Weiss Ratings Reaffirms “Sell (D-)” Rating for MeridianLink (NYSE:MLNK)

MeridianLink (NYSE:MLNK)‘s stock had its “sell (d-)” rating reiterated by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other analysts have also recently issued reports on the company. Raymond James Financial cut MeridianLink from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 12th. William Blair cut MeridianLink from an “outperform” rating to a “market perform” rating in a research report on Monday, August 11th. Barclays increased their target price on MeridianLink from $16.00 to $20.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 12th. Finally, BTIG Research lowered MeridianLink from a “strong-buy” rating to a “neutral” rating in a research note on Monday, August 11th. Six investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $20.07.

MeridianLink Stock Performance

Shares of NYSE MLNK opened at $19.97 on Wednesday. The stock has a 50 day moving average price of $19.35 and a 200 day moving average price of $17.69. MeridianLink has a 52 week low of $15.49 and a 52 week high of $25.22. 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 capitalization of $1.48 billion, a PE ratio of -68.86 and a beta of 0.92.

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

Hedge Funds Weigh In On MeridianLink

Hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in 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 worth $84,000 after acquiring an additional 4,256 shares during the period. Raymond James Financial Inc. bought a new position in MeridianLink during the 2nd quarter worth $76,000. New York State Common Retirement Fund increased its stake in MeridianLink by 39.1% during the 1st quarter. New York State Common Retirement Fund now owns 9,257 shares of the company’s stock worth $172,000 after acquiring an additional 2,600 shares during the period. Tower Research Capital LLC TRC increased its stake in MeridianLink by 271.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,275 shares of the company’s stock worth $151,000 after acquiring an additional 6,779 shares during the period. Finally, Millennium Management LLC bought a new position in MeridianLink during the 4th quarter worth $201,000. Institutional investors 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.