MeridianLink, Inc. (NYSE:MLNK) Receives $22.90 Average PT from Analysts

MeridianLink, Inc. (NYSE:MLNK) has been given an average recommendation of “Hold” by the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $22.90.

Several equities analysts recently issued reports on the company. Raymond James upped their price objective on MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. UBS Group raised MeridianLink from a “sell” rating to a “neutral” rating and upped their price objective for the company from $18.00 to $22.50 in a research report on Monday, November 11th.

Insider Transactions at MeridianLink

In related news, CEO Nicolaas Vlok sold 29,217 shares of MeridianLink 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Timothy Nguyen sold 100,000 shares of MeridianLink stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $23.50, for a total value of $2,350,000.00. Following the transaction, the insider now owns 10,928,412 shares in the company, valued at $256,817,682. This trade represents a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,864,890 shares of company stock worth $144,992,509 in the last ninety days. Insiders own 21.30% of the company’s stock.

Hedge Funds Weigh In On MeridianLink

Institutional investors and hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC purchased a new position in MeridianLink during the second quarter valued at $41,000. SG Americas Securities LLC purchased a new position in shares of MeridianLink in the third quarter valued at about $231,000. Squarepoint Ops LLC purchased a new position in shares of MeridianLink in the second quarter valued at about $336,000. The Manufacturers Life Insurance Company lifted its position in shares of MeridianLink by 10.1% in the second quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company’s stock valued at $346,000 after acquiring an additional 1,490 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of MeridianLink in the second quarter valued at about $360,000. 82.65% of the stock is currently owned by hedge funds and other institutional investors.

MeridianLink Stock Performance

MLNK stock opened at $22.41 on Thursday. The stock has a market capitalization of $1.69 billion, a PE ratio of -33.45 and a beta of 0.99. MeridianLink has a 12-month low of $16.49 and a 12-month high of $25.88. 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’s 50 day simple moving average is $22.36 and its 200 day simple moving average is $22.10.

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.