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

Shares of MeridianLink, Inc. (NYSE:MLNK) have been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $20.08.

A number of research firms have commented on MLNK. UBS Group reduced their target price on MeridianLink from $25.50 to $20.50 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Raymond James decreased their price objective on shares of MeridianLink from $28.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, March 7th. Citigroup lowered their target price on shares of MeridianLink from $24.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. William Blair restated an “outperform” rating on shares of MeridianLink in a research report on Friday, March 7th. Finally, Barclays dropped their price objective on shares of MeridianLink from $19.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday.

Institutional Investors Weigh In On MeridianLink

Several large investors have recently modified their holdings of MLNK. Russell Investments Group Ltd. lifted its holdings in shares of MeridianLink by 5.0% during the fourth quarter. Russell Investments Group Ltd. now owns 16,704 shares of the company’s stock valued at $345,000 after purchasing an additional 802 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of MeridianLink by 32.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company’s stock worth $71,000 after buying an additional 830 shares during the period. Legal & General Group Plc increased its position in shares of MeridianLink by 3.3% in the fourth quarter. Legal & General Group Plc now owns 30,905 shares of the company’s stock worth $638,000 after acquiring an additional 987 shares in the last quarter. FMR LLC raised its holdings in shares of MeridianLink by 5.1% during the third quarter. FMR LLC now owns 23,408 shares of the company’s stock valued at $482,000 after acquiring an additional 1,139 shares during the period. Finally, Corebridge Financial Inc. lifted its position in shares of MeridianLink by 12.8% in the 4th quarter. Corebridge Financial Inc. now owns 16,260 shares of the company’s stock valued at $336,000 after acquiring an additional 1,839 shares in the last quarter. 82.65% of the stock is owned by institutional investors.

MeridianLink Stock Performance

Shares of MeridianLink stock opened at $16.67 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86. MeridianLink has a 1 year low of $15.57 and a 1 year high of $25.33. The firm’s 50-day simple moving average is $18.50 and its 200-day simple moving average is $20.36. The firm has a market cap of $1.28 billion, a PE ratio of -24.88 and a beta of 0.96.

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.