Shares of MeridianLink, Inc. (NYSE:MLNK – Get Free Report) 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.
View Our Latest Research Report on MeridianLink
Institutional Investors Weigh In On MeridianLink
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 – Get Free Report) 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.
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