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

MeridianLink, Inc. (NYSE:MLNK) has been given a consensus rating of “Hold” by the seven ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $22.90.

MLNK has been the topic of a number of research analyst reports. UBS Group raised MeridianLink from a “sell” rating to a “neutral” rating and raised their target price for the company from $18.00 to $22.50 in a report on Monday, November 11th. Raymond James raised their price objective on shares of MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

MeridianLink Trading Down 0.0 %

Shares of NYSE:MLNK opened at $20.31 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86. The stock’s 50-day moving average is $22.39 and its 200-day moving average is $22.21. The company has a market cap of $1.53 billion, a P/E ratio of -30.31 and a beta of 0.99. MeridianLink has a 52-week low of $16.49 and a 52-week high of $25.33.

Insider Buying and Selling

In other news, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of the business’s 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Timothy Nguyen sold 100,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $256,817,682. This represents a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 936,488 shares of company stock worth $20,208,238 in the last 90 days. 21.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On MeridianLink

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in shares of MeridianLink during the third quarter valued at approximately $231,000. Squarepoint Ops LLC acquired a new position in MeridianLink during the 2nd quarter worth $336,000. The Manufacturers Life Insurance Company boosted its position in MeridianLink by 10.1% in the 2nd 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 last quarter. XTX Topco Ltd acquired a new stake in shares of MeridianLink in the 2nd quarter valued at $360,000. Finally, American Century Companies Inc. increased its stake in shares of MeridianLink by 46.4% in the 2nd 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. 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.