MeridianLink, Inc. (NYSE:MLNK) Receives $22.90 Average Price Target from Brokerages

MeridianLink, Inc. (NYSE:MLNK) has received a consensus rating of “Hold” from the seven ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $22.90.

A number of equities research analysts recently issued reports on the company. Raymond James raised their price target on MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. UBS Group raised shares of MeridianLink from a “sell” rating to a “neutral” rating and raised their price target for the stock from $18.00 to $22.50 in a research report on Monday, November 11th.

Insider Transactions at MeridianLink

In other MeridianLink news, major shareholder Thoma Bravo Ugp, Llc sold 6,000,000 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $21.05, for a total value of $126,300,000.00. Following the transaction, the insider now owns 29,582,388 shares of the company’s stock, valued at approximately $622,709,267.40. This represents a 16.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Nicolaas Vlok sold 29,217 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $22.80, for a total value of $666,147.60. Following the transaction, the chief executive officer now owns 1,043,382 shares of the company’s stock, valued at approximately $23,789,109.60. This trade represents a 2.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,864,860 shares of company stock valued at $144,991,819. Company insiders own 21.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Pure Financial Advisors LLC bought a new stake in MeridianLink in the second quarter valued at $434,000. Bank of New York Mellon Corp grew its stake in MeridianLink by 14.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 98,299 shares of the company’s stock valued at $2,100,000 after buying an additional 12,302 shares in the last quarter. nVerses Capital LLC purchased a new stake in MeridianLink during the 2nd quarter worth about $41,000. Rhumbline Advisers boosted its position in shares of MeridianLink by 6.4% in the second quarter. Rhumbline Advisers now owns 43,865 shares of the company’s stock valued at $937,000 after acquiring an additional 2,633 shares during the period. Finally, American Century Companies Inc. grew its position in shares of MeridianLink by 46.4% during the 2nd 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. 82.65% of the stock is owned by institutional investors.

MeridianLink Trading Down 1.5 %

Shares of MLNK stock opened at $22.42 on Thursday. The firm has a fifty day moving average price of $22.32 and a 200-day moving average price of $22.05. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -33.46 and a beta of 0.99. MeridianLink has a 1 year low of $16.49 and a 1 year high of $25.88. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86.

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.