MeridianLink, Inc. (NYSE:MLNK) Receives $20.58 Consensus Price Target from Brokerages

Shares of MeridianLink, Inc. (NYSE:MLNK) have earned a consensus rating of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $20.58.

MLNK has been the topic of several recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of MeridianLink in a research note on Friday, March 7th. Citigroup reduced their target price on shares of MeridianLink from $24.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Bank of America cut MeridianLink from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $28.00 to $18.00 in a research note on Thursday, January 30th. Raymond James decreased their target price on MeridianLink from $28.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Finally, UBS Group lowered their price target on shares of MeridianLink from $25.50 to $20.50 and set a “neutral” rating for the company in a research report on Tuesday, March 4th.

MeridianLink Stock Performance

MLNK stock opened at $19.46 on Friday. MeridianLink has a twelve month low of $16.49 and a twelve month high of $25.33. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of -29.05 and a beta of 1.01. The business’s fifty day simple moving average is $19.30 and its two-hundred day simple moving average is $21.05. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11.

Institutional Investors Weigh In On MeridianLink

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System grew its holdings in MeridianLink by 28.4% in the fourth quarter. California State Teachers Retirement System now owns 28,312 shares of the company’s stock worth $585,000 after purchasing an additional 6,268 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of MeridianLink by 47.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 33,167 shares of the company’s stock worth $685,000 after purchasing an additional 10,600 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in MeridianLink by 46.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,440 shares of the company’s stock worth $1,496,000 after buying an additional 22,858 shares during the last quarter. Western Standard LLC acquired a new position in MeridianLink during the 4th quarter valued at about $7,223,000. Finally, Woodline Partners LP purchased a new stake in MeridianLink in the fourth quarter valued at about $219,000. 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.