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

Shares of MeridianLink, Inc. (NYSE:MLNK) have received an average rating of “Reduce” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $20.0714.

MLNK has been the topic of several research reports. Barclays upped their target price on MeridianLink from $16.00 to $20.00 and gave the company an “underweight” rating in a research report on Tuesday, August 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of MeridianLink in a research report on Wednesday, October 8th. William Blair downgraded MeridianLink from an “outperform” rating to a “market perform” rating in a research report on Monday, August 11th. Raymond James Financial downgraded MeridianLink from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 12th. Finally, BTIG Research downgraded MeridianLink from a “strong-buy” rating to a “neutral” rating in a research report on Monday, August 11th.

Institutional Investors Weigh In On MeridianLink

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in 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 purchasing an additional 77,873 shares during the period. Keenan Capital LLC grew its position in MeridianLink by 3.7% during the 2nd quarter. Keenan Capital LLC now owns 2,815,242 shares of the company’s stock worth $45,691,000 after purchasing an additional 100,502 shares during the period. Park West Asset Management LLC grew its position in MeridianLink by 9.6% during the 1st quarter. Park West Asset Management LLC now owns 2,599,087 shares of the company’s stock worth $48,161,000 after purchasing an additional 227,969 shares during the period. Victory Capital Management Inc. grew its position in MeridianLink by 27.9% during the 1st quarter. Victory Capital Management Inc. now owns 1,824,395 shares of the company’s stock worth $33,806,000 after purchasing an additional 397,730 shares during the period. Finally, Northern Trust Corp grew its position in MeridianLink by 7.4% during the 1st quarter. Northern Trust Corp now owns 516,519 shares of the company’s stock worth $9,571,000 after purchasing an additional 35,692 shares during the period. 82.65% of the stock is owned by institutional investors and hedge funds.

MeridianLink Price Performance

NYSE MLNK opened at $20.02 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.01 and a quick ratio of 2.01. The stock’s fifty day moving average price is $19.96 and its 200 day moving average price is $17.98. MeridianLink has a 1 year low of $15.49 and a 1 year high of $25.22. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -69.03 and a beta of 0.92.

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

MeridianLink Company Profile

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.