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

Shares of MeridianLink, Inc. (NYSE:MLNK) have earned an average recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $22.08.

Several research analysts recently commented on the company. Raymond James increased their price objective 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 upgraded shares of MeridianLink from a “sell” rating to a “neutral” rating and increased their target price for the company from $18.00 to $22.50 in a research report on Monday, November 11th. Finally, Bank of America lowered shares of MeridianLink from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $28.00 to $18.00 in a research report on Thursday, January 30th.

Insider Activity at MeridianLink

In related news, major shareholder Timothy Nguyen sold 1,701 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $23.05, for a total value of $39,208.05. Following the transaction, the insider now directly owns 10,728,234 shares in the company, valued at approximately $247,285,793.70. This represents a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Nicolaas Vlok sold 71,598 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 1,043,382 shares of the company’s stock, valued at approximately $22,088,396.94. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 175,712 shares of company stock valued at $3,927,675. 21.30% of the stock is owned by company insiders.

Institutional Trading of MeridianLink

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its position in shares of MeridianLink by 47.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 33,167 shares of the company’s stock valued at $685,000 after acquiring an additional 10,600 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in MeridianLink by 46.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,440 shares of the company’s stock valued at $1,496,000 after purchasing an additional 22,858 shares during the last quarter. Western Standard LLC purchased a new stake in MeridianLink in the fourth quarter valued at approximately $7,223,000. Woodline Partners LP acquired a new position in MeridianLink during the fourth quarter worth $219,000. Finally, Two Sigma Investments LP acquired a new position in MeridianLink during the fourth quarter worth $235,000. 82.65% of the stock is currently owned by hedge funds and other institutional investors.

MeridianLink Price Performance

Shares of MeridianLink stock opened at $18.28 on Tuesday. The stock has a market capitalization of $1.38 billion, a P/E ratio of -27.28 and a beta of 1.00. The business has a 50 day simple moving average of $19.88 and a two-hundred day simple moving average of $21.49. MeridianLink has a 12 month low of $16.49 and a 12 month high of $25.33. 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.