MeridianLink, Inc. (NYSE:MLNK) Receives $20.58 Average PT from Analysts

Shares of MeridianLink, Inc. (NYSE:MLNK) have earned an average rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat reports. 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. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $20.58.

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

MeridianLink Stock Down 0.1 %

NYSE MLNK opened at $19.29 on Friday. The stock has a 50 day moving average price of $19.30 and a 200-day moving average price of $21.02. MeridianLink has a one year low of $16.49 and a one year high of $25.33. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86. The company has a market capitalization of $1.48 billion, a P/E ratio of -28.79 and a beta of 1.01.

Institutional Trading of MeridianLink

A number of hedge funds and other institutional investors have recently bought and sold shares of MLNK. Vanguard Group Inc. raised its stake in shares of MeridianLink by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 3,266,023 shares of the company’s stock valued at $67,443,000 after acquiring an additional 310,228 shares in the last quarter. Victory Capital Management Inc. purchased a new position in MeridianLink during the 4th quarter worth $29,461,000. Dimensional Fund Advisors LP raised its position in MeridianLink by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 986,105 shares of the company’s stock valued at $20,363,000 after purchasing an additional 107,349 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of MeridianLink by 11.4% in the 4th quarter. Geode Capital Management LLC now owns 672,526 shares of the company’s stock worth $13,890,000 after buying an additional 69,083 shares during the period. Finally, State Street Corp grew its position in shares of MeridianLink by 20.7% during the 3rd quarter. State Street Corp now owns 667,201 shares of the company’s stock worth $13,724,000 after buying an additional 114,578 shares in the last quarter. 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.