MeridianLink, Inc. (NYSE:MLNK) Receives $20.60 Average Price Target from Brokerages

Shares of MeridianLink, Inc. (NYSE:MLNK) have been given an average rating of “Hold” by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $20.60.

A number of research analysts have recently commented on MLNK shares. UBS Group boosted their price target on shares of MeridianLink from $17.00 to $18.00 and gave the company a “sell” rating in a research report on Tuesday, August 13th. Stifel Nicolaus boosted their target price on MeridianLink from $18.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Finally, Barclays upped their target price on MeridianLink from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Friday, August 9th.

MeridianLink Price Performance

Shares of NYSE:MLNK opened at $20.56 on Friday. The firm has a market capitalization of $1.58 billion, a PE ratio of -38.07 and a beta of 1.01. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.06. The company has a 50-day moving average price of $22.73 and a two-hundred day moving average price of $20.44. MeridianLink has a twelve month low of $14.89 and a twelve month high of $25.88.

MeridianLink (NYSE:MLNK) last posted its earnings results on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.04). The company had revenue of $78.70 million for the quarter, compared to analysts’ expectations of $78.08 million. MeridianLink had a negative return on equity of 7.62% and a negative net margin of 15.16%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) EPS. Equities analysts forecast that MeridianLink will post -0.27 EPS for the current year.

Insider Buying and Selling at MeridianLink

In other MeridianLink news, major shareholder Thoma Bravo Ugp, Llc sold 6,000,000 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $21.05, for a total transaction of $126,300,000.00. Following the completion of the transaction, the insider now owns 29,582,388 shares of the company’s stock, valued at approximately $622,709,267.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 21.30% of the company’s stock.

Hedge Funds Weigh In On MeridianLink

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in MeridianLink by 32.8% during the first quarter. Vanguard Group Inc. now owns 2,756,231 shares of the company’s stock valued at $51,542,000 after buying an additional 680,872 shares during the period. Keenan Capital LLC increased its stake in shares of MeridianLink by 9.6% in the 1st quarter. Keenan Capital LLC now owns 2,565,269 shares of the company’s stock worth $47,971,000 after acquiring an additional 225,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in MeridianLink by 23.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 797,074 shares of the company’s stock valued at $17,026,000 after acquiring an additional 150,712 shares during the period. SG Capital Management LLC bought a new stake in MeridianLink during the first quarter worth about $2,117,000. Finally, Gibson Capital LLC purchased a new stake in MeridianLink in the fourth quarter worth about $2,008,000. 82.65% of the stock is owned by institutional investors.

MeridianLink Company Profile

MeridianLink, Inc, a software and services company, provides software solutions for banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies in the United States. The company offers MeridianLink One, a multi-product platform that can be tailored to meet the needs of customers as they digitally transform their organizations and adapt to changing business and consumer demands; MeridianLink Portal, a Point of Sale system that allows financial institutions to expand existing lending and deposit account; MeridianLink Opening, a cloud-based online account opening and deposit software solution; MeridianLink Consumer, a full loan solution suite to banks and credit unions; and MeridianLink DecisionLender, a loan origination software (LOS) for finance companies.