MeridianLink, Inc. (NYSE:MLNK) Receives Consensus Rating of “Reduce” from Brokerages

MeridianLink, Inc. (NYSE:MLNK) has been given an average rating of “Reduce” by the nine brokerages that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $20.0714.

A number of equities analysts have recently commented on MLNK shares. BTIG Research cut MeridianLink from a “strong-buy” rating to a “neutral” rating in a report on Monday, August 11th. Barclays boosted their price target on MeridianLink from $16.00 to $20.00 and gave the stock an “underweight” rating in a report on Tuesday, August 12th. Raymond James Financial cut MeridianLink from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of MeridianLink in a report on Saturday, September 27th. Finally, William Blair cut MeridianLink from an “outperform” rating to a “market perform” rating in a report on Monday, August 11th.

Hedge Funds Weigh In On MeridianLink

A number of institutional investors and hedge funds have recently bought and sold shares of MLNK. Raymond James Financial Inc. acquired a new position in MeridianLink in the 2nd quarter worth about $76,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in MeridianLink by 1,606.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,521 shares of the company’s stock worth $84,000 after purchasing an additional 4,256 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in MeridianLink by 271.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,275 shares of the company’s stock worth $151,000 after purchasing an additional 6,779 shares in the last quarter. New York State Common Retirement Fund increased its holdings in MeridianLink by 39.1% in the 1st quarter. New York State Common Retirement Fund now owns 9,257 shares of the company’s stock worth $172,000 after purchasing an additional 2,600 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new position in MeridianLink in the 1st quarter worth about $194,000. Institutional investors and hedge funds own 82.65% of the company’s stock.

MeridianLink Stock Performance

NYSE:MLNK opened at $19.97 on Wednesday. The stock has a fifty day moving average price of $19.28 and a 200-day moving average price of $17.68. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -68.84 and a beta of 0.92. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.01 and a current ratio of 2.01. MeridianLink has a fifty-two week low of $15.49 and a fifty-two week high of $25.22.

MeridianLink (NYSE:MLNK) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). MeridianLink had a negative return on equity of 4.50% and a negative net margin of 6.90%.The business had revenue of $84.60 million for the quarter, compared to analyst estimates of $81.58 million. During the same period last year, the firm posted $0.04 EPS. MeridianLink’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities analysts anticipate that MeridianLink will post -0.35 EPS for the current fiscal year.

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.