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

Shares of MeridianLink, Inc. (NYSE:MLNK) have been given a consensus rating of “Hold” by the eight research firms that are presently covering the firm, MarketBeat reports. Two equities research 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 12 month price target among brokerages that have updated their coverage on the stock in the last year is $19.60.

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

Insider Transactions at MeridianLink

In other news, Director Timothy Nguyen sold 1,657,246 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 1,014,526 shares in the company, valued at approximately $18,555,680.54. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 20.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MLNK. SG Americas Securities LLC purchased a new position in shares of MeridianLink in the third quarter worth $108,000. Voss Capital LLC increased its stake in shares of MeridianLink by 9.0% in the third quarter. Voss Capital LLC now owns 403,471 shares of the company’s stock worth $6,883,000 after buying an additional 33,425 shares during the period. Bank of New York Mellon Corp increased its stake in shares of MeridianLink by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 97,084 shares of the company’s stock worth $1,656,000 after buying an additional 1,538 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of MeridianLink by 196.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,416 shares of the company’s stock worth $75,000 after buying an additional 2,926 shares during the period. Finally, Barclays PLC increased its stake in shares of MeridianLink by 9.2% in the third quarter. Barclays PLC now owns 9,679 shares of the company’s stock worth $165,000 after buying an additional 815 shares during the period. 82.65% of the stock is owned by hedge funds and other institutional investors.

MeridianLink Price Performance

MLNK opened at $17.72 on Tuesday. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -32.81 and a beta of 0.91. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.83. The firm has a 50-day moving average price of $18.34 and a 200-day moving average price of $19.81. MeridianLink has a twelve month low of $13.62 and a twelve month high of $25.88.

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

MeridianLink Company Profile

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.