MeridianLink, Inc. (NYSE:MLNK) Receives Consensus Rating of “Hold” from Analysts

Shares of MeridianLink, Inc. (NYSE:MLNK) have been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $20.60.

A number of equities analysts have recently issued reports on MLNK shares. Stifel Nicolaus raised their price target on MeridianLink from $18.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. UBS Group boosted their price target on MeridianLink from $17.00 to $18.00 and gave the company a “sell” rating in a research note on Tuesday, August 13th. Finally, Barclays increased their price objective on shares of MeridianLink from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Friday, August 9th.

MeridianLink Price Performance

Shares of NYSE:MLNK opened at $20.62 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of -38.19 and a beta of 1.00. The business has a 50-day simple moving average of $22.55 and a two-hundred day simple moving average of $20.45. MeridianLink has a fifty-two week low of $14.89 and a fifty-two week high of $25.88.

MeridianLink (NYSE:MLNK) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.04). MeridianLink had a negative net margin of 15.16% and a negative return on equity of 7.62%. The company had revenue of $78.70 million for the quarter, compared to analysts’ expectations of $78.08 million. During the same period in the previous year, the firm earned ($0.06) earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts expect that MeridianLink will post -0.27 earnings per share for the current year.

Insider Transactions at MeridianLink

In related news, major shareholder Thoma Bravo Ugp, Llc sold 6,000,000 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $21.05, for a total transaction of $126,300,000.00. Following the completion of the transaction, the insider now directly owns 29,582,388 shares in the company, valued at approximately $622,709,267.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 21.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in MeridianLink by 32.8% during the first quarter. Vanguard Group Inc. now owns 2,756,231 shares of the company’s stock valued at $51,542,000 after acquiring an additional 680,872 shares during the period. Keenan Capital LLC raised its stake in MeridianLink by 9.6% during the 1st quarter. Keenan Capital LLC now owns 2,565,269 shares of the company’s stock valued at $47,971,000 after purchasing an additional 225,000 shares during the period. Dimensional Fund Advisors LP lifted its holdings in MeridianLink by 23.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 797,074 shares of the company’s stock worth $17,026,000 after purchasing an additional 150,712 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in MeridianLink by 10.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 263,525 shares of the company’s stock worth $4,928,000 after purchasing an additional 25,906 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in MeridianLink by 11.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,147 shares of the company’s stock worth $2,228,000 after purchasing an additional 12,472 shares during the period. 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.