Analysts Set MeridianLink, Inc. (NYSE:MLNK) Price Target at $22.08

MeridianLink, Inc. (NYSE:MLNK) has been given an average recommendation of “Hold” by the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment 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 twelve-month target price among analysts that have covered the stock in the last year is $22.08.

Several analysts have issued reports on the company. UBS Group raised MeridianLink from a “sell” rating to a “neutral” rating and increased their target price for the company from $18.00 to $22.50 in a research report on Monday, November 11th. Raymond James increased their target price on MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Bank of America lowered MeridianLink from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $28.00 to $18.00 in a report on Thursday, January 30th.

MeridianLink Stock Down 0.6 %

Shares of NYSE MLNK opened at $18.15 on Tuesday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1.37 billion, a PE ratio of -27.09 and a beta of 1.00. The stock’s fifty day simple moving average is $19.57 and its two-hundred day simple moving average is $21.38. MeridianLink has a 12-month low of $16.49 and a 12-month high of $25.33.

Insider Activity

In related news, CEO Nicolaas Vlok sold 29,217 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $22.80, for a total value 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 $23,789,109.60. This trade represents a 2.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Timothy Nguyen sold 5,666 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.01, for a total value of $130,374.66. Following the completion of the transaction, the insider now owns 10,619,126 shares of the company’s stock, valued at $244,346,089.26. This trade represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 134,011 shares of company stock worth $2,957,267. Insiders own 21.30% of the company’s stock.

Hedge Funds Weigh In On MeridianLink

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MLNK. Victory Capital Management Inc. purchased a new position in MeridianLink in the 4th quarter worth $29,461,000. Polar Asset Management Partners Inc. purchased a new position in shares of MeridianLink during the 3rd quarter valued at about $8,598,000. Western Standard LLC purchased a new position in shares of MeridianLink during the 4th quarter valued at about $7,223,000. Vanguard Group Inc. raised its stake in shares of MeridianLink by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 3,266,023 shares of the company’s stock valued at $67,443,000 after buying an additional 310,228 shares during the last quarter. Finally, Maven Securities LTD purchased a new position in shares of MeridianLink during the 3rd quarter valued at about $5,377,000. Hedge funds and other institutional investors own 82.65% of the company’s stock.

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.