MeridianLink, Inc. (NYSE:MLNK) Receives Consensus Rating of “Hold” from Analysts

MeridianLink, Inc. (NYSE:MLNK) has been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $20.58.

A number of research analysts have recently issued reports on the company. William Blair reiterated an “outperform” rating on shares of MeridianLink in a report on Friday, March 7th. Bank of America lowered MeridianLink from a “buy” rating to an “underperform” rating and cut their target price for the company from $28.00 to $18.00 in a research note on Thursday, January 30th. Citigroup decreased their price target on shares of MeridianLink from $24.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. UBS Group cut their price objective on shares of MeridianLink from $25.50 to $20.50 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Finally, Barclays decreased their target price on shares of MeridianLink from $20.00 to $19.00 and set an “underweight” rating for the company in a research report on Friday, March 7th.

Institutional Trading of MeridianLink

Institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its position in MeridianLink by 28.4% in the fourth quarter. California State Teachers Retirement System now owns 28,312 shares of the company’s stock valued at $585,000 after buying an additional 6,268 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in MeridianLink by 47.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 33,167 shares of the company’s stock worth $685,000 after acquiring an additional 10,600 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in MeridianLink by 46.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,440 shares of the company’s stock valued at $1,496,000 after buying an additional 22,858 shares in the last quarter. Western Standard LLC acquired a new stake in shares of MeridianLink in the fourth quarter worth approximately $7,223,000. Finally, Woodline Partners LP purchased a new position in MeridianLink in the 4th quarter valued at $219,000. 82.65% of the stock is currently owned by institutional investors and hedge funds.

MeridianLink Stock Performance

Shares of MLNK stock opened at $19.29 on Friday. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of -28.79 and a beta of 1.01. MeridianLink has a 52-week low of $16.49 and a 52-week high of $25.33. 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 company’s 50 day moving average is $19.30 and its 200 day moving average is $21.02.

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.