Analysts Set MeridianLink, Inc. (NYSE:MLNK) Target Price at $22.90

MeridianLink, Inc. (NYSE:MLNK) has received an average recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $22.90.

Several equities analysts have recently weighed in on MLNK shares. Raymond James upped their price objective on shares of MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, November 8th. UBS Group raised shares of MeridianLink from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $18.00 to $22.50 in a research report on Monday, November 11th.

Insider Transactions at MeridianLink

In other MeridianLink news, CEO Nicolaas Vlok sold 71,598 shares of the company’s stock in a transaction dated 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 completion of 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 represents a 6.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $21.05, for a total transaction of $13,682,500.00. Following the completion of the sale, the insider now directly owns 28,932,388 shares of the company’s stock, valued at $609,026,767.40. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 936,488 shares of company stock valued at $20,208,238 over the last three months. Corporate insiders own 21.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MLNK. SG Americas Securities LLC purchased a new position in MeridianLink in the third quarter valued at about $231,000. Squarepoint Ops LLC bought a new stake in MeridianLink during the second quarter valued at $336,000. The Manufacturers Life Insurance Company boosted its stake in MeridianLink by 10.1% during the second quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company’s stock valued at $346,000 after buying an additional 1,490 shares during the period. XTX Topco Ltd bought a new stake in MeridianLink during the second quarter valued at $360,000. Finally, American Century Companies Inc. boosted its stake in MeridianLink by 46.4% during the second quarter. American Century Companies Inc. now owns 18,896 shares of the company’s stock valued at $404,000 after buying an additional 5,988 shares during the period. 82.65% of the stock is currently owned by hedge funds and other institutional investors.

MeridianLink Price Performance

Shares of NYSE MLNK opened at $19.58 on Monday. The firm’s 50-day moving average price is $22.27 and its 200-day moving average price is $22.18. MeridianLink has a 1-year low of $16.49 and a 1-year high of $25.33. The firm has a market capitalization of $1.48 billion, a P/E ratio of -29.22 and a beta of 1.02. 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 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.