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

MeridianLink (NYSE:MLNK) had its price objective decreased by UBS Group from $25.50 to $20.50 in a report published on Tuesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other equities analysts also recently issued research reports about the company. Bank of America downgraded MeridianLink from a “buy” rating to an “underperform” rating and cut their target price for the stock from $28.00 to $18.00 in a research note on Thursday, January 30th. Raymond James increased their price target on 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, two have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $21.70.

MeridianLink Price Performance

Shares of NYSE MLNK opened at $18.44 on Tuesday. MeridianLink has a fifty-two week low of $16.49 and a fifty-two week high of $25.33. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of -27.52 and a beta of 1.01. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86. The firm’s 50-day simple moving average is $19.39 and its 200 day simple moving average is $21.32.

Insider Transactions at MeridianLink

In other news, CEO Nicolaas Vlok sold 71,598 shares of MeridianLink stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $21.17, for a total transaction of $1,515,729.66. Following the sale, the chief executive officer now directly owns 1,043,382 shares in the company, valued at $22,088,396.94. The trade was a 6.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Timothy Nguyen sold 5,666 shares of MeridianLink 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 sale, the insider now owns 10,619,126 shares in the company, valued at $244,346,089.26. The trade was a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,511 shares of company stock worth $2,312,942 in the last ninety days. Company insiders own 21.30% of the company’s stock.

Institutional Investors Weigh In On MeridianLink

Several large investors have recently added to or reduced their stakes in MLNK. WCM Investment Management LLC increased its holdings in MeridianLink by 1.0% in the 3rd quarter. WCM Investment Management LLC now owns 1,159,590 shares of the company’s stock worth $24,340,000 after acquiring an additional 12,002 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in MeridianLink by 24.1% in 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 during the last quarter. FMR LLC increased its holdings in MeridianLink by 5.1% in the 3rd quarter. FMR LLC now owns 23,408 shares of the company’s stock worth $482,000 after acquiring an additional 1,139 shares during the last quarter. Centiva Capital LP purchased a new stake in MeridianLink in the 3rd quarter worth about $823,000. Finally, Maven Securities LTD purchased a new stake in MeridianLink in the 3rd quarter worth about $5,377,000. Hedge funds and other institutional investors 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.