MeridianLink, Inc. (NYSE:MLNK) Given Average Recommendation of “Buy” by Analysts

Shares of MeridianLink, Inc. (NYSE:MLNK – Get Rating) have been given an average recommendation of “Buy” by the eleven analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $25.40.

MLNK has been the topic of several recent analyst reports. Zacks Investment Research upgraded MeridianLink from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Wednesday, May 11th. Credit Suisse Group decreased their price target on MeridianLink to $19.00 and set a “na” rating on the stock in a research note on Monday, May 16th. BTIG Research reissued a “buy” rating and set a $28.00 price target on shares of MeridianLink in a research note on Friday, May 13th. Citigroup decreased their price target on MeridianLink to $18.00 and set a “na” rating on the stock in a research note on Monday, May 16th. Finally, Raymond James decreased their price target on MeridianLink from $35.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, March 11th.

Shares of MLNK stock opened at $17.89 on Wednesday. The stock has a market capitalization of $1.44 billion and a PE ratio of -55.91. MeridianLink has a 52-week low of $13.81 and a 52-week high of $29.00. The stock’s 50-day moving average price is $17.60 and its 200 day moving average price is $19.25. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.75.

MeridianLink (NYSE:MLNK – Get Rating) last issued its quarterly earnings results on Thursday, May 12th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.13. MeridianLink had a negative return on equity of 1.56% and a negative net margin of 3.58%. The firm had revenue of $72.75 million for the quarter, compared to analysts’ expectations of $68.79 million. During the same quarter in the previous year, the firm posted $0.17 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. Analysts expect that MeridianLink will post 0.2 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in MeridianLink by 33.8% in the 1st quarter. Vanguard Group Inc. now owns 1,477,975 shares of the company’s stock valued at $26,752,000 after acquiring an additional 373,637 shares during the last quarter. BlackRock Inc. increased its holdings in shares of MeridianLink by 51.6% during the 1st quarter. BlackRock Inc. now owns 1,170,595 shares of the company’s stock worth $21,187,000 after buying an additional 398,326 shares during the last quarter. Northern Trust Corp increased its holdings in shares of MeridianLink by 127.0% during the 1st quarter. Northern Trust Corp now owns 287,719 shares of the company’s stock worth $5,208,000 after buying an additional 160,991 shares during the last quarter. State Street Corp increased its holdings in MeridianLink by 32.7% in the 1st quarter. State Street Corp now owns 266,319 shares of the company’s stock valued at $4,820,000 after purchasing an additional 65,575 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in MeridianLink by 26.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 119,003 shares of the company’s stock valued at $2,154,000 after purchasing an additional 24,644 shares in the last quarter. Institutional investors own 70.83% of the company’s stock.

About MeridianLink (Get Rating)

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 Consumer, a consumer lending and account opening platform; MeridianLink Opening, an online account opening software that unifies deposit account opening and funding for various channels and products; and MeridianLink DecisionLender, a loan origination software (LOS) for finance companies.

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