Barclays Issues Pessimistic Forecast for MeridianLink (NYSE:MLNK) Stock Price

MeridianLink (NYSE:MLNK) had its target price cut by Barclays from $20.00 to $19.00 in a research report released on Friday,Benzinga reports. They currently have an underweight rating on the stock.

Other equities analysts have also issued research reports about the stock. UBS Group cut their price objective on shares of MeridianLink from $25.50 to $20.50 and set a “neutral” rating on the stock in a report on Tuesday. 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 report on Friday, November 8th. Finally, Bank of America downgraded shares of MeridianLink from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $28.00 to $18.00 in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.58.

MeridianLink Stock Performance

Shares of MLNK stock opened at $21.58 on Friday. MeridianLink has a 12 month low of $16.49 and a 12 month high of $25.33. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market capitalization of $1.63 billion, a P/E ratio of -32.20 and a beta of 1.01. The company’s fifty day moving average price is $19.39 and its two-hundred day moving average price is $21.32.

Insider Activity at MeridianLink

In related news, CEO Nicolaas Vlok sold 71,598 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $21.17, for a total transaction of $1,515,729.66. Following the completion of the sale, the chief executive officer now owns 1,043,382 shares of the company’s stock, valued at $22,088,396.94. This represents a 6.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Timothy Nguyen sold 5,666 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $23.01, for a total transaction of $130,374.66. Following the sale, the insider now directly owns 10,619,126 shares of the company’s stock, valued at approximately $244,346,089.26. This represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 106,511 shares of company stock valued at $2,312,942 in the last quarter. Insiders own 21.30% of the company’s stock.

Institutional Investors Weigh In On MeridianLink

Institutional investors have recently modified their holdings of the business. Quantbot Technologies LP bought a new stake in shares of MeridianLink during the 4th quarter valued at about $65,000. Summit Investment Advisors Inc. boosted its stake in MeridianLink by 32.0% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company’s stock valued at $71,000 after purchasing an additional 830 shares during the period. KLP Kapitalforvaltning AS acquired a new position in MeridianLink during the 4th quarter valued at about $124,000. Millennium Management LLC acquired a new position in MeridianLink during the 4th quarter valued at about $201,000. Finally, Woodline Partners LP acquired a new position in MeridianLink during the 4th quarter valued at about $219,000. Institutional investors own 82.65% of the company’s stock.

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.