MeridianLink (NYSE:MLNK) Stock, Quote.Headers.trade-ideas

MeridianLink

ModusLink Global Solutions, Inc

MeridianLink Inc is a cloud-based software solution for financial institutions, including banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies. It generates maximum revenue from Lending Software Solutions.

News

MLNK

MeridianLink shares are trading lower by 7.7% during Friday&#39;s session. The company announced an underwritten secondary public offering of 6 million shares.

Why MeridianLink (MLNK) Stock Is Trading Lower

nasdaq shutter

Price Target

Reiteration

Analyst Ratings

Movers

Tech

Trading Ideas

JKHY

MSCI

NCNO

NDAQ

SPGI

BofA Securities double-upgraded Nasdaq stock (NDAQ) and raised its price target to $90 due to strong financials and potential for growth in IPOs.

IPO Rebound And FinTech Growth Potential Is Helping Nasdaq: Analyst Double Upgrades Stock

artificial-intelligence-2167835

MeridianLink shares are trading lower by 14.5% Wednesday morning. The company priced a previously announced secondary offering.

Why MeridianLink (MLNK) Shares Are Getting Hammered

MeridianLink Inc

UBS analyst Nik Cremo upgrades MeridianLink (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>) from Sell to Neutral and raises the price target from $18 to $25.5.

Upgrades

UBS Upgrades MeridianLink to Neutral, Raises Price Target to $25.5

Raymond James analyst Brian Peterson maintains MeridianLink (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>) with a Outperform and raises the price target from $26 to $28.

Raymond James Maintains Outperform on MeridianLink, Raises Price Target to $28

MeridianLink (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>) sees Q4 sales of $76.000 million-80.000 million vs $79.31 million estimate.

Guidance

MeridianLink Sees Q4 Sales $76.000M-80.000M vs $79.31M Est

MeridianLink (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>) narrows FY2024 sales outlook from $312.00 million-318.00 million to $313.00 million-317.00 million.

MeridianLink Narrows FY2024 Sales Guidance to $313.00M-317.00M  VS Est.315.81M

MeridianLink (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>) reported quarterly earnings of $0.06 per share which missed the analyst consensus estimate of $0.08 by 25 percent. The company reported quarterly sales of $80.369 million which beat the analyst consensus estimate of $79.969 million by 0.50 percent. This is a 5.07 percent increase over sales of $76.488 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

MeridianLink Q3 2024 Adj. EPS $0.06 Misses $0.08 Estimate, Sales $80.369M Beat $79.969M Estimate

<h3>Gainers</h3>
<ul>
<li>OneConnect Financial Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OCFT#NYSE">OCFT</a>) stock rose 23.9% to $1.9 during Friday's regular session. The market value of their outstanding shares is at $73.9 million. </li>
<li>Aurora Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JG#NASDAQ">JG</a>) stock moved upwards by 19.25% to $7.75. The company's market cap stands at $46.4 million. </li>
<li>Mercurity Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MFH#NASDAQ">MFH</a>) stock moved upwards by 18.47% to $1.64. The market value of their outstanding shares is at $99.4 million. </li>
<li>Smith Micro Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMSI#NASDAQ">SMSI</a>) shares moved upwards by 16.41% to $1.1. The market value of their outstanding shares is at $12.1 million. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) stock moved upwards by 16.25% to $0.39. The market value of their outstanding shares is at $77.2 million. </li>
<li>IonQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) shares increased by 16.2% to $9.37. The company's market cap stands at $2.0 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Intchains Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICG#NASDAQ">ICG</a>) shares decreased by 29.4% to $5.99 during Friday's regular session. The company's market cap stands at $359.1 million. </li>
<li>Yxt.Com Group Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YXT#NASDAQ">YXT</a>) stock decreased by 9.45% to $3.95. The company's market cap stands at $237.1 million. </li>
<li>ReposiTrak (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRAK#NYSE">TRAK</a>) stock decreased by 9.21% to $18.04. The company's market cap stands at $328.7 million. </li>
<li>SmartKem (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTK#NASDAQ">SMTK</a>) stock declined by 8.08% to $4.21. The company's market cap stands at $7.3 million. </li>
<li>Semilux International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SELX#NASDAQ">SELX</a>) stock declined by 7.69% to $1.15. The market value of their outstanding shares is at $43.0 million. </li>
<li>MeridianLink (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>) shares decreased by 7.51% to $21.2. The market value of their outstanding shares is at $1.6 billion. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

