MeridianLink, Inc. (NYSE:MLNK) Receives Consensus Rating of “Hold” from Analysts

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

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

MeridianLink Trading Down 0.0 %

Shares of NYSE MLNK opened at $20.31 on Monday. MeridianLink has a fifty-two week low of $16.49 and a fifty-two week high of $25.33. The firm has a market capitalization of $1.53 billion, a P/E ratio of -30.31 and a beta of 0.99. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86. The company’s 50 day simple moving average is $22.39 and its 200 day simple moving average is $22.21.

Insider Buying and Selling

In other news, major shareholder Timothy Nguyen sold 1,701 shares of the company’s 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 completion of the transaction, the insider now owns 10,728,234 shares in the company, valued at $247,285,793.70. This represents a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of the stock in a transaction on Friday, October 18th. The stock was 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 $609,026,767.40. This represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 936,488 shares of company stock valued at $20,208,238. 21.30% of the stock is owned by company insiders.

Institutional Trading of MeridianLink

Several hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of MeridianLink during the third quarter worth about $231,000. Squarepoint Ops LLC acquired a new position in MeridianLink during the 2nd quarter worth approximately $336,000. The Manufacturers Life Insurance Company boosted its position in MeridianLink by 10.1% during 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 during the last quarter. XTX Topco Ltd bought a new position in shares of MeridianLink during the 2nd quarter worth approximately $360,000. Finally, American Century Companies Inc. raised its holdings in shares of MeridianLink by 46.4% in 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 during the last quarter. Institutional investors and hedge funds 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.