MeridianLink (NYSE:MLNK) Shares Gap Down to $22.92

MeridianLink, Inc. (NYSE:MLNK) gapped down prior to trading on Friday . The stock had previously closed at $22.92, but opened at $21.52. MeridianLink shares last traded at $21.08, with a volume of 241,203 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Stifel Nicolaus upped their target price on MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a report on Friday, August 9th. UBS Group raised their target price on shares of MeridianLink from $17.00 to $18.00 and gave the stock a “sell” rating in a report on Tuesday, August 13th. Finally, Barclays upped their price target on shares of MeridianLink from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $20.60.

MeridianLink Trading Down 8.4 %

The firm has a market capitalization of $1.59 billion, a PE ratio of -38.87 and a beta of 1.01. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.04 and a quick ratio of 2.04. The company has a fifty day moving average of $22.79 and a 200-day moving average of $20.40.

MeridianLink (NYSE:MLNK) last announced 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 firm had revenue of $78.70 million during the quarter, compared to the consensus estimate of $78.08 million. MeridianLink had a negative net margin of 15.16% and a negative return on equity of 7.62%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) EPS. On average, sell-side analysts anticipate that MeridianLink, Inc. will post -0.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MeridianLink

Large investors have recently bought and sold shares of the business. nVerses Capital LLC bought a new stake in shares of MeridianLink during the 2nd quarter worth about $41,000. Russell Investments Group Ltd. lifted its stake in shares of MeridianLink by 26.4% in the first quarter. Russell Investments Group Ltd. now owns 15,430 shares of the company’s stock worth $289,000 after buying an additional 3,226 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of MeridianLink during the 2nd quarter worth $336,000. The Manufacturers Life Insurance Company grew its stake in MeridianLink by 10.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company’s stock valued at $346,000 after buying an additional 1,490 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in MeridianLink in the 2nd quarter worth $360,000. 82.65% of the stock is currently 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.