Merlin, Inc. Common Stock (NASDAQ:MRLN) Given Average Recommendation of “Moderate Buy” by Analysts

Merlin, Inc. Common Stock (NASDAQ:MRLN) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $10.50.

A number of equities research analysts have recently weighed in on the company. Northland Securities began coverage on Merlin, Inc. Common Stock in a report on Tuesday, July 21st. They set an “outperform” rating and a $10.00 price target on the stock. Wall Street Zen cut Merlin, Inc. Common Stock to a “strong sell” rating in a research report on Saturday, May 23rd. Weiss Ratings raised Merlin, Inc. Common Stock from a “sell (e-)” rating to a “sell (e)” rating in a research note on Tuesday, June 9th. Cantor Fitzgerald cut their target price on Merlin, Inc. Common Stock from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Friday, August 14th. Finally, TD Cowen reduced their price target on Merlin, Inc. Common Stock from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, July 13th.

Institutional Investors Weigh In On Merlin, Inc. Common Stock

An institutional investor recently bought a new stake in Merlin, Inc. Common Stock stock. J.Safra Asset Management Corp bought a new stake in shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,951 shares of the company’s stock, valued at approximately $5,447,000.

Merlin, Inc. Common Stock Stock Performance

MRLN stock opened at $3.52 on Friday. The firm has a market cap of $355.77 million, a PE ratio of -2.38 and a beta of 1.87. The business has a 50-day moving average price of $4.24. Merlin, Inc. Common Stock has a fifty-two week low of $3.16 and a fifty-two week high of $17.00.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last posted its earnings results on Thursday, August 13th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($1.12). The business had revenue of $2.19 million for the quarter. On average, analysts expect that Merlin, Inc. Common Stock will post -2.17 earnings per share for the current fiscal year.

Merlin, Inc. Common Stock Company Profile

Merlin Inc is focused on developing autonomous flight software for legacy and next-generation airborne systems. Its aircraft-agnostic, AI-based software supports takeoff-to-landing autonomous operations for military and civil aviation programs. The company aims to build an AI-based operating software platform intended to support autonomous flight operations across a range of aircraft types.