MeridianLink (NYSE:MLNK) Stock Rating Upgraded by UBS Group

UBS Group upgraded shares of MeridianLink (NYSE:MLNK) from a sell rating to a neutral rating in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The brokerage currently has $22.50 target price on the stock, up from their prior target price of $18.00.

A number of other analysts also recently issued reports on MLNK. Barclays lifted their price objective on shares of MeridianLink from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Friday, August 9th. Raymond James lifted their price target on shares of MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Stifel Nicolaus increased 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $22.90.

MeridianLink Stock Down 2.6 %

MLNK stock opened at $22.70 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a market capitalization of $1.71 billion, a P/E ratio of -34.77 and a beta of 0.98. MeridianLink has a fifty-two week low of $16.49 and a fifty-two week high of $25.88. The business has a 50-day moving average of $22.25 and a 200-day moving average of $21.27.

Insider Activity

In other MeridianLink news, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $21.05, for a total value of $13,682,500.00. Following the transaction, the insider now directly owns 28,932,388 shares in the company, valued at $609,026,767.40. The trade was a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 21.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MLNK. Jacobs Levy Equity Management Inc. boosted its holdings in shares of MeridianLink by 10.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 263,525 shares of the company’s stock worth $4,928,000 after acquiring an additional 25,906 shares during the period. SG Capital Management LLC bought a new stake in MeridianLink in the 1st quarter valued at $2,117,000. Vanguard Group Inc. grew its holdings in MeridianLink by 32.8% in the 1st 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 in the last quarter. SG Americas Securities LLC acquired a new position in MeridianLink in the 3rd quarter valued at $231,000. Finally, Dimensional Fund Advisors LP increased its position in MeridianLink by 23.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 797,074 shares of the company’s stock worth $17,026,000 after buying an additional 150,712 shares during the period. Institutional investors and hedge funds 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.