MeridianLink, Inc. (NYSE:MLNK) Receives $20.07 Average Target Price from Analysts

Shares of MeridianLink, Inc. (NYSE:MLNK) have been given an average recommendation of “Reduce” by the nine research firms that are presently covering the company, MarketBeat.com 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 target price among analysts that have covered the stock in the last year is $20.0714.

Several research analysts have weighed in on MLNK shares. William Blair lowered shares of MeridianLink from an “outperform” rating to a “market perform” rating in a report on Monday, August 11th. Barclays raised their price objective on shares of MeridianLink from $16.00 to $20.00 and gave the stock an “underweight” rating in a report on Tuesday, August 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of MeridianLink in a report on Wednesday. Raymond James Financial lowered shares of MeridianLink from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 12th. Finally, BTIG Research lowered shares of MeridianLink from a “strong-buy” rating to a “neutral” rating in a report on Monday, August 11th.

MeridianLink Price Performance

Shares of MLNK stock opened at $19.98 on Wednesday. The firm has a market cap of $1.48 billion, a P/E ratio of -68.90 and a beta of 0.92. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.01 and a quick ratio of 2.01. MeridianLink has a 1-year low of $15.49 and a 1-year high of $25.22. The firm has a fifty day moving average of $19.52 and a two-hundred day moving average of $17.70.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of 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 valued at $84,000 after buying an additional 4,256 shares during the period. Raymond James Financial Inc. acquired a new position in shares of MeridianLink in the 2nd quarter valued at about $76,000. New York State Common Retirement Fund boosted its holdings in shares of MeridianLink by 39.1% in the 1st quarter. New York State Common Retirement Fund now owns 9,257 shares of the company’s stock valued at $172,000 after buying an additional 2,600 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of MeridianLink by 271.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,275 shares of the company’s stock valued at $151,000 after buying an additional 6,779 shares during the period. Finally, Millennium Management LLC bought a new stake in MeridianLink in the 4th quarter valued at about $201,000. 82.65% of the stock is 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.