Brokerages Set MeridianLink, Inc. (NYSE:MLNK) Price Target at $19.60

MeridianLink, Inc. (NYSE:MLNK) has been given a consensus recommendation of “Hold” by the eight research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $19.60.

A number of brokerages recently issued reports on MLNK. Citigroup decreased their target price on shares of MeridianLink from $23.50 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. Barclays reduced their target price on MeridianLink from $23.00 to $20.00 and set an “underweight” rating for the company in a report on Thursday, March 7th. William Blair reaffirmed an “outperform” rating on shares of MeridianLink in a research report on Wednesday, March 6th. Finally, Stifel Nicolaus dropped their price objective on shares of MeridianLink from $20.00 to $18.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th.

MeridianLink Stock Up 1.2 %

NYSE MLNK opened at $19.91 on Wednesday. The business has a 50 day moving average price of $17.98 and a two-hundred day moving average price of $19.93. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.90. The stock has a market cap of $1.53 billion, a PE ratio of -36.87 and a beta of 0.98. MeridianLink has a fifty-two week low of $14.89 and a fifty-two week high of $25.88.

MeridianLink (NYSE:MLNK) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). MeridianLink had a negative net margin of 13.86% and a negative return on equity of 6.72%. The firm had revenue of $77.82 million during the quarter, compared to the consensus estimate of $76.79 million. During the same quarter last year, the firm posted ($0.04) earnings per share. MeridianLink’s revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts predict that MeridianLink will post -0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On MeridianLink

Several institutional investors have recently modified their holdings of MLNK. Swiss National Bank boosted its holdings in shares of MeridianLink by 8.2% in the fourth quarter. Swiss National Bank now owns 47,300 shares of the company’s stock valued at $1,172,000 after buying an additional 3,600 shares during the period. Quadrature Capital Ltd acquired a new stake in MeridianLink during the third quarter worth approximately $219,000. Barclays PLC boosted its position in shares of MeridianLink by 9.2% in the third quarter. Barclays PLC now owns 9,679 shares of the company’s stock valued at $165,000 after acquiring an additional 815 shares during the period. Jump Financial LLC acquired a new position in shares of MeridianLink during the 4th quarter worth approximately $230,000. Finally, Russell Investments Group Ltd. bought a new position in shares of MeridianLink in the fourth quarter worth $302,000. 82.65% of the stock is currently owned by institutional investors and hedge funds.

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.