MeridianLink (NYSE:MLNK) Price Target Lowered to $18.00 at Stifel Nicolaus

MeridianLink (NYSE:MLNK) had its price target reduced by Stifel Nicolaus from $20.00 to $18.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a hold rating on the stock.

Several other equities analysts also recently commented on the company. UBS Group decreased their target price on MeridianLink from $25.50 to $20.50 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. William Blair reissued an “outperform” rating on shares of MeridianLink in a research report on Friday, March 7th. Raymond James lowered their price objective on MeridianLink from $28.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Citigroup cut their target price on MeridianLink from $24.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Finally, Bank of America lowered MeridianLink from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $28.00 to $18.00 in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, MeridianLink has an average rating of “Hold” and a consensus target price of $19.42.

MeridianLink Trading Down 1.8%

Shares of MeridianLink stock opened at $17.25 on Tuesday. MeridianLink has a 1 year low of $15.57 and a 1 year high of $25.33. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -25.75 and a beta of 0.97. The business has a fifty day simple moving average of $17.57 and a two-hundred day simple moving average of $19.76. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86.

MeridianLink (NYSE:MLNK) last announced its earnings results on Monday, May 12th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). MeridianLink had a negative return on equity of 9.57% and a negative net margin of 16.57%. The company had revenue of $81.49 million for the quarter, compared to the consensus estimate of $80.47 million. During the same period in the previous year, the firm posted $0.06 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. Research analysts forecast that MeridianLink will post -0.35 EPS for the current year.

Hedge Funds Weigh In On MeridianLink

Institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. bought a new position in MeridianLink in the fourth quarter valued at about $29,461,000. Western Standard LLC acquired a new stake in shares of MeridianLink in the 4th quarter valued at approximately $7,223,000. Vanguard Group Inc. grew its holdings in shares of MeridianLink by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 3,266,023 shares of the company’s stock valued at $67,443,000 after purchasing an additional 310,228 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of MeridianLink by 123.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 398,389 shares of the company’s stock valued at $8,227,000 after purchasing an additional 220,240 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in MeridianLink by 920.0% during the 4th quarter. JPMorgan Chase & Co. now owns 216,566 shares of the company’s stock worth $4,472,000 after purchasing an additional 195,333 shares in the last quarter. Institutional investors and hedge funds own 82.65% of the company’s stock.

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.