MeridianLink, Inc. (NYSE:MLNK) Receives Average Rating of “Hold” from Analysts

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.

Insider Activity

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Darlington Partners Capital Management LP lifted its position in MeridianLink by 39.1% during the third quarter. Darlington Partners Capital Management LP now owns 4,003,127 shares of the company’s stock worth $65,171,000 after buying an additional 1,124,605 shares in the last quarter. Greenstone Partners & Co. LLC acquired a new position in shares of MeridianLink during the 3rd quarter valued at about $14,546,000. Teacher Retirement System of Texas increased its position in MeridianLink by 1,059.9% during the fourth quarter. Teacher Retirement System of Texas now owns 905,932 shares of the company’s stock worth $12,438,000 after purchasing an additional 827,825 shares during the last quarter. WCM Investment Management LLC purchased a new position in MeridianLink during the second quarter worth about $7,985,000. Finally, BlackRock Inc. boosted its holdings in MeridianLink by 51.6% in the 1st quarter. BlackRock Inc. now owns 1,170,595 shares of the company’s stock valued at $21,187,000 after purchasing an additional 398,326 shares during the last quarter. Hedge funds and other institutional investors own 68.45% of the company’s stock.

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

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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.