Project Angel Parent (NYSE:MLNK) Price Target Lowered to $27.00 at Barclays

Project Angel Parent (NYSE:MLNK) had its price target lowered by Barclays from $33.00 to $27.00 in a research note released on Wednesday, The Fly reports. Barclays currently has an equal weight rating on the stock.

A number of other research analysts have also recently weighed in on the stock. William Blair began coverage on shares of Project Angel Parent in a research report on Monday, August 23rd. They set an outperform rating on the stock. Citigroup began coverage on shares of Project Angel Parent in a report on Monday, August 23rd. They set a neutral rating and a $28.00 target price on the stock. Tigress Financial began coverage on Project Angel Parent in a report on Friday, September 3rd. They issued a buy rating and a $34.00 price target for the company. Wolfe Research started coverage on Project Angel Parent in a research report on Monday, August 23rd. They issued an outperform rating and a $30.00 price objective on the stock. Finally, Raymond James upped their target price on Project Angel Parent from $30.00 to $35.00 and gave the stock an outperform rating in a research report on Wednesday, September 8th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Buy and a consensus target price of $30.28.

Shares of MLNK opened at $20.30 on Wednesday. Project Angel Parent has a twelve month low of $19.77 and a twelve month high of $29.00. The business has a fifty day moving average price of $24.31.

Project Angel Parent (NYSE:MLNK) last announced its quarterly earnings results on Tuesday, September 7th. The company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.13. The firm had revenue of $68.47 million for the quarter, compared to analyst estimates of $67.33 million. As a group, analysts predict that Project Angel Parent will post 0.13 earnings per share for the current fiscal year.

In other Project Angel Parent news, insider Timothy Nguyen sold 1,180,000 shares of the firm’s stock in a transaction that occurred on Monday, August 30th. The stock was sold at an average price of $24.63, for a total transaction of $29,063,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Project Angel Parent Company Profile

MeridianLink Inc is a cloud-based technology company which enables banks, credit unions, mortgage lenders, specialty lending providers and consumer reporting agencies to streamline loan decision making, loan origination, and customer collection workflows. MeridianLink Inc is based in Costa Mesa, Calif.

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