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

Shares of MeridianLink, Inc. (NYSE:MLNK - Get Free Report) have received a consensus rating of "Hold" from the eight analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $22.08.

Several brokerages recently issued reports on MLNK. Raymond James increased their price objective on MeridianLink from $26.00 to $28.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. UBS Group upgraded MeridianLink from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $18.00 to $22.50 in a report on Monday, November 11th. Finally, Bank of America lowered MeridianLink from a "buy" rating to an "underperform" rating and cut their price objective for the stock from $28.00 to $18.00 in a report on Thursday.

MeridianLink Stock Down 0.2 %

Shares of MLNK traded down $0.03 during mid-day trading on Friday, reaching $19.22. The company's stock had a trading volume of 272,684 shares, compared to its average volume of 248,275. The business has a fifty day moving average of $21.15 and a 200 day moving average of $21.94. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -28.69 and a beta of 1.00. MeridianLink has a 1 year low of $16.49 and a 1 year high of $25.33. 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 (NYSE:MLNK - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.17). The business had revenue of $80.37 million during the quarter, compared to analysts' expectations of $79.54 million. MeridianLink had a negative net margin of 16.57% and a negative return on equity of 9.57%. As a group, analysts forecast that MeridianLink will post -0.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Nicolaas Vlok sold 71,598 shares of MeridianLink stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $21.17, for a total transaction of $1,515,729.66. Following the sale, the chief executive officer now directly owns 1,043,382 shares of the company's stock, valued at $22,088,396.94. This trade represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Timothy Nguyen sold 100,000 shares of MeridianLink stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $23.50, for a total value of $2,350,000.00. Following the sale, the insider now directly owns 10,928,412 shares in the company, valued at approximately $256,817,682. This trade represents a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 286,488 shares of company stock valued at $6,525,738 over the last three months. 21.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MeridianLink

Institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its stake in MeridianLink by 10.0% during the fourth quarter. Rhumbline Advisers now owns 48,629 shares of the company's stock worth $1,004,000 after purchasing an additional 4,404 shares during the period. SG Americas Securities LLC lifted its stake in MeridianLink by 94.9% during the fourth quarter. SG Americas Securities LLC now owns 21,878 shares of the company's stock worth $452,000 after purchasing an additional 10,654 shares during the period. Barclays PLC lifted its stake in MeridianLink by 342.1% during the third 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 lifted its stake in MeridianLink by 12.2% during the third quarter. Geode Capital Management LLC now owns 603,443 shares of the company's stock worth $12,415,000 after purchasing an additional 65,834 shares during the period. Finally, State Street Corp lifted its stake in MeridianLink by 20.7% during the third quarter. State Street Corp now owns 667,201 shares of the company's stock worth $13,724,000 after purchasing an additional 114,578 shares during the period. 82.65% of the stock is owned by institutional investors and hedge funds.

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.