Analyst RatingThe analyst has upgraded the rating to Neutral due to more consistent execution on the top and bottom line, a more favorable lending environment anticipated, and increasing customer confidence.
Financial PerformanceThe Q3 adjusted EBITDA margins expanded around 300 basis points year-over-year to approximately 42%, driven by continued cost execution.
Shareholder ReturnsMeridianLink executed approximately $31 million in share repurchases during Q3, totaling about $106 million returned to shareholders year-to-date.