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

Shares of MeridianLink, Inc. (NYSE:MLNK) have been assigned a consensus rating of “Hold” from the eight research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $18.67.

A number of analysts have weighed in on MLNK shares. Barclays cut their target price on shares of MeridianLink from $23.00 to $20.00 and set an “underweight” rating on the stock in a research report on Thursday, March 7th. Citigroup dropped their price target on shares of MeridianLink from $23.50 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. Stifel Nicolaus lowered their target price on shares of MeridianLink from $20.00 to $18.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th. William Blair reaffirmed an “outperform” rating on shares of MeridianLink in a research note on Wednesday, March 6th. Finally, Wolfe Research raised shares of MeridianLink from an “underperform” rating to a “peer perform” rating in a research note on Thursday, February 8th.

MeridianLink Stock Down 1.8 %

Shares of MLNK opened at $16.82 on Tuesday. MeridianLink has a 12 month low of $13.62 and a 12 month high of $25.88. The firm’s 50 day moving average is $18.56 and its 200-day moving average is $19.80. The stock has a market capitalization of $1.28 billion, a PE ratio of -31.15 and a beta of 0.92. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.83.

MeridianLink (NYSE:MLNK) last posted its quarterly 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 for the quarter, compared to analyst estimates of $74.61 million. During the same quarter in the prior year, the business posted ($0.05) EPS. The business’s revenue was up 5.8% on a year-over-year basis. Equities research analysts forecast that MeridianLink will post -0.02 EPS for the current year.

Insider Buying and Selling at MeridianLink

In other MeridianLink news, Director Timothy Nguyen sold 1,657,246 shares of the 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 owns 1,014,526 shares of the company’s stock, valued at approximately $18,555,680.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 20.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. US Bancorp DE bought a new stake in MeridianLink during the 4th quarter valued at about $25,000. UBS Group AG boosted its holdings in shares of MeridianLink by 610.4% in the third 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 last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of MeridianLink by 81.3% in the first 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 last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of MeridianLink by 261.8% in the third quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock worth $37,000 after buying an additional 1,665 shares during the last quarter. Finally, Ensign Peak Advisors Inc purchased a new position in shares of MeridianLink in the third quarter worth approximately $44,000. 82.65% of the stock is currently owned by institutional investors.

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.