MeridianLink (MLNK) to Release Quarterly Earnings on Thursday

MeridianLink (NYSE:MLNK) is set to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. MeridianLink has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

MeridianLink (NYSE:MLNK) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.04). The firm had revenue of $78.70 million for the quarter, compared to analysts’ expectations of $78.08 million. MeridianLink had a negative return on equity of 7.62% and a negative net margin of 15.16%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.06) 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 Trading Up 0.5 %

Shares of MLNK stock traded up $0.12 on Tuesday, hitting $23.21. The stock had a trading volume of 12,452 shares, compared to its average volume of 264,483. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.04 and a quick ratio of 2.04. MeridianLink has a 1 year low of $16.49 and a 1 year high of $25.88. The company’s 50 day moving average price is $22.08 and its 200-day moving average price is $20.98.

Insider Buying and Selling at MeridianLink

In related news, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of MeridianLink stock in a transaction on Friday, October 18th. The stock was sold at an average price of $21.05, for a total transaction of $13,682,500.00. Following the completion of the transaction, the insider now directly owns 28,932,388 shares of the company’s stock, valued at approximately $609,026,767.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 21.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MLNK has been the subject of a number of analyst reports. UBS Group boosted their price objective on MeridianLink from $17.00 to $18.00 and gave the stock a “sell” rating in a research report on Tuesday, August 13th. Barclays raised their price objective on shares of MeridianLink from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Friday, August 9th. Finally, Stifel Nicolaus upped their price target on MeridianLink from $18.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.50.

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.