UBS Group Cuts MeridianLink (NYSE:MLNK) Price Target to $20.50

MeridianLink (NYSE:MLNK) had its target price dropped by UBS Group from $25.50 to $20.50 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 10.96% from the company’s current price.

Several other research firms have also commented on MLNK. Bank of America lowered shares of MeridianLink from a “buy” rating to an “underperform” rating and decreased their price target for the company from $28.00 to $18.00 in a research report on Thursday, January 30th. Raymond James increased their price target on shares of MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, MeridianLink currently has an average rating of “Hold” and a consensus price target of $21.75.

MeridianLink Stock Up 0.8 %

NYSE:MLNK opened at $18.48 on Tuesday. MeridianLink has a 1-year low of $16.49 and a 1-year high of $25.33. The company has a 50-day moving average of $19.45 and a 200 day moving average of $21.34. The firm has a market cap of $1.40 billion, a PE ratio of -27.57 and a beta of 1.00. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86.

Insider Activity at MeridianLink

In related news, major shareholder Timothy Nguyen sold 5,666 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $23.01, for a total value of $130,374.66. Following the transaction, the insider now owns 10,619,126 shares in the company, valued at approximately $244,346,089.26. This represents a 0.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Nicolaas Vlok sold 29,217 shares of the stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. Insiders sold 106,511 shares of company stock valued at $2,312,942 in the last three months. 21.30% of the stock is owned by insiders.

Hedge Funds Weigh In On MeridianLink

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new stake in shares of MeridianLink during the 4th quarter worth approximately $65,000. Summit Investment Advisors Inc. grew its stake in shares of MeridianLink by 32.0% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company’s stock worth $71,000 after purchasing an additional 830 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of MeridianLink during the 4th quarter worth approximately $124,000. Millennium Management LLC acquired a new stake in shares of MeridianLink during the 4th quarter worth approximately $201,000. Finally, Woodline Partners LP acquired a new stake in shares of MeridianLink during the 4th quarter worth approximately $219,000. 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.