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

Shares of MeridianLink, Inc. (NYSE:MLNK) have received a consensus rating of “Hold” from the seven analysts that are covering the firm, MarketBeat.com reports. One equities research 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 12 month price target among analysts that have covered the stock in the last year is $22.90.

MLNK has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price objective on shares of MeridianLink from $18.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. UBS Group upgraded MeridianLink from a “sell” rating to a “neutral” rating and lifted their price target for the company from $18.00 to $22.50 in a report on Monday, November 11th. Barclays upped their price target on MeridianLink from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Friday, August 9th. Finally, Raymond James upped their target price on MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

MeridianLink Stock Performance

Shares of MLNK opened at $22.90 on Friday. The company has a 50-day moving average of $22.12 and a two-hundred day moving average of $21.53. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of -34.18 and a beta of 0.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86. MeridianLink has a one year low of $16.49 and a one year high of $25.88.

Insider Activity

In related news, major shareholder Timothy Nguyen sold 100,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $23.50, for a total transaction of $2,350,000.00. Following the completion of the transaction, the insider now owns 10,928,412 shares of the company’s stock, valued at approximately $256,817,682. The trade was a 0.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the transaction, the insider now directly owns 28,932,388 shares in the company, valued at approximately $609,026,767.40. This represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,750,000 shares of company stock valued at $142,332,500 over the last 90 days. 21.30% of the stock is currently owned by company insiders.

Institutional Trading of MeridianLink

Several hedge funds and other institutional investors have recently bought and sold shares of MLNK. Vanguard Group Inc. lifted its stake in shares of MeridianLink by 32.8% in the first quarter. Vanguard Group Inc. now owns 2,756,231 shares of the company’s stock valued at $51,542,000 after buying an additional 680,872 shares during the period. Keenan Capital LLC raised its holdings in MeridianLink by 9.6% in the 1st quarter. Keenan Capital LLC now owns 2,565,269 shares of the company’s stock valued at $47,971,000 after acquiring an additional 225,000 shares in the last quarter. WCM Investment Management LLC grew its holdings in shares of MeridianLink by 1.0% during the 3rd quarter. WCM Investment Management LLC now owns 1,159,590 shares of the company’s stock worth $24,340,000 after purchasing an additional 12,002 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of MeridianLink by 23.3% during the second quarter. Dimensional Fund Advisors LP now owns 797,074 shares of the company’s stock valued at $17,026,000 after purchasing an additional 150,712 shares during the period. Finally, State Street Corp raised its stake in shares of MeridianLink by 20.7% in the third quarter. State Street Corp now owns 667,201 shares of the company’s stock valued at $13,724,000 after purchasing an additional 114,578 shares in the last quarter. 82.65% of the stock is currently owned by institutional investors and hedge funds.

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.