MeridianLink, Inc. (NYSE:MLNK) Receives $20.60 Average Price Target from Brokerages

MeridianLink, Inc. (NYSE:MLNK) has received an average rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $20.60.

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

Insider Activity at MeridianLink

In other MeridianLink news, major shareholder Thoma Bravo Ugp, Llc sold 6,000,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 29,582,388 shares in the company, valued at approximately $622,709,267.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 21.30% of the stock is owned by insiders.

Institutional Trading of MeridianLink

Several large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its holdings 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 during the last quarter. nVerses Capital LLC acquired a new stake in MeridianLink during the 2nd quarter worth about $41,000. Rhumbline Advisers grew its position in MeridianLink by 6.4% during the 2nd quarter. Rhumbline Advisers now owns 43,865 shares of the company’s stock worth $937,000 after purchasing an additional 2,633 shares during the period. Russell Investments Group Ltd. raised its stake in shares of MeridianLink by 26.4% during the 1st quarter. Russell Investments Group Ltd. now owns 15,430 shares of the company’s stock valued at $289,000 after buying an additional 3,226 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of MeridianLink by 46.4% in the 2nd 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 period. 82.65% of the stock is owned by hedge funds and other institutional investors.

MeridianLink Trading Up 0.8 %

MLNK opened at $20.39 on Friday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.06. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -37.76 and a beta of 1.01. MeridianLink has a 12 month low of $14.89 and a 12 month high of $25.88. The stock has a fifty day moving average price of $22.61 and a 200-day moving average price of $20.45.

MeridianLink (NYSE:MLNK) last announced its earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.04). MeridianLink had a negative return on equity of 7.62% and a negative net margin of 15.16%. The firm had revenue of $78.70 million during the quarter, compared to the consensus estimate of $78.08 million. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts anticipate that MeridianLink will post -0.27 earnings per share for the current fiscal year.

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.