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

MeridianLink, Inc. (NYSE:MLNK) has received a consensus rating of “Reduce” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $20.0714.

Several research analysts have weighed in on the company. Raymond James Financial downgraded MeridianLink from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 12th. Barclays boosted their price target on MeridianLink from $16.00 to $20.00 and gave the company an “underweight” rating in a report on Tuesday, August 12th. William Blair downgraded MeridianLink from an “outperform” rating to a “market perform” rating in a report on Monday, August 11th. Finally, BTIG Research downgraded MeridianLink from a “strong-buy” rating to a “neutral” rating in a report on Monday, August 11th.

MeridianLink Price Performance

MLNK stock opened at $19.92 on Friday. MeridianLink has a 1 year low of $15.49 and a 1 year high of $25.33. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.01 and a current ratio of 2.01. The stock’s 50 day moving average price is $18.12 and its 200 day moving average price is $17.59. The firm has a market cap of $1.48 billion, a P/E ratio of -68.67 and a beta of 0.93.

MeridianLink (NYSE:MLNK) last posted its earnings results on Monday, August 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). The company had revenue of $84.60 million during the quarter, compared to analysts’ expectations of $81.58 million. MeridianLink had a negative net margin of 6.90% and a negative return on equity of 4.50%. MeridianLink’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.04 EPS. On average, sell-side analysts expect that MeridianLink will post -0.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of MeridianLink by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 3,343,896 shares of the company’s stock worth $61,962,000 after buying an additional 77,873 shares during the last quarter. Keenan Capital LLC increased its holdings in MeridianLink by 3.7% in the 2nd quarter. Keenan Capital LLC now owns 2,815,242 shares of the company’s stock valued at $45,691,000 after purchasing an additional 100,502 shares in the last quarter. Park West Asset Management LLC grew its stake in shares of MeridianLink by 9.6% during the first quarter. Park West Asset Management LLC now owns 2,599,087 shares of the company’s stock valued at $48,161,000 after acquiring an additional 227,969 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of MeridianLink by 27.9% during the first quarter. Victory Capital Management Inc. now owns 1,824,395 shares of the company’s stock valued at $33,806,000 after acquiring an additional 397,730 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of MeridianLink by 7.4% during the first quarter. Northern Trust Corp now owns 516,519 shares of the company’s stock valued at $9,571,000 after acquiring an additional 35,692 shares in the last quarter. 82.65% of the stock is currently owned by institutional investors and hedge funds.

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.