MeridianLink (NYSE:MLNK) Price Target Raised to $18.00

MeridianLink (NYSE:MLNK) had its price objective lifted by equities researchers at UBS Group from $17.00 to $18.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “sell” rating on the stock. UBS Group’s target price points to a potential downside of 14.45% from the stock’s previous close.

Several other research firms have also commented on MLNK. Stifel Nicolaus boosted 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. Barclays boosted their price target on shares of MeridianLink from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.60.

MeridianLink Trading Up 0.3 %

MLNK traded up $0.06 on Tuesday, reaching $21.04. 20,645 shares of the company traded hands, compared to its average volume of 239,067. MeridianLink has a one year low of $14.89 and a one year high of $25.88. The firm has a fifty day simple moving average of $21.70 and a two-hundred day simple moving average of $19.70. The company has a market cap of $1.61 billion, a P/E ratio of -38.91 and a beta of 1.02. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.90.

MeridianLink (NYSE:MLNK) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.04). MeridianLink had a negative net margin of 13.86% and a negative return on equity of 6.72%. The company had revenue of $78.70 million for the quarter, compared to the consensus estimate of $78.08 million. During the same quarter in the previous year, the business earned ($0.06) EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts expect that MeridianLink will post -0.01 earnings per share for the current year.

Institutional Trading of MeridianLink

Several large investors have recently bought and sold shares of MLNK. Russell Investments Group Ltd. purchased a new stake in MeridianLink during the 4th quarter worth approximately $302,000. Swiss National Bank grew its position in MeridianLink by 8.2% during the 4th quarter. Swiss National Bank now owns 47,300 shares of the company’s stock worth $1,172,000 after purchasing an additional 3,600 shares during the last quarter. Jump Financial LLC purchased a new stake in MeridianLink during the 4th quarter worth approximately $230,000. Gibson Capital LLC purchased a new stake in MeridianLink during the 4th quarter worth approximately $2,008,000. Finally, WCM Investment Management LLC boosted its holdings in shares of MeridianLink by 0.9% in the 1st quarter. WCM Investment Management LLC now owns 1,154,432 shares of the company’s stock valued at $21,588,000 after acquiring an additional 9,885 shares during the last quarter. Hedge funds and other institutional investors own 82.65% of the company’s stock.

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.