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

Shares of MeridianLink, Inc. (NYSE:MLNK) have received a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $20.58.

MLNK has been the topic of several recent analyst reports. UBS Group decreased their price objective on shares of MeridianLink from $25.50 to $20.50 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Raymond James decreased their price target on MeridianLink from $28.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Citigroup dropped their price objective on MeridianLink from $24.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. William Blair reissued an “outperform” rating on shares of MeridianLink in a research note on Friday, March 7th. Finally, Barclays lowered their price target on MeridianLink from $20.00 to $19.00 and set an “underweight” rating on the stock in a report on Friday, March 7th.

MeridianLink Price Performance

NYSE MLNK opened at $18.64 on Friday. 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 stock has a market cap of $1.43 billion, a price-to-earnings ratio of -27.82 and a beta of 1.01. The company’s 50 day moving average is $19.28 and its two-hundred day moving average is $20.97.

Hedge Funds Weigh In On MeridianLink

Several institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of MeridianLink by 24.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 218,104 shares of the company’s stock valued at $4,486,000 after acquiring an additional 42,302 shares during the last quarter. FMR LLC grew its stake in shares of MeridianLink by 5.1% in the 3rd quarter. FMR LLC now owns 23,408 shares of the company’s stock worth $482,000 after buying an additional 1,139 shares in the last quarter. Centiva Capital LP bought a new stake in shares of MeridianLink in the 3rd quarter worth about $823,000. Maven Securities LTD purchased a new stake in shares of MeridianLink during the 3rd quarter valued at about $5,377,000. Finally, Polar Asset Management Partners Inc. bought a new position in shares of MeridianLink in the 3rd quarter valued at about $8,598,000. Hedge funds and other institutional investors own 82.65% of the company’s stock.

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.