MeridianLink (MLNK) to Release Quarterly Earnings on Thursday

MeridianLink (NYSE:MLNK) will be announcing its earnings results 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.Persons that wish to listen to the company’s earnings conference call can do so using this link.

MeridianLink (NYSE:MLNK) last announced its earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.04). The business had revenue of $78.70 million for the quarter, compared to the consensus estimate of $78.08 million. MeridianLink had a negative return on equity of 7.62% and a negative net margin of 15.16%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business 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 Trading Up 1.0 %

Shares of MLNK stock opened at $23.31 on Wednesday. The stock has a market cap of $1.77 billion, a P/E ratio of -38.21 and a beta of 0.98. MeridianLink has a 1 year low of $16.49 and a 1 year high of $25.88. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.06. The stock has a 50 day simple moving average of $22.08 and a 200 day simple moving average of $20.98.

Insider Activity at MeridianLink

In other MeridianLink news, major shareholder Thoma Bravo Ugp, Llc sold 6,000,000 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $21.05, for a total transaction of $126,300,000.00. Following the completion of the transaction, the insider now owns 29,582,388 shares of the company’s stock, valued at approximately $622,709,267.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MLNK shares. Barclays increased their target price on MeridianLink from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Friday, August 9th. Stifel Nicolaus increased their price objective on shares of MeridianLink from $18.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Finally, UBS Group boosted 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. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $20.50.

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.