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

Shares of MeridianLink, Inc. (NYSE:MLNK) have been assigned an average rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $20.60.

Several brokerages recently weighed in on MLNK. UBS Group upped their target price on shares of MeridianLink from $17.00 to $18.00 and gave the stock a “sell” rating in a research note on Tuesday, August 13th. Barclays upped their price objective on MeridianLink from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Friday, August 9th. Finally, Stifel Nicolaus lifted their target price 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

NYSE:MLNK opened at $21.22 on Wednesday. MeridianLink has a fifty-two week low of $14.89 and a fifty-two week high of $25.88. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.04 and a current ratio of 2.04. The company has a 50 day moving average price of $22.13 and a 200 day moving average price of $20.69. The stock has a market capitalization of $1.63 billion, a P/E ratio of -39.30 and a beta of 1.00.

MeridianLink (NYSE:MLNK) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.04). MeridianLink had a negative return on equity of 7.62% and a negative net margin of 15.16%. The firm had revenue of $78.70 million for the quarter, compared to analysts’ expectations of $78.08 million. During the same quarter in the prior year, the business earned ($0.06) earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts forecast that MeridianLink will post -0.27 EPS for the current year.

Insider Transactions at MeridianLink

In other MeridianLink news, major shareholder Thoma Bravo Ugp, Llc sold 6,000,000 shares of MeridianLink stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $21.05, for a total transaction of $126,300,000.00. Following the completion of the sale, the insider now directly owns 29,582,388 shares of the company’s stock, valued at $622,709,267.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 21.30% of the company’s stock.

Institutional Trading of MeridianLink

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of MeridianLink by 32.8% during the first quarter. Vanguard Group Inc. now owns 2,756,231 shares of the company’s stock worth $51,542,000 after purchasing an additional 680,872 shares in the last quarter. Keenan Capital LLC increased its position in MeridianLink by 9.6% during the first quarter. Keenan Capital LLC now owns 2,565,269 shares of the company’s stock worth $47,971,000 after buying an additional 225,000 shares during the period. Dimensional Fund Advisors LP lifted its stake in MeridianLink by 23.3% in the second quarter. Dimensional Fund Advisors LP now owns 797,074 shares of the company’s stock valued at $17,026,000 after buying an additional 150,712 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in MeridianLink by 10.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 263,525 shares of the company’s stock valued at $4,928,000 after buying an additional 25,906 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of MeridianLink by 11.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,147 shares of the company’s stock valued at $2,228,000 after acquiring an additional 12,472 shares during the period. Institutional investors and hedge funds own 82.65% of the company’s stock.

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.