2 weeks Ago By ABMN Staff
MeridianLink, Inc. ( NYSE:MLNK – Get Free Report ) shares gapped down before the market opened 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 changing hands. Analyst Upgrades and Downgrades A number of equities research analysts have issued reports on the company. Stifel Nicolaus boosted their price target on MeridianLink from $18.
00 to $22.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Barclays upped their price target on shares of MeridianLink from $18.
00 to $20.00 and gave the stock an “underweight” rating in a research report on Friday, August 9th. Finally, UBS Group boosted their price objective on MeridianLink from $17.
00 to $18.00 and gave the stock a “sell” rating in a research note on Tuesday, August 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock.
Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.60. Read Our Latest Research Report on MeridianLink MeridianLink Stock Performance MeridianLink ( NYSE:MLNK – Get Free Report ) last issued its earnings results on Thursday, August 8th.
The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.
04). MeridianLink had a negative return on equity of 7.62% and a negative net margin of 15.
16%. The business had revenue of $78.70 million for the quarter, compared to analyst estimates of $78.
08 million. During the same period last year, the company posted ($0.06) earnings per share.
The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts anticipate that MeridianLink, Inc.
will post -0.27 EPS for the current year. Institutional Investors Weigh In On MeridianLink Large investors have recently added to or reduced their stakes in the stock.
Jacobs Levy Equity Management Inc. boosted its stake in MeridianLink by 10.9% during the 1st quarter.
Jacobs Levy Equity Management Inc. now owns 263,525 shares of the company’s stock valued at $4,928,000 after purchasing an additional 25,906 shares during the period. SG Capital Management LLC bought a new stake in shares of MeridianLink during the first quarter valued at about $2,117,000.
Vanguard Group Inc. grew its position in MeridianLink by 32.8% in the 1st quarter.
Vanguard Group Inc. now owns 2,756,231 shares of the company’s stock valued at $51,542,000 after buying an additional 680,872 shares in the last quarter. Mirae Asset Global Investments Co.
Ltd. increased its stake in MeridianLink by 11.7% during the 1st quarter.
Mirae Asset Global Investments Co. Ltd. now owns 119,147 shares of the company’s stock valued at $2,228,000 after buying an additional 12,472 shares during the period.
Finally, Gibson Capital LLC acquired a new position in MeridianLink during the 4th quarter valued at about $2,008,000. 82.65% of the stock is owned by institutional investors and hedge funds.
MeridianLink Company Profile ( Get Free Report ) 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. Read More Receive News & Ratings for MeridianLink Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MeridianLink and related companies with MarketBeat.
com's FREE daily email newsletter ..
