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

Shares of MeridianLink, Inc. (NYSE:MLNK) have been given an average recommendation of “Hold” by the seven research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned 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 $22.90.

Several brokerages have recently weighed in on MLNK. Raymond James increased 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. UBS Group raised MeridianLink from a “sell” rating to a “neutral” rating and increased their price target for the company from $18.00 to $22.50 in a research note on Monday, November 11th.

Insider Buying and Selling

In other MeridianLink news, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $21.05, for a total value of $13,682,500.00. Following the transaction, the insider now owns 28,932,388 shares in the company, valued at approximately $609,026,767.40. This represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Nicolaas Vlok sold 71,598 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $21.17, for a total value of $1,515,729.66. Following the completion of the transaction, the chief executive officer now owns 1,043,382 shares in the company, valued at approximately $22,088,396.94. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 936,488 shares of company stock valued at $20,208,238 over the last 90 days. Company insiders own 21.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in MeridianLink by 12.2% in the third quarter. Geode Capital Management LLC now owns 603,443 shares of the company’s stock worth $12,415,000 after acquiring an additional 65,834 shares in the last quarter. Barclays PLC lifted its holdings in shares of MeridianLink by 342.1% in the third quarter. Barclays PLC now owns 42,399 shares of the company’s stock valued at $872,000 after purchasing an additional 32,808 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of MeridianLink by 24.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 218,104 shares of the company’s stock valued at $4,486,000 after purchasing an additional 42,302 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of MeridianLink in the third quarter valued at approximately $231,000. Finally, Maven Securities LTD bought a new position in shares of MeridianLink in the third quarter valued at approximately $5,377,000. Institutional investors own 82.65% of the company’s stock.

MeridianLink Trading Down 4.9 %

Shares of MLNK stock opened at $18.63 on Monday. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -27.81 and a beta of 1.02. The stock has a 50-day moving average of $22.15 and a 200-day moving average of $22.14. 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 1-year low of $16.49 and a 1-year high of $25.33.

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.