MeridianLink, Inc. (NYSE:MLNK) Given Average Rating of "Hold" by Brokerages

Shares of MeridianLink, Inc. (NYSE:MLNK - Get Free Report) have been assigned an average recommendation of "Hold" from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $20.60.

A number of brokerages have recently issued reports on MLNK. UBS Group upped their price target on MeridianLink from $17.00 to $18.00 and gave the stock a "sell" rating in a research report on Tuesday, August 13th. Barclays upped their price target on MeridianLink from $18.00 to $20.00 and gave the stock an "underweight" rating in a research report on Friday, August 9th. Finally, Stifel Nicolaus upped their target price on MeridianLink from $18.00 to $22.00 and gave the company a "hold" rating in a research report on Friday, August 9th.

MeridianLink Stock Down 1.6 %

MeridianLink stock traded down $0.34 during mid-day trading on Wednesday, reaching $20.88. 200,027 shares of the company were exchanged, compared to its average volume of 262,853. The business has a fifty day moving average of $22.13 and a 200 day moving average of $20.71. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a market cap of $1.60 billion, a P/E ratio of -38.67 and a beta of 1.00. MeridianLink has a 12-month low of $14.89 and a 12-month high of $25.88.

MeridianLink (NYSE:MLNK - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.04). The business had revenue of $78.70 million for the quarter, compared to analyst estimates of $78.08 million. MeridianLink had a negative return on equity of 7.62% and a negative net margin of 15.16%. The business's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) earnings per share. Research analysts anticipate that MeridianLink will post -0.27 earnings per share for the current fiscal year.

Insider Activity at MeridianLink

In other MeridianLink news, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $609,026,767.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 21.30% of the stock is owned by insiders.

Institutional Investors Weigh In On MeridianLink

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in MeridianLink by 32.8% in the 1st quarter. Vanguard Group Inc. now owns 2,756,231 shares of the company's stock valued at $51,542,000 after buying an additional 680,872 shares in the last quarter. Keenan Capital LLC raised its holdings in MeridianLink by 9.6% in the 1st quarter. Keenan Capital LLC now owns 2,565,269 shares of the company's stock valued at $47,971,000 after acquiring an additional 225,000 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in MeridianLink by 23.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 797,074 shares of the company's stock valued at $17,026,000 after acquiring an additional 150,712 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of MeridianLink by 10.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 263,525 shares of the company's stock worth $4,928,000 after buying an additional 25,906 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of MeridianLink by 11.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,147 shares of the company's stock worth $2,228,000 after buying an additional 12,472 shares during the last quarter. 82.65% of the stock is owned by hedge funds and other institutional investors.

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.