MeridianLink’s (MLNK) Outperform Rating Reiterated at William Blair

William Blair reissued their outperform rating on shares of MeridianLink (NYSE:MLNK) in a research note published on Friday morning,RTT News reports.

Several other equities research analysts also recently issued reports on MLNK. Bank of America downgraded MeridianLink from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $28.00 to $18.00 in a report on Thursday, January 30th. Raymond James decreased their price target on MeridianLink from $28.00 to $24.00 and set an “outperform” rating for the company in a report on Friday. UBS Group decreased their price target on MeridianLink from $25.50 to $20.50 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Finally, Barclays decreased their price target on MeridianLink from $20.00 to $19.00 and set an “underweight” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.58.

MeridianLink Trading Up 17.1 %

NYSE MLNK opened at $21.58 on Friday. The company has a market cap of $1.63 billion, a price-to-earnings ratio of -32.20 and a beta of 1.01. MeridianLink has a 52 week low of $16.49 and a 52 week high of $25.33. The business has a 50 day moving average price of $19.40 and a 200-day moving average price of $21.31. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11.

Insiders Place Their Bets

In other news, CEO Nicolaas Vlok sold 71,598 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $21.17, for a total transaction of $1,515,729.66. Following the transaction, the chief executive officer now owns 1,043,382 shares of the company’s stock, valued at $22,088,396.94. This represents a 6.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have sold 100,845 shares of company stock valued at $2,182,567. Insiders own 21.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MLNK. Victory Capital Management Inc. purchased a new position in shares of MeridianLink during the 4th quarter valued at $29,461,000. Polar Asset Management Partners Inc. purchased a new position in shares of MeridianLink during the 3rd quarter valued at $8,598,000. Western Standard LLC purchased a new position in shares of MeridianLink during the 4th quarter valued at $7,223,000. Vanguard Group Inc. lifted its position in shares of MeridianLink by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 3,266,023 shares of the company’s stock valued at $67,443,000 after buying an additional 310,228 shares during the last quarter. Finally, Maven Securities LTD purchased a new position in shares of MeridianLink during the 3rd quarter valued at $5,377,000. Hedge funds and other institutional investors own 82.65% of the company’s stock.

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.