MeridianLink, Inc. (NYSE:MLNK) Receives $22.08 Average PT from Analysts

Shares of MeridianLink, Inc. (NYSE:MLNK) have received an average rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $22.08.

Several research firms have recently commented on MLNK. Bank of America downgraded shares of MeridianLink from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $28.00 to $18.00 in a report on Thursday, January 30th. Raymond James increased their target price on shares of MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, UBS Group upgraded shares of 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 research report on Monday, November 11th.

Insiders Place Their Bets

In related news, CEO Nicolaas Vlok sold 29,217 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $22.80, for a total value of $666,147.60. Following the sale, the chief executive officer now directly owns 1,043,382 shares of the company’s stock, valued at approximately $23,789,109.60. This represents a 2.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Timothy Nguyen sold 27,500 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $23.43, for a total transaction of $644,325.00. Following the completion of the sale, the insider now directly owns 10,640,130 shares in the company, valued at approximately $249,298,245.90. The trade was a 0.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 174,011 shares of company stock worth $3,888,467. 21.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MLNK. Victory Capital Management Inc. purchased a new position in shares of MeridianLink during the 4th quarter worth about $29,461,000. Polar Asset Management Partners Inc. purchased a new position in MeridianLink in the third quarter valued at approximately $8,598,000. Western Standard LLC purchased a new position in MeridianLink in the fourth quarter valued at approximately $7,223,000. Vanguard Group Inc. raised its holdings in MeridianLink by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 3,266,023 shares of the company’s stock valued at $67,443,000 after buying an additional 310,228 shares during the period. Finally, Maven Securities LTD purchased a new position in MeridianLink in the third quarter valued at approximately $5,377,000. 82.65% of the stock is currently owned by hedge funds and other institutional investors.

MeridianLink Trading Up 0.3 %

Shares of MeridianLink stock opened at $18.26 on Tuesday. 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 firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -27.25 and a beta of 1.00. The firm’s 50 day simple moving average is $19.63 and its two-hundred day simple moving average is $21.40.

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.