IONQ

OCFT

SELX

SMSI

SMTK

TRAK

12 Information Technology Stocks Moving In Friday's Intraday Session

MeridianLink Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>) shares are trading lower by 7.4% to $21.22 during Friday&#8217;s session after the company announced an underwritten secondary public offering of <a href="https://www.benzinga.com/pressreleases/24/09/b41059890/meridianlink-announces-pricing-of-secondary-offering-of-common-stock">6 million shares</a>.
The selling stockholders have also given the underwriter a 30-day option to buy up to an additional 900,000 shares. MeridianLink will not receive any proceeds from this sale. 
The offering is expected to close on September 30, pending customary conditions. J.P. Morgan Securities LLC is managing the offering as the sole underwriter.
Read Also: <a href="https://www.benzinga.com/news/econ-s/24/09/41066122/feds-preferred-inflation-gauge-comes-in-below-expectations-for-august-easing-concerns-about-rising-p">Fed&#8217;s Preferred Inflation Gauge Comes In Below Expectations For August, Easing Concerns About Rising Prices</a>
<h2 class="wp-block-heading">How To Buy MLNK Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in MeridianLink&#8217;s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, MLNK has a 52-week high of $25.88 and a 52-week low of $14.89.

<h3>Gainers</h3>
<ul>
<li>Mercurity Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MFH#NASDAQ">MFH</a>) stock moved upwards by 15.2% to $1.59 during Friday's pre-market session. The market value of their outstanding shares is at $96.7 million. </li>
<li>Alpha Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) shares moved upwards by 14.4% to $4.21. The company's market cap stands at $64.2 million. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) stock increased by 13.28% to $0.38. The company's market cap stands at $75.2 million. </li>
<li>IonQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) shares increased by 8.55% to $8.75. The market value of their outstanding shares is at $1.8 billion. </li>
<li>NOVONIX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVX#NASDAQ">NVX</a>) stock increased by 8.04% to $1.88. The market value of their outstanding shares is at $232.0 million. </li>
<li>OneConnect Financial Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OCFT#NYSE">OCFT</a>) shares increased by 7.84% to $1.65. The market value of their outstanding shares is at $64.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Intchains Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICG#NASDAQ">ICG</a>) shares declined by 14.5% to $7.25 during Friday's pre-market session. The company's market cap stands at $435.0 million. </li>
<li>Trident Digital Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDTH#NASDAQ">TDTH</a>) shares declined by 10.21% to $3.43. The market value of their outstanding shares is at $221.3 million. </li>
<li>MeridianLink (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>) stock declined by 6.55% to $21.42. The company's market cap stands at $1.6 billion. </li>
<li>Saverone 2014 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRE#NASDAQ">SVRE</a>) shares decreased by 4.23% to $0.14. The company's market cap stands at $2.7 million. </li>
<li>Peraso (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRSO#NASDAQ">PRSO</a>) stock decreased by 3.52% to $1.33. The market value of their outstanding shares is at $3.7 million. </li>
<li>DatChat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) stock decreased by 3.28% to $1.18. The market value of their outstanding shares is at $3.5 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ATGL

DATS

Nuveen California Dividend Advantage Municipal Fund 2

PRSO

SVRE

TDTH

12 Information Technology Stocks Moving In Friday's Pre-Market Session

WIIM

MeridianLink shares are trading lower after the company announced an underwirtten secondary public offering of 6,000,000 shares.

