William Blair Reiterates Outperform Rating for MeridianLink (NYSE:MLNK)

MeridianLink (NYSE:MLNK)‘s stock had its “outperform” rating reaffirmed by stock analysts at William Blair in a research report issued to clients and investors on Friday,RTT News reports.

Several other brokerages have also commented on MLNK. Barclays decreased their price target on MeridianLink from $20.00 to $19.00 and set an “underweight” rating on the stock in a research note on Friday. UBS Group reduced their price target on shares of MeridianLink from $25.50 to $20.50 and set a “neutral” rating on the stock in a research note on Tuesday. Bank of America downgraded shares of MeridianLink from a “buy” rating to an “underperform” rating and dropped their target price for the company from $28.00 to $18.00 in a report on Thursday, January 30th. Finally, Raymond James dropped their price objective on MeridianLink from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $20.70.

MeridianLink Trading Up 11.6 %

Shares of MLNK stock traded up $2.14 on Friday, hitting $20.57. 256,653 shares of the stock traded hands, compared to its average volume of 219,081. MeridianLink has a twelve month low of $16.49 and a twelve month high of $25.33. The stock has a market capitalization of $1.55 billion, a PE ratio of -30.69 and a beta of 1.01. The firm’s 50-day moving average price is $19.39 and its two-hundred day moving average price is $21.32. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Activity at MeridianLink

In related news, CEO Nicolaas Vlok sold 71,598 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $21.17, for a total value of $1,515,729.66. Following the sale, the chief executive officer now directly owns 1,043,382 shares of the company’s stock, valued at approximately $22,088,396.94. This trade represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Timothy Nguyen sold 5,666 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.01, for a total transaction of $130,374.66. Following the completion of the sale, the insider now directly owns 10,619,126 shares of the company’s stock, valued at $244,346,089.26. The trade was a 0.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,511 shares of company stock worth $2,312,942 in the last three months. Insiders own 21.30% of the company’s stock.

Institutional Trading of MeridianLink

Several institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new stake in MeridianLink in the fourth quarter valued at about $65,000. Summit Investment Advisors Inc. raised its position in shares of MeridianLink by 32.0% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company’s stock valued at $71,000 after acquiring an additional 830 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in MeridianLink during the fourth quarter worth $124,000. Millennium Management LLC acquired a new position in MeridianLink in the fourth quarter worth $201,000. Finally, Woodline Partners LP bought a new stake in MeridianLink during the fourth quarter valued at $219,000. 82.65% of the stock is owned by institutional investors and hedge funds.

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.