MeridianLink (MLNK) Set to Announce Quarterly Earnings on Tuesday

MeridianLink (NYSE:MLNK) will be issuing its quarterly earnings data 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 participating in the company’s earnings conference call can do so using this link.

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). The business had revenue of $74.60 million for the quarter, compared to analysts’ expectations of $74.61 million. MeridianLink had a negative return on equity of 6.77% and a negative net margin of 14.01%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the business earned ($0.05) EPS. On average, analysts expect MeridianLink to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

MeridianLink Stock Performance

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

Insider Activity at MeridianLink

In other MeridianLink news, Director Timothy Nguyen sold 1,657,246 shares of the stock in a transaction that occurred 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 directly owns 1,014,526 shares in the company, valued at approximately $18,555,680.54. The transaction was disclosed in a document filed with the SEC, which is available through this link. 20.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MLNK has been the subject of a number of analyst reports. Wolfe Research raised MeridianLink from an “underperform” rating to a “peer perform” rating in a report on Thursday, February 8th. 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. Barclays reduced 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. Stifel Nicolaus cut 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. Finally, William Blair restated an “outperform” rating on shares of MeridianLink in a research report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $19.60.

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.