MeridianLink, Inc. (NYSE:MLNK) Receives $20.60 Average Price Target from Analysts

Shares of MeridianLink, Inc. (NYSE:MLNK - Get Free Report) have been given a consensus recommendation of "Hold" by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $20.60.

A number of research analysts have recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of MeridianLink from $18.00 to $22.00 and gave the company a "hold" rating in a report on Friday, August 9th. UBS Group upped their price target on MeridianLink from $17.00 to $18.00 and gave the stock a "sell" rating in a research note on Tuesday, August 13th. Finally, Barclays raised their price objective on MeridianLink from $18.00 to $20.00 and gave the company an "underweight" rating in a research note on Friday, August 9th.

Institutional Trading of MeridianLink

A number of hedge funds have recently bought and sold shares of MLNK. The Manufacturers Life Insurance Company raised its position in shares of MeridianLink by 10.1% during the second quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company's stock valued at $346,000 after buying an additional 1,490 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of MeridianLink in the 2nd quarter worth approximately $336,000. XTX Topco Ltd acquired a new stake in shares of MeridianLink during the 2nd quarter worth approximately $360,000. Dimensional Fund Advisors LP boosted its stake in MeridianLink by 23.3% during the second quarter. Dimensional Fund Advisors LP now owns 797,074 shares of the company's stock worth $17,026,000 after buying an additional 150,712 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in MeridianLink by 46.4% in the 2nd quarter. American Century Companies Inc. now owns 18,896 shares of the company's stock valued at $404,000 after buying an additional 5,988 shares during the period. 82.65% of the stock is owned by institutional investors.

MeridianLink Stock Down 8.4 %

MeridianLink stock traded down $1.93 during trading hours on Friday, hitting $20.99. The company had a trading volume of 1,611,777 shares, compared to its average volume of 250,030. MeridianLink has a fifty-two week low of $14.89 and a fifty-two week high of $25.88. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market capitalization of $1.59 billion, a P/E ratio of -38.87 and a beta of 1.01. The firm's fifty day moving average is $22.79 and its 200-day moving average is $20.38.

MeridianLink (NYSE:MLNK - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.04). MeridianLink had a negative return on equity of 7.62% and a negative net margin of 15.16%. The firm had revenue of $78.70 million for the quarter, compared to analysts' expectations of $78.08 million. During the same quarter in the prior year, the business posted ($0.06) earnings per share. MeridianLink's revenue was up 4.4% on a year-over-year basis. On average, research analysts forecast that MeridianLink will post -0.27 earnings per share for the current year.

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.