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

MeridianLink, Inc. (NYSE:MLNK) has been given an average rating of “Hold” by the seven research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $22.90.

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

MeridianLink Stock Performance

Shares of MLNK opened at $22.43 on Friday. The firm has a market capitalization of $1.69 billion, a P/E ratio of -33.48 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. The business has a fifty day moving average of $22.14 and a 200 day moving average of $21.46.

Insider Transactions at MeridianLink

In other news, major shareholder Timothy Nguyen sold 100,000 shares of the stock in a transaction that occurred on 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 directly owns 10,928,412 shares in the company, valued at approximately $256,817,682. This represents a 0.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $13,682,500.00. Following the sale, the insider now directly owns 28,932,388 shares in the company, valued at approximately $609,026,767.40. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,750,000 shares of company stock valued at $142,332,500 over the last 90 days. Company insiders own 21.30% of the company’s stock.

Institutional Trading of MeridianLink

Several hedge funds have recently made changes to their positions in MLNK. Barclays PLC grew its position in MeridianLink by 342.1% in the third quarter. Barclays PLC now owns 42,399 shares of the company’s stock worth $872,000 after acquiring an additional 32,808 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of MeridianLink by 12.2% in the 3rd quarter. Geode Capital Management LLC now owns 603,443 shares of the company’s stock worth $12,415,000 after purchasing an additional 65,834 shares during the period. State Street Corp increased its position in shares of MeridianLink by 20.7% during the 3rd 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 during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in MeridianLink during the 3rd quarter valued at $8,598,000. Finally, Maven Securities LTD bought a new stake in MeridianLink in the third quarter worth $5,377,000. 82.65% of the stock is currently owned by hedge funds and other institutional investors.

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.