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

Shares of MeridianLink, Inc. (NYSE:MLNK) have earned an average recommendation of “Hold” from the eight analysts that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $22.08.

Several equities research analysts have commented on the company. Raymond James upped their price objective on MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Bank of America downgraded 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 report on Thursday. Finally, UBS Group raised shares of MeridianLink from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $18.00 to $22.50 in a report on Monday, November 11th.

MeridianLink Stock Down 5.0 %

NYSE:MLNK opened at $19.79 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11. MeridianLink has a twelve month low of $16.49 and a twelve month high of $25.33. The company has a market cap of $1.49 billion, a PE ratio of -29.54 and a beta of 1.02. The company’s 50 day moving average is $21.22 and its two-hundred day moving average is $21.98.

MeridianLink (NYSE:MLNK) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.17). MeridianLink had a negative net margin of 16.57% and a negative return on equity of 9.57%. The firm had revenue of $80.37 million for the quarter, compared to analysts’ expectations of $79.54 million. Analysts anticipate that MeridianLink will post -0.35 EPS for the current year.

Insider Activity at MeridianLink

In other news, major shareholder Timothy Nguyen sold 10,776 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $23.02, for a total transaction of $248,063.52. Following the completion of the sale, the insider now owns 10,751,935 shares in the company, valued at $247,509,543.70. This represents a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Nicolaas Vlok sold 29,217 shares of MeridianLink stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $22.80, for a total transaction of $666,147.60. Following the completion of the transaction, the chief executive officer now owns 1,043,382 shares in the company, valued at approximately $23,789,109.60. This trade represents a 2.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 286,488 shares of company stock valued at $6,525,738 over the last ninety days. Insiders own 21.30% of the company’s stock.

Hedge Funds Weigh In On MeridianLink

A number of large investors have recently modified their holdings of MLNK. SG Americas Securities LLC purchased a new position in shares of MeridianLink in the third quarter valued at $231,000. Squarepoint Ops LLC purchased a new position in MeridianLink during the 2nd quarter valued at about $336,000. The Manufacturers Life Insurance Company increased its holdings in MeridianLink by 10.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company’s stock valued at $346,000 after acquiring an additional 1,490 shares in the last quarter. American Century Companies Inc. raised its position in MeridianLink by 46.4% during the second quarter. American Century Companies Inc. now owns 18,896 shares of the company’s stock worth $404,000 after acquiring an additional 5,988 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of MeridianLink by 5.1% in the third quarter. FMR LLC now owns 23,408 shares of the company’s stock valued at $482,000 after purchasing an additional 1,139 shares in the last quarter. 82.65% of the stock is owned by hedge funds and other institutional investors.

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.