MeridianLink (NYSE:MLNK) Shares Gap Down - Time to Sell?

MeridianLink, Inc. (NYSE:MLNK - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $20.83, but opened at $19.73. MeridianLink shares last traded at $19.55, with a volume of 56,760 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MLNK shares. UBS Group raised MeridianLink from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $18.00 to $22.50 in a research report on Monday, November 11th. Bank of America downgraded MeridianLink from a "buy" rating to an "underperform" rating and reduced their price target for the stock from $28.00 to $18.00 in a research report on Thursday. Finally, Raymond James boosted 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $22.08.

MeridianLink Trading Down 0.2 %

The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -28.69 and a beta of 1.00. The firm's 50-day moving average is $21.15 and its 200 day moving average is $21.94.

MeridianLink (NYSE:MLNK - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.17). MeridianLink had a negative return on equity of 9.57% and a negative net margin of 16.57%. The firm had revenue of $80.37 million for the quarter, compared to analyst estimates of $79.54 million. On average, equities analysts predict that MeridianLink, Inc. will post -0.35 earnings per share for the current fiscal year.

Insider Buying and Selling at MeridianLink

In related news, CEO Nicolaas Vlok sold 29,217 shares of MeridianLink stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $22.80, for a total value of $666,147.60. Following the sale, the chief executive officer now owns 1,043,382 shares of the company's stock, valued at approximately $23,789,109.60. The trade was a 2.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Timothy Nguyen sold 10,776 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $23.02, for a total value of $248,063.52. Following the transaction, the insider now directly owns 10,751,935 shares in the company, valued at $247,509,543.70. This represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 286,488 shares of company stock worth $6,525,738. Corporate insiders own 21.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MLNK. FMR LLC increased its holdings in shares of MeridianLink by 5.1% in the 3rd quarter. FMR LLC now owns 23,408 shares of the company's stock worth $482,000 after buying an additional 1,139 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in 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 buying an additional 1,490 shares during the period. Rhumbline Advisers boosted its holdings in MeridianLink by 10.0% during the 4th quarter. Rhumbline Advisers now owns 48,629 shares of the company's stock valued at $1,004,000 after acquiring an additional 4,404 shares during the period. SG Americas Securities LLC grew its position in MeridianLink by 94.9% during the 4th quarter. SG Americas Securities LLC now owns 21,878 shares of the company's stock worth $452,000 after acquiring an additional 10,654 shares during the last quarter. Finally, WCM Investment Management LLC increased its stake in MeridianLink by 1.0% in the 3rd quarter. WCM Investment Management LLC now owns 1,159,590 shares of the company's stock worth $24,340,000 after purchasing an additional 12,002 shares during the period. Institutional investors own 82.65% of the company's stock.

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.