MeridianLink (NYSE:MLNK) Price Target Lowered to $20.00 at Barclays

MeridianLink (NYSE:MLNKFree Report) had its price target decreased by Barclays from $23.00 to $20.00 in a research report report published on Thursday morning, Benzinga reports. Barclays currently has an underweight rating on the stock.

Other equities analysts also recently issued reports about the company. Citigroup decreased their target price on MeridianLink from $23.50 to $22.00 and set a neutral rating for the company in a research note on Wednesday. William Blair restated an outperform rating on shares of MeridianLink in a research note on Wednesday. Wolfe Research upgraded MeridianLink from an underperform rating to a peer perform rating in a research note on Thursday, February 8th. Finally, Stifel Nicolaus decreased their target price on MeridianLink from $20.00 to $18.00 and set a hold rating for the company in a research note on Wednesday. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $18.67.

Check Out Our Latest Research Report on MLNK

MeridianLink Stock Up 1.2 %

NYSE:MLNK opened at $18.31 on Thursday. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -33.91 and a beta of 0.92. MeridianLink has a one year low of $13.62 and a one year high of $25.88. The stock has a 50-day simple moving average of $21.24 and a 200 day simple moving average of $19.56. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.08 and a current ratio of 2.08.

MeridianLink (NYSE:MLNKGet Free Report) last posted its quarterly earnings results on Tuesday, March 5th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.23). The firm had revenue of $74.60 million during the quarter, compared to analyst estimates of $74.61 million. MeridianLink had a negative return on equity of 6.59% and a negative net margin of 14.01%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) earnings per share. Sell-side analysts predict that MeridianLink will post -0.02 EPS for the current fiscal year.

Insider Transactions at MeridianLink

In other MeridianLink news, CFO Sean W. Blitchok sold 4,388 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $22.74, for a total value of $99,783.12. Following the completion of the sale, the chief financial officer now directly owns 408,094 shares in the company, valued at $9,280,057.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Timothy Nguyen sold 1,657,246 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $18.29, for a total transaction of $30,311,029.34. Following the completion of the sale, the director now owns 1,014,526 shares in the company, valued at approximately $18,555,680.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sean W. Blitchok sold 4,388 shares of the stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $22.74, for a total value of $99,783.12. Following the sale, the chief financial officer now owns 408,094 shares of the company’s stock, valued at approximately $9,280,057.56. The disclosure for this sale can be found here. Insiders own 20.10% of the company’s stock.

Hedge Funds Weigh In On MeridianLink

A number of hedge funds have recently modified their holdings of MLNK. US Bancorp DE acquired a new position in shares of MeridianLink in the fourth quarter worth $25,000. UBS Group AG increased its stake in shares of MeridianLink by 610.4% in the third quarter. UBS Group AG now owns 1,705 shares of the company’s stock worth $28,000 after acquiring an additional 1,465 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in MeridianLink by 81.3% during the first quarter. Ameritas Investment Partners Inc. now owns 1,759 shares of the company’s stock worth $32,000 after buying an additional 789 shares during the last quarter. Tower Research Capital LLC TRC increased its position in MeridianLink by 261.8% during the third quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock worth $37,000 after buying an additional 1,665 shares during the last quarter. Finally, Ensign Peak Advisors Inc acquired a new position in MeridianLink during the third quarter worth $44,000. 71.38% of the stock is owned by institutional investors and hedge funds.

About MeridianLink

(Get Free Report)

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.

Further Reading

Analyst Recommendations for MeridianLink (NYSE:MLNK)

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