MeridianLink (NYSE:MLNK) Announces Earnings Results

MeridianLink (NYSE:MLNK) released its earnings results on Thursday. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.04), Briefing.com reports. The business had revenue of $78.70 million for the quarter, compared to analyst estimates of $78.08 million. MeridianLink had a negative return on equity of 6.72% and a negative net margin of 13.86%. MeridianLink’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) EPS. MeridianLink updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.

MeridianLink Trading Down 5.4 %

Shares of NYSE:MLNK opened at $21.21 on Friday. The stock has a market cap of $1.63 billion, a PE ratio of -39.28 and a beta of 1.02. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.90. MeridianLink has a 12-month low of $14.89 and a 12-month high of $25.88. The business has a 50 day moving average of $21.66 and a 200-day moving average of $19.74.

Analysts Set New Price Targets

A number of brokerages recently commented on MLNK. Stifel Nicolaus lifted their price objective on MeridianLink from $18.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday. Barclays upped their price target on MeridianLink from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $20.40.

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.