MeridianLink (NYSE:MLNK) Given New $18.00 Price Target at Stifel Nicolaus

MeridianLink (NYSE:MLNK) had its price target decreased by Stifel Nicolaus from $20.00 to $18.00 in a report published on Tuesday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

A number of other analysts also recently issued reports on MLNK. Citigroup lowered their target price on MeridianLink from $24.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Raymond James decreased their price target on MeridianLink from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. UBS Group lowered their price target on MeridianLink from $25.50 to $20.50 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Barclays dropped their price target on shares of MeridianLink from $19.00 to $16.00 and set an “underweight” rating on the stock in a research report on Monday, April 14th. Finally, William Blair reiterated an “outperform” rating on shares of MeridianLink in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $19.42.

MeridianLink Stock Performance

Shares of MLNK stock opened at $17.46 on Tuesday. MeridianLink has a 12 month low of $15.57 and a 12 month high of $25.33. The company’s fifty day simple moving average is $17.73 and its 200-day simple moving average is $19.80. The firm has a market cap of $1.35 billion, a PE ratio of -26.06 and a beta of 0.97. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11.

MeridianLink (NYSE:MLNK) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). MeridianLink had a negative net margin of 16.57% and a negative return on equity of 9.57%. The business had revenue of $81.49 million during the quarter, compared to analyst estimates of $80.47 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts expect that MeridianLink will post -0.35 EPS for the current fiscal year.

Institutional Investors Weigh In On MeridianLink

Large investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its position in MeridianLink by 342.1% during the third quarter. Barclays PLC now owns 42,399 shares of the company’s stock worth $872,000 after purchasing an additional 32,808 shares during the period. SG Americas Securities LLC lifted its stake in shares of MeridianLink by 94.9% during the 4th quarter. SG Americas Securities LLC now owns 21,878 shares of the company’s stock worth $452,000 after buying an additional 10,654 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of MeridianLink by 10.0% during the 4th quarter. Rhumbline Advisers now owns 48,629 shares of the company’s stock worth $1,004,000 after buying an additional 4,404 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of MeridianLink during the 4th quarter worth about $234,000. Finally, Charles Schwab Investment Management Inc. grew its stake in MeridianLink by 9.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 239,032 shares of the company’s stock valued at $4,936,000 after buying an additional 20,928 shares during the last quarter. Institutional investors own 82.65% of the company’s stock.

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.