MeridianLink, Inc. (NYSE:MLNK) Given Average Rating of “Hold” by Brokerages

Shares of MeridianLink, Inc. (NYSE:MLNK) have been assigned an average recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $22.08.

Several brokerages have recently weighed in on MLNK. UBS Group raised MeridianLink from a “sell” rating to a “neutral” rating and upped their target price for the stock from $18.00 to $22.50 in a research note on Monday, November 11th. Bank of America downgraded shares of 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. Finally, Raymond James boosted their target price on shares of MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

Insider Buying and Selling at MeridianLink

In other MeridianLink news, CEO Nicolaas Vlok sold 71,598 shares of MeridianLink stock in a transaction dated Thursday, December 19th. The stock was 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 directly owns 1,043,382 shares of the company’s stock, valued at $22,088,396.94. The trade was a 6.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Timothy Nguyen sold 100,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $23.50, for a total transaction of $2,350,000.00. Following the sale, the insider now directly owns 10,928,412 shares in the company, valued at $256,817,682. This represents a 0.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 286,488 shares of company stock worth $6,525,738 in the last ninety days. 21.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in MeridianLink in the 3rd quarter valued at approximately $231,000. Proficio Capital Partners LLC acquired a new stake in shares of MeridianLink in the 4th quarter valued at $234,000. Squarepoint Ops LLC purchased a new stake in shares of MeridianLink during the 2nd quarter worth $336,000. The Manufacturers Life Insurance Company grew its stake in shares of MeridianLink by 10.1% during the second quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company’s stock worth $346,000 after purchasing an additional 1,490 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in MeridianLink by 46.4% in the second quarter. American Century Companies Inc. now owns 18,896 shares of the company’s stock valued at $404,000 after buying an additional 5,988 shares during the last quarter. Institutional investors and hedge funds own 82.65% of the company’s stock.

MeridianLink Stock Performance

Shares of MLNK stock opened at $19.21 on Friday. The stock has a market cap of $1.45 billion, a PE ratio of -28.67 and a beta of 1.00. MeridianLink has a 52-week low of $16.49 and a 52-week high of $25.33. The business has a 50-day simple moving average of $20.85 and a 200-day simple moving average of $21.85. 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 (NYSE:MLNK) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.17). MeridianLink had a negative return on equity of 9.57% and a negative net margin of 16.57%. The firm had revenue of $80.37 million during the quarter, compared to analyst estimates of $79.54 million. On average, equities analysts expect that MeridianLink will post -0.35 EPS for the current year.

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.