MeridianLink (NYSE:MLNK) Given New $20.50 Price Target at UBS Group

MeridianLink (NYSE:MLNK) had its target price decreased by UBS Group from $25.50 to $20.50 in a research note published on Tuesday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other research analysts have also recently issued reports about the stock. Bank of America cut shares of MeridianLink from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $28.00 to $18.00 in a report on Thursday, January 30th. Raymond James raised their target price on shares of MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, MeridianLink presently has an average rating of “Hold” and an average target price of $21.75.

MeridianLink Stock Up 1.0 %

Shares of MLNK opened at $18.28 on Tuesday. MeridianLink has a 12 month low of $16.49 and a 12 month high of $25.33. The firm’s 50 day moving average is $19.50 and its 200-day moving average is $21.36. The stock has a market capitalization of $1.38 billion, a PE ratio of -27.28 and a beta of 1.00. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11.

Insider Activity at MeridianLink

In other MeridianLink news, major shareholder Timothy Nguyen sold 5,666 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $23.01, for a total transaction of $130,374.66. Following the sale, the insider now owns 10,619,126 shares of the company’s stock, valued at approximately $244,346,089.26. The trade was a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Nicolaas Vlok sold 29,217 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $22.80, for a total transaction of $666,147.60. Following the sale, the chief executive officer now directly owns 1,043,382 shares in the company, valued at approximately $23,789,109.60. The trade was a 2.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,511 shares of company stock valued at $2,312,942 over the last three months. 21.30% of the stock is owned by insiders.

Hedge Funds Weigh In On MeridianLink

A number of hedge funds have recently modified their holdings of MLNK. Victory Capital Management Inc. acquired a new position in shares of MeridianLink during the fourth quarter worth $29,461,000. Polar Asset Management Partners Inc. acquired a new position in shares of MeridianLink during the third quarter worth $8,598,000. Western Standard LLC acquired a new position in shares of MeridianLink during the fourth quarter worth $7,223,000. Vanguard Group Inc. lifted its holdings in shares of MeridianLink by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 3,266,023 shares of the company’s stock worth $67,443,000 after purchasing an additional 310,228 shares during the period. Finally, Maven Securities LTD acquired a new position in shares of MeridianLink during the third quarter worth $5,377,000. Institutional investors and hedge funds 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.