Offerings

MeridianLink Announces Launch Of Proposed 6M Share Common Stock Offering By Selling Shareholder

Nasdaq Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) stock gained after B of A Securities analyst Craig Siegenthaler <a target="_blank" href="https://www.benzinga.com/quote/NDAQ/analyst-ratings" rel="noreferrer noopener">double-upgraded the stock</a> from Underperform to Buy and raised its price target from $53 to $90.
Siegenthaler applied a 25x multiple on his 2026 EPS to derive the price target. The multiple implies a slight discount to Nasdaq&#8217;s aspirational software and information services peer group but is a premium to its current valuation.
The analyst highlighted that the solutions segment now comprises 78% of revenue. Information services peers like S&amp;P Global Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>), Moody&#8217;s Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>), and MSCI Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) trade at 30x 2026E earnings and have a fair amount of overlap with Nasdaq&#8217;s Capital Access Platforms segment, the analyst said.
Similarly, its FinTech segment comprises 36% of group revenue, with management guiding toward 10%-14% growth over the medium term. Other financial vertical software companies MeridianLink, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>), nCino, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>), and Jack Henry &amp; Associates, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JKHY#NASDAQ">JKHY</a>) with comparable growth profiles are trading around 30x-40x EPS, the analyst noted. Nasdaq, however, trades at just 21x consensus 2026 EPS, he added.
The analyst noted an upward rerating would stem from a pause in dealmaking, accelerated deleveraging, business streamlining, and an acceleration in revenue growth.
As per Siegenthaler, improving macroeconomic conditions in conjunction with long backlogs should make for an IPO rebound in 2025.
Specifically, equity market valuations have recovered to 2021 levels while volatility should normalize lower after the U.S. presidential election and Fed rate cuts, the analyst said.
At the same time, he added that private equity sponsors have a long pipeline of aging portfolio companies, and limited partners are demanding liquidity.
He said that a comeback in IPOs would directly benefit Nasdaq&#8217;s listings segment and have positive second-derivative impacts on its trading, corporate services, and financial data businesses.
Price Action: NDAQ stock traded higher by 2.22% at $72.97 at the last check on Wednesday.
Photo via Shutterstock

Experienced financial services executive joins the Company to drive the next phase of growth and profitability
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.meridianlink.com%2F%3Futm_campaign%3DPublic%2520Relations%26utm_source%3DPress%2520Release%26utm_medium%3DBusinessWire%26utm_content%3DgenPRnews&amp;esheet=54114097&amp;newsitemid=20240828119235&amp;lan=en-US&amp;anchor=MeridianLink%2C+Inc.&amp;index=1&amp;md5=9bf9b4172240dfcb7352a0a2d69b54c7">MeridianLink, Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>), a leading provider of modern software platforms to financial institutions and consumer reporting agencies, welcomes Elias Olmeta as its Chief Financial Officer. Mr. Olmeta, a seasoned business leader with over three decades of experience as a financial leader, will succeed Larry Katz, who has moved into the role of President.

Management

MeridianLink Appoints Elias Olmeta As CFO

UBS analyst Nik Cremo maintains MeridianLink (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>) with a Sell and raises the price target from $17 to $18.

UBS Maintains Sell on MeridianLink, Raises Price Target to $18

Barclays analyst Saket Kalia maintains MeridianLink (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>) with a Underweight and raises the price target from $18 to $20.

Barclays Maintains Underweight on MeridianLink, Raises Price Target to $20

Stifel analyst Parker Lane maintains MeridianLink (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>) with a Hold and raises the price target from $18 to $22.

Stifel Maintains Hold on MeridianLink, Raises Price Target to $22

MeridianLink (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>) sees Q3 sales of $78.000 million-81.000 million vs $80.05 million estimate.

MeridianLink Sees Q3 Sales $78.000M-81.000M vs $80.05M Est

Business Outlook
Based on information as of today, August 8, 2024, the Company issues third quarter financial guidance and updates full year 2024 financial guidance as follows:
Third Quarter Fiscal 2024:
<ul>
<li>Revenue is expected to be in the range of $78.0 to $81.0</li>
<li>Adjusted EBITDA is expected to be in the range of $30.0 to $33.0</li>
</ul>
Full Year 2024:
<ul>
<li>Revenue is expected to be in the range of $312.0 to $318.0</li>
<li>Adjusted EBITDA is expected to be in the range of $123.0 to $128.0</li>
</ul>
&nbsp;

MeridianLink Narrows FY2024 Sales Guidance from $311.00M-319.00M to $312.00M-318.00M Vs. $316.43M

MeridianLink (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>) reported quarterly earnings of $0.04 per share which missed the analyst consensus estimate of $0.08 by 50 percent. This is a 33.33 percent increase over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $78.676 million which beat the analyst consensus estimate of $77.966 million by 0.91 percent. This is a 4.32 percent increase over sales of $75.415 million the same period last year.

