Analysts Set MeridianLink, Inc. (NYSE:MLNK) Price Target at $20.60

Shares of MeridianLink, Inc. (NYSE:MLNK) have been given an average rating of “Hold” by the seven brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $20.60.

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

Institutional Investors Weigh In On MeridianLink

Institutional investors have recently made changes to their positions in the stock. nVerses Capital LLC acquired a new stake in shares of MeridianLink during the second quarter valued at about $41,000. Jump Financial LLC acquired a new stake in shares of MeridianLink during the fourth quarter valued at about $230,000. Russell Investments Group Ltd. increased its position in shares of MeridianLink by 26.4% during the first quarter. Russell Investments Group Ltd. now owns 15,430 shares of the company’s stock valued at $289,000 after acquiring an additional 3,226 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of MeridianLink during the first quarter valued at about $325,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of MeridianLink during the second quarter valued at about $336,000. 82.65% of the stock is currently owned by institutional investors and hedge funds.

MeridianLink Price Performance

Shares of NYSE MLNK opened at $23.98 on Tuesday. The firm has a 50-day simple moving average of $22.42 and a 200-day simple moving average of $19.95. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of -44.41 and a beta of 1.01. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.06. MeridianLink has a 52 week low of $14.89 and a 52 week high of $25.88.

MeridianLink (NYSE:MLNK) last issued its earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.04). The business had revenue of $78.70 million during the quarter, compared to analyst estimates of $78.08 million. MeridianLink had a negative net margin of 15.16% and a negative return on equity of 7.62%. MeridianLink’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.06) earnings per share. On average, equities analysts predict that MeridianLink will post -0.27 earnings per share for the current fiscal year.

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.