MeridianLink (NYSE:MLNK) Announces Earnings Results, Misses Estimates By $0.01 EPS

MeridianLink (NYSE:MLNK) issued its quarterly earnings data on Tuesday. The company reported $0.06 EPS 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 the consensus estimate of $76.79 million. During the same period last year, the firm earned ($0.04) EPS. The business’s quarterly revenue was up .9% on a year-over-year basis.

MeridianLink Trading Up 1.1 %

Shares of MeridianLink stock traded up $0.19 during trading hours on Friday, hitting $16.97. The company’s stock had a trading volume of 87,514 shares, compared to its average volume of 219,705. The business has a fifty day moving average of $17.88 and a 200 day moving average of $19.78. The company has a market capitalization of $1.30 billion, a PE ratio of -31.07 and a beta of 0.95. MeridianLink has a 1-year low of $14.89 and a 1-year 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MLNK shares. Wolfe Research raised shares of MeridianLink from an “underperform” rating to a “peer perform” rating in a report on Thursday, February 8th. Stifel Nicolaus decreased their price objective 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. 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. William Blair reaffirmed an “outperform” rating on shares of MeridianLink in a research note on Wednesday, March 6th. Finally, Citigroup dropped their price target on shares of MeridianLink from $23.50 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus 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.