MeridianLink, Inc. (NYSE:MLNK) Receives Average Recommendation of "Hold" from Analysts

Shares of MeridianLink, Inc. (NYSE:MLNK - Get Free Report) have earned an average rating of "Hold" from the seven research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $20.08.

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

Institutional Trading of MeridianLink

Several institutional investors and hedge funds have recently made changes to their positions in MLNK. FMR LLC increased its stake in MeridianLink by 5.1% during the third quarter. FMR LLC now owns 23,408 shares of the company's stock worth $482,000 after acquiring an additional 1,139 shares during the last quarter. State Street Corp increased its stake in MeridianLink by 20.7% during the third quarter. State Street Corp now owns 667,201 shares of the company's stock valued at $13,724,000 after purchasing an additional 114,578 shares during the last quarter. Barclays PLC raised its position in shares of MeridianLink by 342.1% during the 3rd quarter. Barclays PLC now owns 42,399 shares of the company's stock worth $872,000 after purchasing an additional 32,808 shares during the period. Geode Capital Management LLC grew its holdings in MeridianLink by 12.2% in the 3rd quarter. Geode Capital Management LLC now owns 603,443 shares of the company's stock worth $12,415,000 after buying an additional 65,834 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of MeridianLink by 94.9% in the fourth quarter. SG Americas Securities LLC now owns 21,878 shares of the company's stock valued at $452,000 after acquiring an additional 10,654 shares in the last quarter. 82.65% of the stock is currently owned by hedge funds and other institutional investors.

MeridianLink Price Performance

NYSE:MLNK traded down $0.10 on Wednesday, reaching $16.45. 221,808 shares of the company's stock traded hands, compared to its average volume of 278,606. The stock has a 50-day simple moving average of $18.39 and a 200-day simple moving average of $20.31. 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 has a 12 month low of $15.57 and a 12 month high of $25.33. The firm has a market cap of $1.26 billion, a PE ratio of -24.55 and a beta of 0.96.

About MeridianLink

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.