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MeridianLink, Inc. (NYSE:MLNK) Receives $22.90 Consensus Price Target from Brokerages

MeridianLink logo with Business Services background

MeridianLink, Inc. (NYSE:MLNK - Get Free Report) has been assigned an average recommendation of "Hold" from the seven analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $22.90.

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

View Our Latest Stock Report on MLNK

Insider Transactions at MeridianLink

In other news, major shareholder Timothy Nguyen sold 100,000 shares of the 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 transaction, the insider now owns 10,928,412 shares in the company, valued at approximately $256,817,682. This represents a 0.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of the firm's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $21.05, for a total transaction of $13,682,500.00. Following the sale, the insider now directly owns 28,932,388 shares in the company, valued at approximately $609,026,767.40. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,835,643 shares of company stock worth $144,325,671. 21.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MeridianLink

Several large investors have recently bought and sold shares of MLNK. nVerses Capital LLC acquired a new position in MeridianLink in the 2nd quarter valued at about $41,000. SG Americas Securities LLC purchased a new position in MeridianLink in the third quarter worth $231,000. Squarepoint Ops LLC purchased a new position in shares of MeridianLink in the second quarter valued at $336,000. The Manufacturers Life Insurance Company raised its stake in shares of MeridianLink by 10.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company's stock worth $346,000 after buying an additional 1,490 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of MeridianLink in the 2nd quarter worth about $360,000. Institutional investors and hedge funds own 82.65% of the company's stock.

MeridianLink Stock Down 1.2 %

Shares of NYSE MLNK traded down $0.28 during mid-day trading on Thursday, reaching $22.78. 150,840 shares of the company were exchanged, compared to its average volume of 271,927. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of -34.42 and a beta of 0.99. MeridianLink has a 1 year low of $16.49 and a 1 year high of $25.88. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11. The firm has a 50-day moving average of $22.23 and a 200 day moving average of $22.00.

About MeridianLink

(Get Free Report

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.

Further Reading

Analyst Recommendations for MeridianLink (NYSE:MLNK)

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