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

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

Several research analysts recently weighed in on MLNK shares. Barclays increased their target price on MeridianLink from $18.00 to $20.00 and gave the stock an "underweight" rating in a research report on Friday, August 9th. UBS Group raised shares of MeridianLink from a "sell" rating to a "neutral" rating and increased their target price for the stock from $18.00 to $22.50 in a research report on Monday, November 11th. Raymond James lifted their price target on shares of MeridianLink from $26.00 to $28.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Finally, Stifel Nicolaus increased their price objective on shares of MeridianLink from $18.00 to $22.00 and gave the stock a "hold" rating in a research report on Friday, August 9th.

Insider Buying and Selling at MeridianLink

In other news, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of the company's stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $21.05, for a total value of $13,682,500.00. Following the sale, the insider now owns 28,932,388 shares in the company, valued at approximately $609,026,767.40. This represents a 2.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 completion of the transaction, the insider now owns 10,928,412 shares of the company's stock, valued at $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 a total of 6,750,000 shares of company stock valued at $142,332,500 in the last three months. Corporate insiders own 21.30% of the company's stock.

Institutional Investors Weigh In On MeridianLink

A number of institutional investors have recently made changes to their positions in the company. 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 valued at $482,000 after purchasing an additional 1,139 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of MeridianLink by 10.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company's stock valued at $346,000 after buying an additional 1,490 shares during the period. nVerses Capital LLC bought a new stake in shares of MeridianLink during the 2nd quarter valued at about $41,000. Rhumbline Advisers raised its stake in MeridianLink by 6.4% during the second quarter. Rhumbline Advisers now owns 43,865 shares of the company's stock worth $937,000 after acquiring an additional 2,633 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in MeridianLink by 26.4% in the first quarter. Russell Investments Group Ltd. now owns 15,430 shares of the company's stock worth $289,000 after acquiring an additional 3,226 shares during the last quarter. 82.65% of the stock is currently owned by institutional investors.

MeridianLink Price Performance

MLNK stock traded down $0.68 on Friday, hitting $22.02. 320,671 shares of the company were exchanged, compared to its average volume of 420,214. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86. MeridianLink has a twelve month low of $16.49 and a twelve month high of $25.88. The business's fifty day moving average is $22.24 and its two-hundred day moving average is $21.35.

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.