MeridianLink (NYSE:MLNK) Announces Earnings Results

MeridianLink (NYSE:MLNK) issued its earnings results on Tuesday. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01), Briefing.com reports. MeridianLink had a negative return on equity of 6.77% and a negative net margin of 14.01%. The business had revenue of $77.82 million during the quarter, compared to analysts’ expectations of $76.79 million. During the same period last year, the firm posted ($0.04) EPS. MeridianLink’s quarterly revenue was up .9% compared to the same quarter last year.

MeridianLink Price Performance

MLNK stock traded down $0.50 during midday trading on Thursday, hitting $17.12. The company’s stock had a trading volume of 10,649 shares, compared to its average volume of 218,536. MeridianLink has a 12 month low of $14.89 and a 12 month high of $25.88. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -32.65 and a beta of 0.95. The company has a 50 day moving average of $17.92 and a two-hundred day moving average of $19.80.

Insiders Place Their Bets

In other MeridianLink news, Director Timothy Nguyen sold 1,657,246 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $18.29, for a total value of $30,311,029.34. Following the completion of the transaction, the director now directly owns 1,014,526 shares in the company, valued at approximately $18,555,680.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 21.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MLNK shares. Citigroup decreased their target price on MeridianLink from $23.50 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. William Blair reaffirmed an “outperform” rating on shares of MeridianLink in a research report on Wednesday, March 6th. Barclays reduced their price target on shares of MeridianLink from $23.00 to $20.00 and set an “underweight” rating for the company in a research report on Thursday, March 7th. Wolfe Research raised shares of MeridianLink from an “underperform” rating to a “peer perform” rating in a research report on Thursday, February 8th. Finally, Stifel Nicolaus reduced their price target on shares of MeridianLink from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $19.60.

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.