MeridianLink (NYSE:MLNK) Upgraded to “Neutral” at UBS Group

UBS Group upgraded shares of MeridianLink (NYSE:MLNK) from a sell rating to a neutral rating in a research note published on Monday, Marketbeat Ratings reports. The brokerage currently has $22.50 target price on the stock, up from their previous target price of $18.00.

MLNK has been the topic of a number of other reports. Stifel Nicolaus upped their price objective on MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a report on Friday, August 9th. Barclays upped their price target on MeridianLink from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Friday, August 9th. Finally, Raymond James raised their price objective on MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $22.90.

MeridianLink Stock Performance

NYSE:MLNK opened at $24.62 on Monday. The company’s 50-day moving average is $22.21 and its two-hundred day moving average is $21.21. MeridianLink has a 1-year low of $16.49 and a 1-year high of $25.88. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -36.75 and a beta of 0.98.

Insider Buying and Selling at MeridianLink

In other news, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $21.05, for a total transaction of $13,682,500.00. Following the sale, the insider now owns 28,932,388 shares of the company’s stock, valued at approximately $609,026,767.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.30% of the stock is currently owned by corporate insiders.

Institutional Trading of MeridianLink

A number of large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. grew its position in shares of MeridianLink by 26.4% during the first quarter. Russell Investments Group Ltd. now owns 15,430 shares of the company’s stock worth $289,000 after buying an additional 3,226 shares in the last quarter. Vanguard Group Inc. increased its position in shares of 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 purchasing an additional 680,872 shares during the last quarter. Keenan Capital LLC raised its holdings in shares of 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 purchasing an additional 225,000 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position 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 purchasing an additional 25,906 shares during the last quarter. Finally, SG Capital Management LLC purchased a new stake in shares of MeridianLink during the 1st quarter worth $2,117,000. Hedge funds and other 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.