Brokerages Set MeridianLink, Inc. (NYSE:MLNK) Price Target at $22.90

Shares of MeridianLink, Inc. (NYSE:MLNK) have been given an average recommendation of “Hold” by the seven analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $22.90.

A number of equities research analysts have recently issued reports on the stock. Raymond James lifted their price target on shares of MeridianLink from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. UBS Group raised MeridianLink from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $18.00 to $22.50 in a report on Monday, November 11th.

MeridianLink Stock Down 3.5 %

MLNK stock opened at $21.41 on Thursday. 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 50-day moving average price is $22.42 and its 200 day moving average price is $22.12. MeridianLink has a 52 week low of $16.49 and a 52 week high of $25.88. The company has a market cap of $1.62 billion, a P/E ratio of -31.96 and a beta of 0.99.

Insider Transactions at MeridianLink

In related news, CEO Nicolaas Vlok sold 29,217 shares of MeridianLink stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $22.80, for a total transaction of $666,147.60. Following the completion of the sale, the chief executive officer now owns 1,043,382 shares in the company, valued at approximately $23,789,109.60. This trade represents 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 Thoma Bravo Ugp, Llc sold 6,000,000 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $21.05, for a total transaction of $126,300,000.00. Following the completion of the transaction, the insider now directly owns 29,582,388 shares of the company’s stock, valued at $622,709,267.40. The trade was a 16.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,864,890 shares of company stock valued at $144,992,509 in the last ninety days. Corporate insiders own 21.30% of the company’s stock.

Institutional Trading of MeridianLink

A number of hedge funds have recently bought and sold shares of MLNK. nVerses Capital LLC acquired a new position in MeridianLink in the 2nd quarter valued at $41,000. SG Americas Securities LLC acquired a new position in MeridianLink in the third quarter valued at $231,000. Squarepoint Ops LLC purchased a new position in MeridianLink during the second quarter worth about $336,000. The Manufacturers Life Insurance Company boosted its stake in MeridianLink by 10.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company’s stock worth $346,000 after buying an additional 1,490 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in MeridianLink in the 2nd quarter valued at about $360,000. Institutional investors and hedge funds own 82.65% of the company’s stock.

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.