MeridianLink (NYSE:MLNK) Price Target Cut to $16.00 by Analysts at Barclays

MeridianLink (NYSE:MLNK - Free Report) had its price target reduced by Barclays from $19.00 to $16.00 in a research note published on Monday,Benzinga reports. They currently have an underweight rating on the stock.

Several other equities research analysts also recently weighed in on the company. UBS Group decreased their price target on MeridianLink from $25.50 to $20.50 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Raymond James reduced their target price on shares of MeridianLink from $28.00 to $24.00 and set an "outperform" rating for the company in a research note on Friday, March 7th. Citigroup dropped their price target on shares of MeridianLink from $24.00 to $20.00 and set a "neutral" rating on the stock 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, Bank of America cut 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 research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $20.08.

MeridianLink Stock Performance

MLNK stock traded down $0.10 during trading on Monday, hitting $16.45. The company had a trading volume of 221,808 shares, compared to its average volume of 278,787. The firm has a 50-day moving average price of $18.33 and a 200-day moving average price of $20.28. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11. The firm has a market cap of $1.26 billion, a PE ratio of -24.55 and a beta of 0.96. MeridianLink has a 1-year low of $15.57 and a 1-year high of $25.33.

Hedge Funds Weigh In On MeridianLink

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in MeridianLink by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 3,266,023 shares of the company's stock worth $67,443,000 after purchasing an additional 310,228 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of MeridianLink in the 4th quarter worth about $29,461,000. Dimensional Fund Advisors LP boosted its position in shares of MeridianLink by 12.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 986,105 shares of the company's stock worth $20,363,000 after buying an additional 107,349 shares in the last quarter. Geode Capital Management LLC grew its stake in MeridianLink by 11.4% in the 4th quarter. Geode Capital Management LLC now owns 672,526 shares of the company's stock valued at $13,890,000 after acquiring an additional 69,083 shares during the last quarter. Finally, State Street Corp increased its holdings in MeridianLink by 20.7% during the 3rd quarter. State Street Corp now owns 667,201 shares of the company's stock valued at $13,724,000 after acquiring an additional 114,578 shares in the last quarter. 82.65% of the stock is owned by hedge funds and other institutional investors.

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.