MeridianLink, Inc. (NYSE:MLNK) Receives $22.08 Average Price Target from Analysts

Shares of MeridianLink, Inc. (NYSE:MLNK) have received an average rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $22.08.

MLNK has been the subject of several recent analyst reports. Raymond James raised their price target on MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, November 8th. UBS Group upgraded MeridianLink from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $18.00 to $22.50 in a research report on Monday, November 11th. Finally, Bank of America cut shares of MeridianLink from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $28.00 to $18.00 in a research note on Thursday, January 30th.

Insider Transactions at MeridianLink

In related news, major shareholder Timothy Nguyen sold 100,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 10,928,412 shares of the company’s stock, valued at approximately $256,817,682. This trade represents a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nicolaas Vlok sold 71,598 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,043,382 shares of the company’s stock, valued at $22,088,396.94. This trade represents a 6.42 % 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 over the last quarter. 21.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MLNK. Victory Capital Management Inc. purchased a new stake in MeridianLink during the fourth quarter valued at about $29,461,000. WCM Investment Management LLC grew its holdings in shares of MeridianLink by 1.0% during the 3rd quarter. WCM Investment Management LLC now owns 1,159,590 shares of the company’s stock worth $24,340,000 after purchasing an additional 12,002 shares during the period. Dimensional Fund Advisors LP increased its position in MeridianLink by 23.3% during 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. State Street Corp raised its holdings in MeridianLink by 20.7% in the third quarter. State Street Corp now owns 667,201 shares of the company’s stock valued at $13,724,000 after buying an additional 114,578 shares during the period. Finally, Geode Capital Management LLC lifted its position in MeridianLink by 12.2% during the third quarter. Geode Capital Management LLC now owns 603,443 shares of the company’s stock valued at $12,415,000 after buying an additional 65,834 shares in the last quarter. 82.65% of the stock is owned by hedge funds and other institutional investors.

MeridianLink Stock Down 0.3 %

Shares of NYSE:MLNK opened at $19.21 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86. MeridianLink has a 1-year low of $16.49 and a 1-year high of $25.33. The firm has a fifty day moving average price of $20.85 and a 200 day moving average price of $21.85. The stock has a market cap of $1.45 billion, a P/E ratio of -28.67 and a beta of 1.00.

MeridianLink (NYSE:MLNK) last issued its earnings results on Thursday, November 7th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.17). The firm had revenue of $80.37 million during the quarter, compared to analysts’ expectations of $79.54 million. MeridianLink had a negative net margin of 16.57% and a negative return on equity of 9.57%. Sell-side analysts predict 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.