MeridianLink, Inc. (NYSE:MLNK) Receives $22.90 Average PT from Analysts

MeridianLink, Inc. (NYSE:MLNK) has received an average recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $22.90.

MLNK has been the subject of a number of recent analyst reports. Raymond James upped their target price on MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, November 8th. UBS Group upgraded MeridianLink from a “sell” rating to a “neutral” rating and upped their price target for the stock from $18.00 to $22.50 in a research note on Monday, November 11th.

MeridianLink Stock Down 1.9 %

MLNK opened at $19.58 on Monday. The business’s 50-day moving average price is $22.27 and its 200-day moving average price is $22.18. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11. MeridianLink has a 12 month low of $16.49 and a 12 month high of $25.33. The company has a market cap of $1.48 billion, a P/E ratio of -29.22 and a beta of 1.02.

Insider Activity at MeridianLink

In related news, major shareholder Timothy Nguyen sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $23.50, for a total value of $2,350,000.00. Following the transaction, the insider now owns 10,928,412 shares of the company’s stock, valued at approximately $256,817,682. This trade represents a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $21.05, for a total transaction of $13,682,500.00. Following the sale, the insider now directly owns 28,932,388 shares of the company’s stock, valued at approximately $609,026,767.40. This represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 936,488 shares of company stock valued at $20,208,238 over the last ninety days. Insiders own 21.30% of the company’s stock.

Institutional Investors Weigh In On MeridianLink

A number of hedge funds have recently modified their holdings of MLNK. SG Americas Securities LLC purchased a new position in MeridianLink during the third quarter valued at $231,000. Squarepoint Ops LLC purchased a new position in MeridianLink during the second quarter valued at $336,000. The Manufacturers Life Insurance Company lifted its position in MeridianLink by 10.1% during the second quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company’s stock valued at $346,000 after purchasing an additional 1,490 shares in the last quarter. XTX Topco Ltd purchased a new position in MeridianLink during the second quarter valued at $360,000. Finally, American Century Companies Inc. lifted its position in MeridianLink by 46.4% during the second quarter. American Century Companies Inc. now owns 18,896 shares of the company’s stock valued at $404,000 after purchasing an additional 5,988 shares in the last quarter. 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.