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

MeridianLink, Inc. (NYSE:MLNK) has been assigned an average rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $18.67.

A number of equities research analysts have recently weighed in on the stock. Citigroup dropped their price objective on shares of MeridianLink from $23.50 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Barclays dropped their price target on MeridianLink from $23.00 to $20.00 and set an “underweight” rating on the stock in a research note on Thursday, March 7th. William Blair restated an “outperform” rating on shares of MeridianLink in a research note on Wednesday, March 6th. Stifel Nicolaus cut their price target on shares of MeridianLink from $20.00 to $18.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Finally, Wolfe Research upgraded shares of MeridianLink from an “underperform” rating to a “peer perform” rating in a research note on Thursday, February 8th.

Insiders Place Their Bets

In other news, Director Timothy Nguyen sold 1,657,246 shares of MeridianLink stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $18.29, for a total transaction of $30,311,029.34. Following the completion of the transaction, the director now directly owns 1,014,526 shares of the company’s stock, valued at approximately $18,555,680.54. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other MeridianLink news, Director Timothy Nguyen sold 1,657,246 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $18.29, for a total value of $30,311,029.34. Following the completion of the transaction, the director now owns 1,014,526 shares in the company, valued at $18,555,680.54. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Sean W. Blitchok sold 4,388 shares of the firm’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $22.74, for a total value of $99,783.12. Following the sale, the chief financial officer now owns 408,094 shares in the company, valued at $9,280,057.56. The disclosure for this sale can be found here. Insiders own 20.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MLNK. US Bancorp DE acquired a new position in MeridianLink during the fourth quarter worth $25,000. UBS Group AG raised its position in shares of MeridianLink by 610.4% during the 3rd quarter. UBS Group AG now owns 1,705 shares of the company’s stock worth $28,000 after purchasing an additional 1,465 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in MeridianLink by 81.3% in the 1st quarter. Ameritas Investment Partners Inc. now owns 1,759 shares of the company’s stock valued at $32,000 after buying an additional 789 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in MeridianLink by 261.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock worth $37,000 after buying an additional 1,665 shares during the last quarter. Finally, Ensign Peak Advisors Inc purchased a new stake in MeridianLink during the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 82.65% of the company’s stock.

MeridianLink Trading Up 2.6 %

Shares of NYSE:MLNK opened at $18.70 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.23 and a quick ratio of 2.23. The firm has a market capitalization of $1.43 billion, a P/E ratio of -34.63 and a beta of 0.92. The business’s 50-day moving average is $19.76 and its 200 day moving average is $19.65. MeridianLink has a 1 year low of $13.62 and a 1 year high of $25.88.

MeridianLink (NYSE:MLNK) last announced its quarterly earnings data on Tuesday, March 5th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.23). The company had revenue of $74.60 million during the quarter, compared to analysts’ expectations of $74.61 million. MeridianLink had a negative net margin of 14.01% and a negative return on equity of 6.77%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.05) earnings per share. On average, research analysts predict that MeridianLink will post -0.02 earnings per share 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.