Brokerages Set MeridianLink, Inc. (NYSE:MLNK) Target Price at $22.90

MeridianLink, Inc. (NYSE:MLNK - Get Free Report) has been assigned an average recommendation of "Hold" from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $22.90.

Several equities research analysts recently issued reports on the company. UBS Group upgraded MeridianLink from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $18.00 to $22.50 in a report on Monday, November 11th. Raymond James lifted their price target on MeridianLink from $26.00 to $28.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th.

MeridianLink Price Performance

Shares of NYSE MLNK traded down $0.26 during trading on Monday, hitting $20.05. The company had a trading volume of 363,956 shares, compared to its average volume of 271,619. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -29.93 and a beta of 1.02. The stock has a fifty day simple moving average of $22.37 and a two-hundred day simple moving average of $22.21. 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 fifty-two week low of $16.49 and a fifty-two week high of $25.33.

Insider Transactions at MeridianLink

In other news, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of the business's stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $21.05, for a total transaction of $13,682,500.00. Following the transaction, the insider now owns 28,932,388 shares of the company's stock, valued at approximately $609,026,767.40. The trade was a 2.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Timothy Nguyen sold 1,701 shares of the company's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $23.05, for a total transaction of $39,208.05. Following the completion of the sale, the insider now directly owns 10,728,234 shares of the company's stock, valued at $247,285,793.70. This represents a 0.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 936,488 shares of company stock worth $20,208,238 in the last ninety days. Insiders own 21.30% of the company's stock.

Institutional Trading of MeridianLink

Several institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of MeridianLink during the 3rd quarter worth $231,000. Squarepoint Ops LLC purchased a new position in MeridianLink during the second quarter worth about $336,000. The Manufacturers Life Insurance Company increased its position in shares of MeridianLink by 10.1% during the second quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company's stock valued at $346,000 after acquiring an additional 1,490 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of MeridianLink in the 2nd quarter valued at approximately $360,000. Finally, American Century Companies Inc. lifted its holdings in shares of MeridianLink by 46.4% in the 2nd quarter. American Century Companies Inc. now owns 18,896 shares of the company's stock worth $404,000 after acquiring an additional 5,988 shares during the last quarter. Hedge funds and other institutional investors own 82.65% of the company's stock.

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.