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

MeridianLink, Inc. (NYSE:MLNK) has been assigned an average rating of “Reduce” from the nine analysts that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $20.0714.

MLNK has been the topic of a number of research analyst reports. BTIG Research cut shares of MeridianLink from a “strong-buy” rating to a “neutral” rating in a research note on Monday, August 11th. Barclays boosted their target price on shares of MeridianLink from $16.00 to $20.00 and gave the company an “underweight” rating in a research note on Tuesday, August 12th. Raymond James Financial cut shares of MeridianLink from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 12th. William Blair cut shares of MeridianLink from an “outperform” rating to a “market perform” rating in a research note on Monday, August 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of MeridianLink in a research note on Wednesday, October 8th.

MeridianLink Stock Up 0.1%

MeridianLink stock opened at $19.98 on Wednesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a market cap of $1.48 billion, a PE ratio of -68.90 and a beta of 0.92. MeridianLink has a fifty-two week low of $15.49 and a fifty-two week high of $25.22. The firm’s 50-day simple moving average is $19.52 and its 200 day simple moving average is $17.68.

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

Institutional Trading of MeridianLink

A number of institutional investors have recently modified their holdings of MLNK. Millennium Management LLC purchased a new stake in shares of MeridianLink during the 4th quarter valued at approximately $201,000. Two Sigma Investments LP purchased a new stake in shares of MeridianLink during the 4th quarter valued at approximately $235,000. California State Teachers Retirement System lifted its stake in shares of MeridianLink by 28.4% during the 4th quarter. California State Teachers Retirement System now owns 28,312 shares of the company’s stock valued at $585,000 after buying an additional 6,268 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of MeridianLink by 3,916.8% during the 1st quarter. GAMMA Investing LLC now owns 20,124 shares of the company’s stock valued at $373,000 after buying an additional 19,623 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of MeridianLink by 1,606.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,521 shares of the company’s stock valued at $84,000 after buying an additional 4,256 shares in the last quarter. 82.65% of the stock is currently owned by hedge funds and other institutional investors.

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.