MeridianLink Q2 2024 Adj. EPS $0.04 Misses $0.08 Estimate, Sales $78.676M Beat $77.966M Estimate

MeridianLink Sees Q2 2024 Revenue $76M-$79M Vs $78.8M Estimate

MeridianLink (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>) reported quarterly earnings of $0.06 per share which missed the analyst consensus estimate of $0.07 by 14.29 percent. This is a 500 percent increase over earnings of $0.01 per share from the same period last year. The company reported quarterly sales of $77.816 million which beat the analyst consensus estimate of $76.934 million by 1.15 percent. This is a 0.88 percent increase over sales of $77.135 million the same period last year.

MeridianLink Q1 2024 Adj EPS $0.06 Misses $0.07 Estimate, Sales $77.816M Beat $76.934M Estimate

MeridianLink announces pricing of secondary offering of common stock

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Super Micro Computer (SMCI – Research Report), Gar...

Analysts Offer Insights on Technology Companies: Super Micro Computer (SMCI), Gartner (IT) and MeridianLink (MLNK)

Reports Q3 revenue $80.4M, consensus $80.0M. "Our solid third quarter performance highlights our disciplined execution as a leading vertical SaaS c...

MeridianLink reports Q3 EPS 6c, consensus 8c

Meridianlink, Inc. ( ($MLNK) ) has released its Q3 earnings. Here is a breakdown of the information Meridianlink, Inc. presented to its investors. ...

MeridianLink, Inc. Announces Q3 2024 Earnings Growth

MeridianLink GAAP EPS of -$0.09, revenue of $80.4M

MeridianLink, Inc. 2024 Q3 - Results - Earnings Call Presentation

MeridianLink, Inc. (MLNK) Q3 2024 Earnings Call Transcript

In a report released today, Saket Kalia from Barclays maintained a Sell rating on MeridianLink (MLNK – Research Report), with a price target of $20...

MeridianLink (MLNK) Gets a Sell from Barclays

UBS upgraded MeridianLink (MLNK) to Neutral from Sell with a price target of $22.50, up from $18, post the "strong" Q3 report. The firm cites Merid...

MeridianLink upgraded to Neutral from Sell at UBS

MeridianLink (MLNK) has partnered with ScoreNavigator, a provider of an advanced credit report analysis tool designed to help consumers better unde...

MeridianLink partners with ScoreNavigator

SMCI

Press Releases

MeridianLink to Highlight Company's Digital Progression Model at Jack Henry Connect 2024

MeridianLink Announces Third Quarter 2024 Financial Results Conference Call

MeridianLink Named to IDC Global FinTech Rankings Top 50

MeridianLink Reports Third Quarter 2024 Results

MeridianLink to Participate in Upcoming Investor Conference

MeridianLink and ScoreNavigator Announce Strategic Partnership to Enhance Credit Analysis Capabilities

Shastic Announces Partnership with MeridianLink to Provide AI Workflow Automation for Banks and Credit Unions

MeridianLink Earns 2024 Great Place To Work Certification™ for Fifth Consecutive Year

Fintech

Automatic Partners with MeridianLink to Revolutionize Lender-Dealership Connectivity

Union Credit Partners with MeridianLink to Simplify Lending and Grow Credit Union Membership

Amplitude

Blend Labs

Cipher Mining

Digimarc

Enfusion

EverCommerce

Exodus Movement, Inc. Class A Common Stock

Exodus Movement

BitFuFu

Jamf Holding

Karooooo

Matterport

NextNav

Opera Limited - American Depositary Shares

Opera

PagerDuty

Pros Holdings

D-Wave Quantum

Quantum Computing

Riskified

Sprout Social, Inc - Class A Common Stock

Sprout Social

Tuya Inc. American Depositary Shares, each representing one Class A Ordinary Share

Comments

MeridianLink

MeridianLink (MLNK) Forecast

MeridianLink (NYSE:MLNK) Stock, Quote.Headers.trade-ideas

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga