MeridianLink (MLNK) Expected to Announce Earnings on Thursday

MeridianLink (NYSE:MLNK) is expected to release its earnings data after the market closes on Thursday, March 6th. Analysts expect MeridianLink to post earnings of $0.08 per share and revenue of $78.28 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

MeridianLink Price Performance

MLNK opened at $18.15 on Thursday. The company has a 50-day moving average of $19.74 and a 200-day moving average of $21.45. The company has a market capitalization of $1.37 billion, a P/E ratio of -27.09 and a beta of 1.00. MeridianLink has a 1-year low of $16.49 and a 1-year high of $25.33. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Activity at MeridianLink

In related news, CEO Nicolaas Vlok sold 71,598 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $21.17, for a total transaction of $1,515,729.66. Following the completion of the sale, the chief executive officer now directly owns 1,043,382 shares of the company’s stock, valued at $22,088,396.94. This represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Timothy Nguyen sold 5,666 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $23.01, for a total transaction of $130,374.66. Following the sale, the insider now directly owns 10,619,126 shares of the company’s stock, valued at approximately $244,346,089.26. This represents a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 174,011 shares of company stock valued at $3,888,467 over the last ninety days. Insiders own 21.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on MLNK. Raymond James boosted their price objective on shares of MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Bank of America downgraded shares of MeridianLink from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $28.00 to $18.00 in a research report on Thursday, January 30th. Finally, UBS Group raised shares of MeridianLink from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $18.00 to $22.50 in a research report on Monday, November 11th. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $22.08.

About MeridianLink

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.