MeridianLink, Inc. (NYSE:MLNK – Get Rating) has been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $18.00.
A number of equities analysts have issued reports on the stock. TheStreet lowered shares of MeridianLink from a “c-” rating to a “d+” rating in a research report on Monday, December 19th. Citigroup lowered their target price on MeridianLink from $19.00 to $16.00 in a research note on Monday, November 28th. BTIG Research dropped their target price on MeridianLink from $28.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, March 2nd. Credit Suisse Group decreased their price target on MeridianLink from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Thursday, March 2nd. Finally, Barclays lifted their target price on shares of MeridianLink from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Thursday, March 2nd.
In related news, insider Chris Maloof sold 30,891 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $14.10, for a total value of $435,563.10. Following the transaction, the insider now directly owns 259,393 shares of the company’s stock, valued at approximately $3,657,441.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 20.90% of the company’s stock.
Institutional Inflows and Outflows
MeridianLink Stock Down 3.5 %
MeridianLink stock opened at $15.95 on Monday. MeridianLink has a fifty-two week low of $12.49 and a fifty-two week high of $20.32. The company has a market cap of $1.29 billion, a PE ratio of 1,595.00 and a beta of 0.71. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.28 and a current ratio of 3.28. The business’s 50-day simple moving average is $15.98 and its two-hundred day simple moving average is $15.92.
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 Consumer, a consumer lending and account opening platform; MeridianLink Opening, an online account opening software that unifies deposit account opening and funding for various channels and products; and MeridianLink DecisionLender, a loan origination software (LOS) for finance companies.
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