MeridianLink, Inc. (NYSE:MLNK) Receives $22.08 Average PT from Analysts

MeridianLink, Inc. (NYSE:MLNK) has earned an average recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have given 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 issued reports on the stock. UBS Group raised shares of MeridianLink from a “sell” rating to a “neutral” rating and raised their price target for the stock from $18.00 to $22.50 in a research note on Monday, November 11th. Bank of America cut shares of MeridianLink from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $28.00 to $18.00 in a research report on Thursday, January 30th. Finally, 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 research report on Friday, November 8th.

Insider Buying and Selling at MeridianLink

In related news, CEO Nicolaas Vlok sold 71,598 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $21.17, for a total value of $1,515,729.66. Following the completion of the transaction, the chief executive officer now owns 1,043,382 shares in the company, valued at $22,088,396.94. This represents a 6.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Timothy Nguyen sold 27,500 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $23.43, for a total transaction of $644,325.00. Following the completion of the transaction, the insider now owns 10,640,130 shares of the company’s stock, valued at $249,298,245.90. This represents a 0.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 174,011 shares of company stock worth $3,888,467 over the last 90 days. Insiders own 21.30% of the company’s stock.

Institutional Investors Weigh In On MeridianLink

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its stake in MeridianLink by 5.0% during the fourth quarter. Russell Investments Group Ltd. now owns 16,704 shares of the company’s stock valued at $345,000 after buying an additional 802 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in MeridianLink by 32.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company’s stock worth $71,000 after buying an additional 830 shares during the last quarter. Legal & General Group Plc increased its holdings in MeridianLink by 3.3% in the fourth quarter. Legal & General Group Plc now owns 30,905 shares of the company’s stock worth $638,000 after buying an additional 987 shares during the last quarter. FMR LLC increased its holdings in MeridianLink by 5.1% in the third quarter. FMR LLC now owns 23,408 shares of the company’s stock worth $482,000 after buying an additional 1,139 shares during the last quarter. Finally, Corebridge Financial Inc. grew its holdings in MeridianLink by 12.8% during the fourth quarter. Corebridge Financial Inc. now owns 16,260 shares of the company’s stock valued at $336,000 after purchasing an additional 1,839 shares during the last quarter. 82.65% of the stock is owned by institutional investors and hedge funds.

MeridianLink Stock Performance

Shares of MLNK opened at $18.21 on Tuesday. The company has a market capitalization of $1.37 billion, a PE ratio of -27.17 and a beta of 1.00. MeridianLink has a 52-week low of $16.49 and a 52-week high of $25.33. The company has a 50-day simple moving average of $19.68 and a 200-day simple moving average of $21.42. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11.

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.