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

Shares of MeridianLink, Inc. (NYSE:MLNK) have earned an average recommendation of “Hold” from the seven research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $22.90.

Several research firms have weighed in on MLNK. Raymond James boosted 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 raised MeridianLink from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $18.00 to $22.50 in a research report on Monday, November 11th.

Insider Activity

In related news, CEO Nicolaas Vlok sold 71,598 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $21.17, for a total transaction of $1,515,729.66. Following the completion of the sale, the chief executive officer now directly owns 1,043,382 shares in the company, valued at $22,088,396.94. This represents a 6.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of the company’s stock in a transaction 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 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. In the last three months, insiders sold 936,488 shares of company stock worth $20,208,238. 21.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MeridianLink

A number of institutional investors and hedge funds have recently bought and sold shares of MLNK. SG Americas Securities LLC acquired a new position in MeridianLink in the 3rd quarter worth about $231,000. Squarepoint Ops LLC acquired a new position in MeridianLink in the 2nd quarter worth about $336,000. The Manufacturers Life Insurance Company increased its holdings 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 purchasing an additional 1,490 shares in the last quarter. XTX Topco Ltd acquired a new position in MeridianLink in the 2nd quarter worth about $360,000. Finally, American Century Companies Inc. increased its holdings in MeridianLink by 46.4% in the 2nd quarter. American Century Companies Inc. now owns 18,896 shares of the company’s stock worth $404,000 after purchasing an additional 5,988 shares in the last quarter. Institutional investors and hedge funds own 82.65% of the company’s stock.

MeridianLink Trading Down 4.9 %

NYSE MLNK opened at $18.63 on Monday. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of -27.81 and a beta of 1.02. The stock’s 50 day moving average price is $22.15 and its two-hundred day moving average price is $22.14. 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 52 week low of $16.49 and a 52 week high of $25.33.

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.