MeridianLink (NYSE:MLNK) Announces Quarterly Earnings Results

MeridianLink (NYSE:MLNK) announced its earnings results on Tuesday. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01), Briefing.com reports. The company had revenue of $77.82 million for the quarter, compared to the consensus estimate of $76.79 million. MeridianLink had a negative net margin of 14.01% and a negative return on equity of 6.77%. The firm’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business posted ($0.04) EPS.

MeridianLink Stock Performance

Shares of MLNK opened at $17.26 on Wednesday. The stock has a 50-day moving average of $17.98 and a two-hundred day moving average of $19.81. MeridianLink has a one year low of $14.89 and a one year high of $25.88. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a market cap of $1.32 billion, a P/E ratio of -31.96 and a beta of 0.95.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MLNK shares. Barclays dropped their target price on MeridianLink from $23.00 to $20.00 and set an “underweight” rating on the stock in a research report on Thursday, March 7th. Citigroup lowered their price objective on MeridianLink from $23.50 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. Wolfe Research raised MeridianLink from an “underperform” rating to a “peer perform” rating in a research report on Thursday, February 8th. William Blair reissued an “outperform” rating on shares of MeridianLink in a research report on Wednesday, March 6th. Finally, Stifel Nicolaus lowered their price objective on MeridianLink from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.60.

Insiders Place Their Bets

In other MeridianLink news, Director Timothy Nguyen sold 1,657,246 shares of MeridianLink stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $18.29, for a total transaction of $30,311,029.34. Following the completion of the sale, the director now owns 1,014,526 shares of the company’s stock, valued at approximately $18,555,680.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 21.30% of the stock is currently owned by insiders.

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.