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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.

MeridianLink Inc

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

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.

Guidance

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.

Earnings

Earnings Beats

Earnings Misses

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

MLKN

CORRECTION: MillerKnoll Ticker Is 'MLKN'

(b)&nbsp;&nbsp;&nbsp;&nbsp;Resignation of Cody Cowan as Director
&nbsp;
On March 14, 2024, Cody Cowan notified MeridianLink, Inc. (the &ldquo;Company&rdquo;) of his resignation from its Board of Directors (the &ldquo;Board&rdquo;) and its committees, effective March 15, 2024. Mr. Cowan&rsquo;s decision to resign is not due to any disagreement with the Company on any matter relating to the Company&rsquo;s operations, policies, or practices. The Company is grateful for Mr. Cowan&rsquo;s commitment and service to the Company and the Board.
&nbsp;
Resignation of Sean Blitchok as Chief Financial Officer
&nbsp;
On March 18, 2024, the Company announced that Sean Blitchok will resign upon mutual agreement with the Board as the Company&rsquo;s Treasurer and Chief Financial Officer, including as principal accounting officer and principal financial officer, effective as of April 1, 2024. Mr. Blitchok&rsquo;s resignation is not the result of any disagreements with the Company on any matter relating to the Company&rsquo;s operations, policies, or practices.
&nbsp;
In connection with his resignation, the Company entered into a Transition Agreement with Mr. Blitchok (the &ldquo;Transition Agreement&rdquo;), subject to the terms of which, including the requirement that Mr. Blitchok executes and does not revoke a general release of claims against the Company: (i) Mr. Blitchok will not be eligible for any severance pursuant to the terms of his employment agreement or otherwise, (ii) upon his resignation as Chief Financial Officer, Mr. Blitchok will no longer be an employee of the Company, but he shall serve as an advisor to the Company through September 30, 2024, or any such earlier date as defined in the Transition Agreement, (the &ldquo;Advisory Period&rdquo;) and will receive consulting fees of&nbsp;$20,000&nbsp;per month, and (iii) Mr. Blitchok will continue to vest in his outstanding equity grants through the end of the Advisory Period. The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the full text of the Transition Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
&nbsp;
(c) (d)&nbsp;&nbsp;&nbsp;&nbsp;Appointment of Laurence E. Katz as Chief Financial Officer and Director
&nbsp;
On March 18, 2024, the Company announced that the Board has appointed Laurence E. Katz, age 54, as the Company&rsquo;s Chief Financial Officer and class I director of the Board, effective upon the commencement of his employment, which is expected to be April 1, 2024 (the &ldquo;Start Date&rdquo;). The term of the Company&rsquo;s class I directors, including Mr. Katz, expires on the date of the Company&rsquo;s annual meeting of stockholders to be held in 2025 or upon the election and qualification of successor directors. Mr. Katz will serve as the Company&rsquo;s principal accounting officer and principal financial officer effective as of the Start Date.
&nbsp;
Prior to joining the Company, Mr. Katz served as an independent consultant and senior advisor to various private equity firms since April 2023. Prior to that, Mr. Katz served as a partner at WestCap, a strategic operating and investing firm, from October 2021 to March 2023. From June 2020 to September 2021, Mr. Katz acted as chief financial officer at StubHub, a secondary marketplace for live event ticketing, and, from March to June 2020, acted as its treasurer. Mr. Katz served as chief financial officer of Genesys, a global cloud leader in AI-powered experience orchestration, from December 2016 to October 2019. Before joining Genesys, Mr. Katz held various executive leadership positions spanning across diverse business units and functions at JPMorgan Chase &amp; Co. from 2001 and began his career at The Walt Disney Company in its Strategic Planning group. Mr. Katz previously served on the board of directors and as chair of the audit committee for Stratim Cloud Acquisition Corp. from March 2021 to May 2022. Mr. Katz holds a B.A. in political science from Yale University and an M.B.A from Harvard Business School

MeridianLink Tapped Laurence E. Katz as the CFO and Director Effective April 1 Upon Resignation of Cody Cowan

MeridianLink Says Sean Blitchok Will Step Down As Its CFO On April 1; Larry Katz To Join As Its New CFO And Member Of Its Board

Barclays analyst Saket Kalia maintains MeridianLink (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>) with a Underweight and lowers the price target from $23 to $20.

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

Stifel has decided to maintain its Hold rating of MeridianLink (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>) and lower its price target from $20.00 to $18.00.
Shares of MeridianLink are trading up 1.11% over the last 24 hours, at $19.10 per share.
A move to $18.00 would account for a 5.76% decrease from the current share price.
<h3>About MeridianLink</h3>
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.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Stifel Maintains Hold Rating for MeridianLink: Here's What You Need To Know

Stifel analyst Parker Lane maintains MeridianLink (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>) with a Hold and lowers the price target from $20 to $18.

Stifel Maintains Hold on MeridianLink, Lowers Price Target to $18

Citigroup analyst Andrew Schmidt maintains MeridianLink (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>) with a Neutral and lowers the price target from $23.5 to $22.

Citigroup Maintains Neutral on MeridianLink, Lowers Price Target to $22

MeridianLink Sees FY24 Revenue $313.0M-$323.0M Vs $329.197M Est.

MeridianLink Sees Q1 2024 Revenue $75M-$78M Vs $81.631M Est.

MeridianLink (MLNK) has provided an announcement. On August 8, 2024, the Company unveiled its second-quarter financial results, ending June 30, 202...

MeridianLink Announces Q2 Financial Results and Presentation

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
MeridianLink (NYSE:<a href="https://investorplace.com/stock-quotes/mlnk-stock-quote/">MLNK</a>) just reported results for the second quarter of 2024.<ul><li>MeridianLink reported earnings per share of 4 cents. This was below the analyst estimate for EPS of 8 cents.</li><li>The company reported revenue of $78.68 million.</li><li>This was 0.91% better than the analyst estimate for revenue of $77.97 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/mlnk-stock-earnings-meridianlink-for-q2-of-2024/">MLNK Stock Earnings: MeridianLink Misses EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

MLNK Stock Earnings: MeridianLink Misses EPS, Beats Revenue for Q2 2024

MeridianLink GAAP EPS of -$0.13

In a report released today, J. Parker Lane from Stifel Nicolaus maintained a Hold rating on MeridianLink (MLNK – Research Report), with a price tar...

Stifel Nicolaus Sticks to Their Hold Rating for MeridianLink (MLNK)

MeridianLink, Inc. 2024 Q2 - Results - Earnings Call Presentation

MeridianLink, Inc. (MLNK) Q2 2024 Earnings Call Transcript

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on MeridianLink (MLNK – Research Report), Avnet (AVT ...

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