Merlin, Inc. Common Stock (NASDAQ:MRLN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $11.00.

MRLN has been the topic of a number of recent analyst reports. Wall Street Zen lowered Merlin, Inc. Common Stock to a “strong sell” rating in a report on Saturday, May 23rd. Cantor Fitzgerald assumed coverage on Merlin, Inc. Common Stock in a research note on Thursday, July 9th. They issued an “overweight” rating and a $11.00 price objective for the company. Roth Capital initiated coverage on Merlin, Inc. Common Stock in a research report on Tuesday, April 14th. They set a “buy” rating and a $15.00 target price for the company. Zacks Research upgraded Merlin, Inc. Common Stock to a “hold” rating in a research note on Wednesday, April 15th. Finally, Northland Securities assumed coverage on shares of Merlin, Inc. Common Stock in a report on Tuesday, July 21st. They issued an “outperform” rating and a $10.00 price target on the stock.

Institutional Trading of Merlin, Inc. Common Stock

A hedge fund recently bought a new position in Merlin, Inc. Common Stock stock. J.Safra Asset Management Corp bought a new stake in shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,951 shares of the company’s stock, valued at approximately $5,447,000.

Merlin, Inc. Common Stock Price Performance

Shares of NASDAQ MRLN opened at $4.44 on Monday. The stock has a market cap of $428.55 million, a P/E ratio of -12.00 and a beta of 1.87. The business has a 50 day simple moving average of $5.22. Merlin, Inc. Common Stock has a twelve month low of $3.27 and a twelve month high of $17.00.

Merlin, Inc. Common Stock Company Profile

Merlin Inc is focused on developing autonomous flight software for legacy and next-generation airborne systems. Its aircraft-agnostic, AI-based software supports takeoff-to-landing autonomous operations for military and civil aviation programs. The company aims to build an AI-based operating software platform intended to support autonomous flight operations across a range of aircraft types.