MeridianLink hits over one-month high after Q4 revenue beats expectations

Meridianlink

07/03/2025 17:28

** Shares of financial software provider MeridianLink MLNK.N jump as much as 15.5%, hitting their highest since late January

** Stock last up 11.7% at $20.60

** Late Thursday, MLNK reported Q4 revenue above Wall Street expectations

** MLNK also authorized repurchase of up to $129.5 million worth of shares

** Citi Research says new customer wins hitting a two-year high was a bright spot, which included a deal with an $8 billion bank

** Brokerage maintains "neutral" rating as it looks for consistency in an uneven macro environment

** William Blair believes MLNK remains in a solid competitive position, with revenue growth poised to accelerate when the market normalizes

** MLNK stock flat YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))