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

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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

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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

B of A Securities analyst Koji Ikeda downgrades MeridianLink (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>) from Buy to Underperform and lowers the price target from $28 to $18.

Downgrades

B of A Securities Downgrades MeridianLink to Underperform, Lowers Price Target to $18

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.

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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.

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

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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>
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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.

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