MeridianLink (MLNK) to Release Quarterly Earnings on Tuesday

MeridianLink (NYSE:MLNK) is set to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect MeridianLink to post earnings of $0.09 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

MeridianLink (NYSE:MLNK) last issued its quarterly earnings data on Tuesday, March 5th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.23). The company had revenue of $74.60 million for the quarter, compared to the consensus estimate of $74.61 million. MeridianLink had a negative return on equity of 6.77% and a negative net margin of 14.01%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.05) earnings per share. 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 business’s 50 day moving average is $18.02 and its 200 day moving average is $19.81. MeridianLink has a 12-month low of $14.89 and a 12-month 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.

Insider Buying and Selling at MeridianLink

In other news, Director Timothy Nguyen sold 1,657,246 shares of MeridianLink stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $18.29, for a total value of $30,311,029.34. Following the completion of the transaction, the director now owns 1,014,526 shares in the company, valued at $18,555,680.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 21.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on MLNK. Barclays decreased their price objective on shares of MeridianLink from $23.00 to $20.00 and set an “underweight” rating for the company in a research note on Thursday, March 7th. William Blair reiterated an “outperform” rating on shares of MeridianLink in a report on Wednesday, March 6th. Citigroup reduced their price objective on MeridianLink from $23.50 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. Stifel Nicolaus decreased their target price on MeridianLink from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Wednesday, March 6th. Finally, Wolfe Research raised shares of MeridianLink from an “underperform” rating to a “peer perform” rating in a report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average 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.