Brokerages Set MeridianLink, Inc. (NYSE:MLNK) Price Target at $20.40

Shares of MeridianLink, Inc. (NYSE:MLNK) have earned an average recommendation of “Hold” from the seven research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $20.60.

A number of research analysts recently commented on the company. UBS Group upped their price objective on MeridianLink from $17.00 to $18.00 and gave the stock a “sell” rating in a research note on Tuesday. Barclays upped their price objective on MeridianLink from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Friday, August 9th. Finally, Stifel Nicolaus upped their price objective on MeridianLink from $18.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, August 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of MeridianLink by 32.8% in the first quarter. Vanguard Group Inc. now owns 2,756,231 shares of the company’s stock worth $51,542,000 after purchasing an additional 680,872 shares in the last quarter. Keenan Capital LLC grew its stake in shares of MeridianLink by 9.6% in the first quarter. Keenan Capital LLC now owns 2,565,269 shares of the company’s stock worth $47,971,000 after purchasing an additional 225,000 shares in the last quarter. WCM Investment Management LLC grew its stake in shares of MeridianLink by 0.9% in the first quarter. WCM Investment Management LLC now owns 1,154,432 shares of the company’s stock worth $21,588,000 after purchasing an additional 9,885 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of MeridianLink by 23.3% in the second quarter. Dimensional Fund Advisors LP now owns 797,074 shares of the company’s stock worth $17,026,000 after purchasing an additional 150,712 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of MeridianLink by 10.9% in 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 in the last quarter. Institutional investors own 82.65% of the company’s stock.

MeridianLink Price Performance

Shares of NYSE MLNK opened at $21.54 on Friday. MeridianLink has a twelve month low of $14.89 and a twelve month high of $25.88. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of -39.89 and a beta of 1.02. The business has a 50 day simple moving average of $21.84 and a 200-day simple moving average of $19.71.

MeridianLink (NYSE:MLNK) last issued its quarterly earnings results 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 firm had revenue of $78.70 million during the quarter, compared to the consensus estimate of $78.08 million. During the same quarter last year, the firm posted ($0.06) earnings per share. MeridianLink’s 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.

About MeridianLink

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.