Analysts Set MeridianLink, Inc. (NYSE:MLNK) Target Price at $20.58

Shares of MeridianLink, Inc. (NYSE:MLNK - Get Free Report) have received an average recommendation of "Hold" from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $20.58.

Several brokerages have weighed in on MLNK. UBS Group lowered their target price on shares of MeridianLink from $25.50 to $20.50 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Raymond James reduced their target price on MeridianLink from $28.00 to $24.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. William Blair reissued an "outperform" rating on shares of MeridianLink in a research report on Friday, March 7th. Citigroup decreased their target price on shares of MeridianLink from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Finally, Bank of America cut shares of MeridianLink from a "buy" rating to an "underperform" rating and lowered their target price for the stock from $28.00 to $18.00 in a research note on Thursday, January 30th.

Institutional Trading of MeridianLink

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of 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 purchasing an additional 65,834 shares during the period. Barclays PLC raised its stake in shares of MeridianLink by 342.1% in the 3rd quarter. Barclays PLC now owns 42,399 shares of the company's stock valued at $872,000 after acquiring an additional 32,808 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of MeridianLink by 24.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 218,104 shares of the company's stock valued at $4,486,000 after acquiring an additional 42,302 shares during the period. Maven Securities LTD acquired a new position in shares of MeridianLink during the 3rd quarter valued at $5,377,000. Finally, Centiva Capital LP purchased a new stake in MeridianLink during the 3rd quarter worth $823,000. 82.65% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

MeridianLink Price Performance

Shares of MLNK traded down $0.21 during mid-day trading on Friday, hitting $19.28. The company's stock had a trading volume of 158,398 shares, compared to its average volume of 265,138. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11. MeridianLink has a 1-year low of $16.49 and a 1-year high of $25.33. The firm has a market capitalization of $1.48 billion, a P/E ratio of -28.78 and a beta of 1.01. The firm has a 50-day simple moving average of $19.30 and a 200 day simple moving average of $21.05.

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.