MeridianLink, Inc. (NYSE:MLNK) Receives $20.58 Average Price Target from Brokerages

Shares of MeridianLink, Inc. (NYSE:MLNK) have been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $20.58.

Several equities analysts have recently weighed in on MLNK shares. William Blair restated an “outperform” rating on shares of MeridianLink in a report on Friday, March 7th. Bank of America cut shares of MeridianLink from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $28.00 to $18.00 in a report on Thursday, January 30th. UBS Group cut their price target on shares of MeridianLink from $25.50 to $20.50 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Citigroup decreased their price objective on shares of MeridianLink from $24.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Finally, Raymond James cut their target price on MeridianLink from $28.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th.

Hedge Funds Weigh In On MeridianLink

Several hedge funds and other institutional investors have recently modified their holdings of MLNK. California State Teachers Retirement System increased its position in shares of MeridianLink by 28.4% during the 4th quarter. California State Teachers Retirement System now owns 28,312 shares of the company’s stock valued at $585,000 after purchasing an additional 6,268 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in MeridianLink by 47.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 33,167 shares of the company’s stock valued at $685,000 after buying an additional 10,600 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of MeridianLink by 46.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,440 shares of the company’s stock worth $1,496,000 after acquiring an additional 22,858 shares during the last quarter. Western Standard LLC bought a new stake in shares of MeridianLink during the 4th quarter valued at $7,223,000. Finally, Woodline Partners LP purchased a new stake in shares of MeridianLink in the 4th quarter worth $219,000. 82.65% of the stock is owned by institutional investors.

MeridianLink Stock Performance

MeridianLink stock opened at $18.64 on Friday. The stock’s 50 day moving average is $19.28 and its 200 day moving average is $20.97. The company has a market capitalization of $1.43 billion, a P/E ratio of -27.82 and a beta of 1.01. MeridianLink has a twelve month low of $16.49 and a twelve month high of $25.33. 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 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.