MeridianLink, Inc. (NYSE:MLNK) Receives $22.90 Consensus PT from Brokerages

Shares of MeridianLink, Inc. (NYSE:MLNK) have received a consensus rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $22.90.

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

MeridianLink Stock Performance

Shares of MLNK stock opened at $22.42 on Thursday. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of -33.46 and a beta of 0.99. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86. MeridianLink has a one year low of $16.49 and a one year high of $25.88. The company’s 50-day moving average is $22.32 and its 200 day moving average is $22.05.

Insider Transactions at MeridianLink

In other MeridianLink news, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of MeridianLink stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $21.05, for a total value of $13,682,500.00. Following the sale, the insider now owns 28,932,388 shares of the company’s stock, valued at $609,026,767.40. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Timothy Nguyen sold 1,701 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $23.05, for a total value of $39,208.05. Following the transaction, the insider now owns 10,728,234 shares of the company’s stock, valued at $247,285,793.70. This represents a 0.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,864,860 shares of company stock valued at $144,991,819 over the last three months. Corporate insiders own 21.30% of the company’s stock.

Institutional Investors Weigh In On MeridianLink

Hedge funds have recently bought and sold shares of the business. nVerses Capital LLC purchased a new position in MeridianLink during the second quarter worth $41,000. SG Americas Securities LLC bought a new stake in MeridianLink during the 3rd quarter valued at about $231,000. Squarepoint Ops LLC purchased a new stake in MeridianLink in the 2nd quarter valued at about $336,000. The Manufacturers Life Insurance Company grew its stake in MeridianLink by 10.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company’s stock worth $346,000 after acquiring an additional 1,490 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in MeridianLink in the second quarter worth approximately $360,000. Hedge funds and other institutional investors own 82.65% of the company’s stock.

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.