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

MeridianLink, Inc. (NYSE:MLNK) has received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $20.60.

Several research firms have commented on MLNK. UBS Group increased their price objective 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 increased their target price on shares of MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Finally, Barclays increased their target price on shares of MeridianLink from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Friday, August 9th.

MeridianLink Price Performance

MLNK stock opened at $20.84 on Wednesday. MeridianLink has a 52 week low of $14.89 and a 52 week high of $25.88. 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 fifty day simple moving average of $22.09 and a two-hundred day simple moving average of $20.73. The firm has a market capitalization of $1.58 billion, a P/E ratio of -34.16 and a beta of 1.00.

MeridianLink (NYSE:MLNK) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.04). MeridianLink had a negative net margin of 15.16% and a negative return on equity of 7.62%. The business had revenue of $78.70 million for the quarter, compared to the consensus estimate of $78.08 million. During the same quarter last year, the business earned ($0.06) EPS. MeridianLink’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts anticipate that MeridianLink will post -0.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $21.05, for a total value of $13,682,500.00. Following the transaction, the insider now owns 28,932,388 shares of the company’s stock, valued at $609,026,767.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 21.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its holdings in shares of MeridianLink by 10.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company’s stock valued at $346,000 after buying an additional 1,490 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of MeridianLink in the 2nd quarter valued at about $41,000. Rhumbline Advisers boosted its holdings in shares of MeridianLink by 6.4% in the 2nd quarter. Rhumbline Advisers now owns 43,865 shares of the company’s stock valued at $937,000 after buying an additional 2,633 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of MeridianLink by 26.4% in the 1st quarter. Russell Investments Group Ltd. now owns 15,430 shares of the company’s stock valued at $289,000 after buying an additional 3,226 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of MeridianLink by 46.4% in the 2nd quarter. American Century Companies Inc. now owns 18,896 shares of the company’s stock valued at $404,000 after buying an additional 5,988 shares in the last quarter. Hedge funds and other institutional investors own 82.65% of the company’s stock.

About MeridianLink

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.