Merlin, Inc. Common Stock (NASDAQ:MRLN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $10.50.

Several equities research analysts have commented on the stock. Cantor Fitzgerald dropped their price target on shares of Merlin, Inc. Common Stock from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Friday, August 14th. Northland Securities started coverage on shares of Merlin, Inc. Common Stock in a research report on Tuesday, July 21st. They set an “outperform” rating and a $10.00 price objective for the company. Wall Street Zen cut shares of Merlin, Inc. Common Stock to a “strong sell” rating in a research note on Saturday, May 23rd. Weiss Ratings upgraded shares of Merlin, Inc. Common Stock from a “sell (e-)” rating to a “sell (e)” rating in a report on Tuesday, June 9th. Finally, TD Cowen cut their target price on shares of Merlin, Inc. Common Stock from $11.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, July 13th.

Merlin, Inc. Common Stock Price Performance

MRLN opened at $3.52 on Friday. The firm has a market capitalization of $355.77 million, a P/E ratio of -2.38 and a beta of 1.87. Merlin, Inc. Common Stock has a 1-year low of $3.16 and a 1-year high of $17.00. The business has a 50 day moving average price of $4.24.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($1.12). The firm had revenue of $2.19 million during the quarter. As a group, research analysts predict that Merlin, Inc. Common Stock will post -2.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Merlin, Inc. Common Stock

An institutional investor recently bought a new stake in Merlin, Inc. Common Stock stock. Ancora Advisors LLC acquired a new position in shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,083,439 shares of the company’s stock, valued at approximately $19,318,000. Ancora Advisors LLC owned approximately 1.12% of Merlin, Inc. Common Stock as of its most recent SEC filing.

About Merlin, Inc. Common Stock

Merlin Inc is focused on developing autonomous flight software for legacy and next-generation airborne systems. Its aircraft-agnostic, AI-based software supports takeoff-to-landing autonomous operations for military and civil aviation programs. The company aims to build an AI-based operating software platform intended to support autonomous flight operations across a range of aircraft types.