Shares of MeridianLink, Inc. (NYSE:MLNK – Get Rating) have been given a consensus recommendation of "Moderate Buy" by the six analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $22.20.
A number of equities analysts have recently issued reports on the company. Wolfe Research downgraded MeridianLink from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 20th. Credit Suisse Group dropped their price target on MeridianLink to $17.00 in a research note on Friday, July 22nd.
Get MeridianLink alerts:MeridianLink Stock Up 1.7 %
MeridianLink stock opened at $16.13 on Tuesday. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -62.04 and a beta of 0.72. The stock has a fifty day simple moving average of $17.46 and a two-hundred day simple moving average of $17.50. MeridianLink has a 12 month low of $13.81 and a 12 month high of $26.40. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.74.
MeridianLink (NYSE:MLNK – Get Rating) last posted its earnings results on Tuesday, August 9th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The business had revenue of $72.99 million during the quarter, compared to the consensus estimate of $72.91 million. MeridianLink had a negative return on equity of 2.20% and a negative net margin of 5.42%. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 EPS. Equities analysts predict that MeridianLink will post 0.15 EPS for the current fiscal year.Insider Transactions at MeridianLink
In related news, COO Alan R. Arnold sold 22,407 shares of MeridianLink stock in a transaction on Friday, July 1st. The stock was sold at an average price of $17.46, for a total transaction of $391,226.22. Following the transaction, the chief operating officer now directly owns 443,422 shares in the company, valued at $7,742,148.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Alan R. Arnold sold 22,407 shares of MeridianLink stock in a transaction on Friday, July 1st. The stock was sold at an average price of $17.46, for a total transaction of $391,226.22. Following the transaction, the chief operating officer now directly owns 443,422 shares in the company, valued at $7,742,148.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Alan R. Arnold sold 19,506 shares of MeridianLink stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $17.05, for a total value of $332,577.30. Following the transaction, the chief operating officer now owns 503,441 shares in the company, valued at $8,583,669.05. The disclosure for this sale can be found here. Company insiders own 20.90% of the company's stock.
Institutional Investors Weigh In On MeridianLink
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Darlington Partners Capital Management LP raised its holdings in MeridianLink by 2.6% during the second quarter. Darlington Partners Capital Management LP now owns 2,878,522 shares of the company's stock valued at $48,071,000 after acquiring an additional 71,953 shares during the period. Occudo Quantitative Strategies LP bought a new stake in MeridianLink during the second quarter valued at about $202,000. State Street Corp raised its holdings in MeridianLink by 29.2% during the second quarter. State Street Corp now owns 344,129 shares of the company's stock valued at $5,747,000 after acquiring an additional 77,810 shares during the period. WCM Investment Management LLC bought a new stake in MeridianLink during the second quarter valued at about $7,985,000. Finally, Northern Trust Corp raised its holdings in MeridianLink by 1.0% during the second quarter. Northern Trust Corp now owns 290,702 shares of the company's stock valued at $4,854,000 after acquiring an additional 2,983 shares during the period. 66.82% of the stock is owned by institutional investors.
MeridianLink Company Profile
(Get Rating)
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 Consumer, a consumer lending and account opening platform; MeridianLink Opening, an online account opening software that unifies deposit account opening and funding for various channels and products; and MeridianLink DecisionLender, a loan origination software (LOS) for finance companies.
See Also
- Get a free copy of the StockNews.com research report on MeridianLink (MLNK)
- Is the Market Overreacting with Shopify Stock?
- MO Money: Why Altria Group Stock is Rallying
- Fed Raises Rates: 3 Stocks to Watch Newmont Mining, Walmart, AMC
- Three Consumer Stocks That Could Outperform In Q4
- Comcast is an Asset Bonanza Priced Cheap
Receive News & Ratings for MeridianLink Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MeridianLink and related companies with MarketBeat.com's FREE daily email newsletter.