MeridianLink (NYSE:MLNK) Price Target Raised to $20.00

MeridianLink (NYSE:MLNK) had its target price upped by Barclays from $18.00 to $20.00 in a research report released on Friday, Benzinga reports. Barclays currently has an underweight rating on the stock.

Separately, Stifel Nicolaus lifted their price target on shares of MeridianLink from $18.00 to $22.00 and gave the stock a hold rating in a research note on Friday. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, MeridianLink currently has a consensus rating of Hold and a consensus target price of $20.40.

MeridianLink Price Performance

Shares of MeridianLink stock traded up $0.01 on Friday, hitting $21.22. The company’s stock had a trading volume of 38,168 shares, compared to its average volume of 239,039. The company has a market capitalization of $1.63 billion, a P/E ratio of -39.28 and a beta of 1.02. The firm has a fifty day moving average price of $21.66 and a 200-day moving average price of $19.71. MeridianLink has a 52-week low of $14.89 and a 52-week high of $25.88. 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 posted its quarterly 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 during the quarter, compared to analysts’ expectations of $78.08 million. MeridianLink had a negative net margin of 13.86% and a negative return on equity of 6.72%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.06) EPS. On average, equities research analysts expect that MeridianLink will post -0.01 earnings per share for the current fiscal year.

Institutional Trading of MeridianLink

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. lifted its stake in MeridianLink by 10.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 263,525 shares of the company’s stock worth $4,928,000 after purchasing an additional 25,906 shares during the last quarter. Swiss National Bank lifted its position in MeridianLink by 8.2% in the 4th quarter. Swiss National Bank now owns 47,300 shares of the company’s stock valued at $1,172,000 after purchasing an additional 3,600 shares during the last quarter. SG Capital Management LLC bought a new stake in shares of MeridianLink during the first quarter valued at approximately $2,117,000. Vanguard Group Inc. boosted its position in shares of MeridianLink by 32.8% during the first quarter. Vanguard Group Inc. now owns 2,756,231 shares of the company’s stock worth $51,542,000 after buying an additional 680,872 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in MeridianLink by 11.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,147 shares of the company’s stock worth $2,228,000 after buying an additional 12,472 shares in the last quarter. 82.65% of the stock is owned by institutional investors.

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.