Brokerages Set MeridianLink, Inc. (NYSE:MLNK) PT at $20.58

MeridianLink, Inc. (NYSE:MLNK) has received a consensus rating of “Hold” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $20.58.

A number of equities analysts have weighed in on MLNK shares. Raymond James decreased their target price on MeridianLink from $28.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Barclays decreased their price objective on shares of MeridianLink from $20.00 to $19.00 and set an “underweight” rating for the company in a report on Friday, March 7th. William Blair restated an “outperform” rating on shares of MeridianLink in a report on Friday, March 7th. Bank of America lowered shares of MeridianLink from a “buy” rating to an “underperform” rating and decreased their target price for the company from $28.00 to $18.00 in a research note on Thursday, January 30th. Finally, UBS Group lowered their price target on MeridianLink from $25.50 to $20.50 and set a “neutral” rating on the stock in a report on Tuesday, March 4th.

MeridianLink Stock Up 2.1 %

Shares of MeridianLink stock opened at $19.46 on Friday. The company has a 50-day simple moving average of $19.30 and a two-hundred day simple moving average of $21.05. The stock has a market capitalization of $1.49 billion, a PE ratio of -29.05 and a beta of 1.01. MeridianLink has a 52-week low of $16.49 and a 52-week high of $25.33. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86.

Institutional Trading of MeridianLink

A number of institutional investors and hedge funds have recently bought and sold shares of MLNK. Charles Schwab Investment Management Inc. raised its holdings in shares of MeridianLink by 24.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 218,104 shares of the company’s stock worth $4,486,000 after acquiring an additional 42,302 shares in the last quarter. FMR LLC raised its stake 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 acquiring an additional 1,139 shares during the period. Centiva Capital LP bought a new stake in shares of MeridianLink in the 3rd quarter worth about $823,000. Maven Securities LTD purchased a new position in shares of MeridianLink during the 3rd quarter worth about $5,377,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in MeridianLink in the 3rd quarter worth about $8,598,000. 82.65% of the stock is currently owned by 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.