William Blair Reiterates Outperform Rating for MeridianLink (NYSE:MLNK)

William Blair reaffirmed their outperform rating on shares of MeridianLink (NYSE:MLNK - Free Report) in a report issued on Friday,RTT News reports.

MLNK has been the topic of several other reports. UBS Group decreased their price target on shares of MeridianLink from $25.50 to $20.50 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Barclays cut their price objective on shares of MeridianLink from $20.00 to $19.00 and set an "underweight" rating for the company in a report on Friday. Bank of America cut 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 report on Thursday, January 30th. Finally, Raymond James cut their price target on MeridianLink from $28.00 to $24.00 and set an "outperform" rating for the company in a report on Friday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $20.58.

MeridianLink Price Performance

MLNK stock traded down $0.98 during midday trading on Friday, reaching $19.72. The stock had a trading volume of 407,876 shares, compared to its average volume of 265,869. MeridianLink has a 52-week low of $16.49 and a 52-week high of $25.33. 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 company's fifty day simple moving average is $19.38 and its 200 day simple moving average is $21.28. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -29.44 and a beta of 1.01.

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Insider Transactions at MeridianLink

In other news, CEO Nicolaas Vlok sold 71,598 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $21.17, for a total transaction of $1,515,729.66. Following the completion of the transaction, the chief executive officer now directly owns 1,043,382 shares in the company, valued at approximately $22,088,396.94. This represents a 6.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 100,845 shares of company stock worth $2,182,567 in the last 90 days. Insiders own 21.30% of the company's stock.

Institutional Trading of MeridianLink

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in MeridianLink by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 3,266,023 shares of the company's stock worth $67,443,000 after buying an additional 310,228 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of MeridianLink in the fourth quarter valued at $29,461,000. WCM Investment Management LLC lifted its stake in MeridianLink by 1.0% during the 3rd quarter. WCM Investment Management LLC now owns 1,159,590 shares of the company's stock worth $24,340,000 after acquiring an additional 12,002 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in MeridianLink by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 986,105 shares of the company's stock worth $20,363,000 after acquiring an additional 107,349 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in MeridianLink by 11.4% during the 4th quarter. Geode Capital Management LLC now owns 672,526 shares of the company's stock valued at $13,890,000 after acquiring an additional 69,083 shares during the period. 82.65% of the stock is currently 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.