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

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

MLNK has been the subject of several research analyst reports. Barclays lifted their target price on shares of MeridianLink from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Friday, August 9th. UBS Group raised shares of MeridianLink from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $18.00 to $22.50 in a report on Monday, November 11th. Raymond James increased their target price on MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Stifel Nicolaus raised their price target on MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, August 9th.

Insider Buying and Selling at MeridianLink

In related news, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $21.05, for a total value of $13,682,500.00. Following the completion of the transaction, the insider now directly owns 28,932,388 shares of the company’s stock, valued at $609,026,767.40. This represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Timothy Nguyen sold 100,000 shares of MeridianLink stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $23.50, for a total value of $2,350,000.00. Following the sale, the insider now directly owns 10,928,412 shares in the company, valued at approximately $256,817,682. The trade was a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,750,000 shares of company stock valued at $142,332,500 in the last 90 days. Insiders own 21.30% of the company’s stock.

Institutional Trading of MeridianLink

Hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. lifted its holdings in shares of MeridianLink by 26.4% during the first quarter. Russell Investments Group Ltd. now owns 15,430 shares of the company’s stock valued at $289,000 after purchasing an additional 3,226 shares during the last quarter. Vanguard Group Inc. raised its stake in MeridianLink by 32.8% during the first quarter. Vanguard Group Inc. now owns 2,756,231 shares of the company’s stock valued at $51,542,000 after buying an additional 680,872 shares during the last quarter. Keenan Capital LLC boosted its holdings in MeridianLink by 9.6% in the first quarter. Keenan Capital LLC now owns 2,565,269 shares of the company’s stock worth $47,971,000 after acquiring an additional 225,000 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of MeridianLink by 10.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 263,525 shares of the company’s stock worth $4,928,000 after acquiring an additional 25,906 shares during the last quarter. Finally, SG Capital Management LLC bought a new position in shares of MeridianLink during the first quarter valued at $2,117,000. 82.65% of the stock is owned by hedge funds and other institutional investors.

MeridianLink Stock Down 3.0 %

MLNK opened at $22.02 on Friday. The firm has a market capitalization of $1.66 billion, a P/E ratio of -32.87 and a beta of 0.98. MeridianLink has a one year low of $16.49 and a one year high of $25.88. The company has a fifty day moving average price of $22.24 and a 200-day moving average price of $21.35. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86.

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.