MeridianLink (MLNK) Scheduled to Post Earnings on Thursday

MeridianLink (NYSE:MLNK - Get Free Report) is set to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. MeridianLink has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Individual that are interested in participating in the company's earnings conference call can do so using this link.

MeridianLink (NYSE:MLNK - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.04). MeridianLink had a negative net margin of 15.16% and a negative return on equity of 7.62%. The firm had revenue of $78.70 million for the quarter, compared to the consensus estimate of $78.08 million. The business's revenue was up 4.4% on a year-over-year basis. During the same period last year, the company posted ($0.06) earnings per share. On average, analysts expect MeridianLink to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

MeridianLink Stock Down 1.7 %

MLNK stock traded down $0.38 during midday trading on Thursday, hitting $21.99. The stock had a trading volume of 70,990 shares, compared to its average volume of 262,312. MeridianLink has a 52-week low of $14.89 and a 52-week high of $25.88. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of -36.64 and a beta of 1.00. 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 business has a 50-day moving average of $22.10 and a two-hundred day moving average of $20.84.

Insider Transactions at MeridianLink

In related news, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of MeridianLink stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $21.05, for a total transaction of $13,682,500.00. Following the completion of the sale, the insider now owns 28,932,388 shares in the company, valued at $609,026,767.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 21.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Stifel Nicolaus raised their price target on MeridianLink from $18.00 to $22.00 and gave the company a "hold" rating in a report on Friday, August 9th. UBS Group lifted their target price on shares of MeridianLink from $17.00 to $18.00 and gave the company a "sell" rating in a research note on Tuesday, August 13th. Finally, Barclays boosted their price target on shares of MeridianLink from $18.00 to $20.00 and gave the stock an "underweight" rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $20.60.

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.