MeridianLink (MLNK) to Release Earnings on Tuesday

MeridianLink (NYSE:MLNK) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Individual that wish to listen to the company’s conference call can do so using this link.

MeridianLink (NYSE:MLNK) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.23). MeridianLink had a negative return on equity of 6.77% and a negative net margin of 14.01%. The firm had revenue of $74.60 million for the quarter, compared to the consensus estimate of $74.61 million. During the same period in the previous year, the business earned ($0.05) EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. On average, analysts expect MeridianLink to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

MeridianLink Stock Performance

Shares of NYSE:MLNK opened at $17.23 on Monday. The company has a 50 day moving average price of $18.02 and a two-hundred day moving average price of $19.81. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.83. MeridianLink has a 52 week low of $14.89 and a 52 week high of $25.88.

Insider Buying and Selling at MeridianLink

In other news, Director Timothy Nguyen sold 1,657,246 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $18.29, for a total transaction of $30,311,029.34. Following the completion of the transaction, the director now directly owns 1,014,526 shares of the company’s stock, valued at approximately $18,555,680.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 21.30% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on MLNK shares. Stifel Nicolaus dropped their price objective on MeridianLink from $20.00 to $18.00 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. Citigroup dropped their price target on MeridianLink from $23.50 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Barclays decreased their price objective on 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 upgraded shares of MeridianLink from an “underperform” rating to a “peer perform” rating in a report on Thursday, February 8th. Finally, William Blair reaffirmed an “outperform” rating on shares of MeridianLink in a research note on Wednesday, March 6th. Two equities research 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. Based on data from MarketBeat.com, MeridianLink has a consensus rating of “Hold” and a consensus price target 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.