Analysts Set MeridianLink, Inc. (NYSE:MLNK) Price Target at $18.67

Shares of MeridianLink, Inc. (NYSE:MLNK) have received a consensus recommendation of “Hold” from the eight research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $18.67.

MLNK has been the subject of a number of recent research reports. Wolfe Research upgraded MeridianLink from an “underperform” rating to a “peer perform” rating in a report on Thursday, February 8th. William Blair reiterated an “outperform” rating on shares of MeridianLink in a report on Wednesday, March 6th. Barclays lowered their target price on MeridianLink from $23.00 to $20.00 and set an “underweight” rating for the company in a report on Thursday, March 7th. Citigroup decreased their price objective on MeridianLink from $23.50 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. Finally, Stifel Nicolaus decreased their price objective on MeridianLink from $20.00 to $18.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th.

Insider Activity

In related news, Director Timothy Nguyen sold 1,657,246 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $18.29, for a total transaction of $30,311,029.34. Following the sale, the director now directly owns 1,014,526 shares of the company’s stock, valued at $18,555,680.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 20.10% of the company’s stock.

Institutional Trading of MeridianLink

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of MeridianLink by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 2,075,359 shares of the company’s stock valued at $51,407,000 after acquiring an additional 23,913 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in MeridianLink by 45.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 22,802 shares of the company’s stock worth $565,000 after acquiring an additional 7,107 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of MeridianLink in the fourth quarter valued at $593,000. Barclays PLC grew its stake in shares of MeridianLink by 321.3% in the fourth quarter. Barclays PLC now owns 40,775 shares of the company’s stock valued at $1,010,000 after buying an additional 31,096 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of MeridianLink by 141.9% in the fourth quarter. Royal Bank of Canada now owns 8,870 shares of the company’s stock valued at $220,000 after buying an additional 5,203 shares in the last quarter. 82.65% of the stock is owned by institutional investors and hedge funds.

MeridianLink Stock Performance

NYSE:MLNK opened at $17.51 on Tuesday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.83. MeridianLink has a 12-month low of $13.62 and a 12-month high of $25.88. The stock has a 50-day moving average price of $18.40 and a 200 day moving average price of $19.76. The stock has a market capitalization of $1.34 billion, a P/E ratio of -32.42 and a beta of 0.91.

MeridianLink (NYSE:MLNK) last released its quarterly earnings results on Tuesday, March 5th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.23). The firm had revenue of $74.60 million for the quarter, compared to analysts’ expectations of $74.61 million. MeridianLink had a negative net margin of 14.01% and a negative return on equity of 6.77%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.05) EPS. Equities research analysts forecast that MeridianLink will post -0.02 EPS for the current fiscal year.

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.