Zacks Research Brokers Raise Earnings Estimates for Meridian

Meridian Holdings Inc. (NASDAQ:MRDN) – Investment analysts at Zacks Research raised their Q3 2026 earnings per share estimates for shares of Meridian in a report issued on Thursday, July 30th. Zacks Research analyst M. Marin now forecasts that the company will post earnings per share of $0.14 for the quarter, up from their previous estimate of $0.07. The consensus estimate for Meridian’s current full-year earnings is $0.66 per share. Zacks Research also issued estimates for Meridian’s Q4 2026 earnings at $0.17 EPS and FY2026 earnings at $0.66 EPS.

Other equities research analysts also recently issued reports about the stock. Wall Street Zen raised shares of Meridian to a “strong-buy” rating in a research report on Saturday, May 9th. Weiss Ratings raised shares of Meridian from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell” and an average price target of $21.60.

Meridian Stock Performance

Shares of MRDN stock opened at $13.96 on Monday. The firm has a 50-day moving average price of $13.13. Meridian has a one year low of $5.80 and a one year high of $19.44. The stock has a market capitalization of $176.87 million, a P/E ratio of -2.07 and a beta of 0.65.

Meridian (NASDAQ:MRDN) last posted its earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.10. Meridian had a negative net margin of 41.41% and a negative return on equity of 117.87%. The firm had revenue of $50.19 million during the quarter.

Institutional Trading of Meridian

A number of large investors have recently added to or reduced their stakes in the stock. Marex Group plc bought a new stake in Meridian in the second quarter worth about $26,000. Virtu Financial LLC bought a new position in shares of Meridian during the 3rd quarter valued at approximately $33,000. Marshall Wace LLP purchased a new stake in shares of Meridian during the 2nd quarter worth approximately $57,000. Topline Capital Management LLC purchased a new stake in shares of Meridian during the 2nd quarter worth approximately $90,000. Finally, Continuum Advisory LLC raised its holdings in shares of Meridian by 375.0% in the 4th quarter. Continuum Advisory LLC now owns 57,000 shares of the company’s stock worth $46,000 after purchasing an additional 45,000 shares during the period. Hedge funds and other institutional investors own 2.74% of the company’s stock.

Insider Activity

In other news, CEO Anthony Brian Goodman sold 5,500 shares of Meridian stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $13.73, for a total transaction of $75,515.00. Following the sale, the chief executive officer directly owned 429,313 shares in the company, valued at $5,894,467.49. The trade was a 1.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 57,346 shares of company stock worth $727,622. Company insiders own 24.00% of the company’s stock.

Meridian Company Profile

Meridian Holdings Inc is engaged in the online gaming and betting business, providing sports betting, online casino, and gaming operations across multiple jurisdictions in Europe, Africa, and Central and South America. The company has three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. The MeridianBet Group segment includes retail and online sports betting, casinos, and related gaming operations. The GMAG segment focuses on the resale of third-party gaming content, mainly serving customers in the Asia-Pacific region.