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

Shares of MeridianLink, Inc. (NYSE:MLNK) have been given an average recommendation of “Hold” by the seven ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $20.58.

Several research analysts have recently issued reports on the company. Citigroup lowered 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. Raymond James decreased their price target on shares of MeridianLink from $28.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. UBS Group cut their price target on shares of MeridianLink from $25.50 to $20.50 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. William Blair restated an “outperform” rating on shares of MeridianLink in a report on Friday, March 7th. Finally, Bank of America downgraded MeridianLink from a “buy” rating to an “underperform” rating and cut their target price for the stock from $28.00 to $18.00 in a report on Thursday, January 30th.

MeridianLink Price Performance

Shares of MLNK opened at $19.05 on Friday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11. The stock has a market cap of $1.46 billion, a PE ratio of -28.43 and a beta of 1.01. MeridianLink has a 12-month low of $16.49 and a 12-month high of $25.33. The business has a 50-day simple moving average of $19.29 and a two-hundred day simple moving average of $21.10.

Institutional Investors Weigh In On MeridianLink

Several institutional investors and hedge funds have recently made changes to their positions in MLNK. Quantbot Technologies LP bought a new stake in MeridianLink in the fourth quarter worth approximately $65,000. Summit Investment Advisors Inc. increased its stake in shares of MeridianLink by 32.0% in 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 acquired a new position in shares of MeridianLink during the 4th quarter valued at $124,000. Millennium Management LLC bought a new position in MeridianLink during the fourth quarter worth $201,000. Finally, Woodline Partners LP bought a new position in MeridianLink during the fourth quarter worth $219,000. 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.