,705 shares of the company’s stock worth $28,000 after buying an additional 1,465 shares during the period. Ameritas Investment Partners Inc. grew its position in shares of MeridianLink by 81.3% during the 1st quarter. Ameritas Investment Partners Inc. now owns 1,759 shares of the company’s stock worth $32,000 after buying an additional 789 shares during the period. Tower Research Capital LLC TRC grew its holdings in MeridianLink by 261.8% during the third quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock valued at $37,000 after purchasing an additional 1,665 shares during the period. Finally, Ensign Peak Advisors Inc acquired a new position in MeridianLink during the third quarter valued at approximately $44,000. 82.65% of the stock is 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.