Analysts Set MeridianLink, Inc. (NYSE:MLNK) Target Price at $20.07

Shares of MeridianLink, Inc. (NYSE:MLNK) have been assigned a consensus recommendation of “Reduce” from the nine research firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $20.0714.

Several research firms recently issued reports on MLNK. Barclays raised their target price on MeridianLink from $16.00 to $20.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 12th. William Blair lowered 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 report on Tuesday, August 12th. BTIG Research downgraded shares of MeridianLink from a “strong-buy” rating to a “neutral” rating in a research report on Monday, August 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of MeridianLink in a research note on Wednesday, October 8th.

MeridianLink Stock Performance

NYSE:MLNK opened at $20.02 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.01 and a current ratio of 2.01. MeridianLink has a fifty-two week low of $15.49 and a fifty-two week high of $25.22. The firm has a market cap of $1.48 billion, a PE ratio of -69.03 and a beta of 0.92. The business has a 50 day moving average price of $19.97 and a 200-day moving average price of $18.06.

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

Institutional Investors Weigh In On MeridianLink

Hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its stake in MeridianLink by 3.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 30,070 shares of the company’s stock valued at $488,000 after purchasing an additional 905 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in MeridianLink by 5.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,928 shares of the company’s stock worth $307,000 after buying an additional 971 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of MeridianLink by 12.2% during the 2nd quarter. Intech Investment Management LLC now owns 16,192 shares of the company’s stock valued at $263,000 after acquiring an additional 1,766 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of MeridianLink by 120.5% during the third quarter. Smartleaf Asset Management LLC now owns 3,246 shares of the company’s stock valued at $65,000 after purchasing an additional 1,774 shares during the last quarter. Finally, State of Wyoming boosted its holdings in MeridianLink by 7.1% in the first quarter. State of Wyoming now owns 28,930 shares of the company’s stock worth $536,000 after purchasing an additional 1,915 shares during the last quarter. Hedge funds and other institutional investors own 82.65% of the company’s stock.

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.