Analysts Set MeridianLink, Inc. (NYSE:MLNK) Price Target at $20.08

MeridianLink, Inc. (NYSE:MLNK - Get Free Report) has been given an average recommendation of "Hold" by the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $20.08.

MLNK has been the subject of several recent analyst reports. Citigroup decreased their price target on MeridianLink from $24.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Raymond James lowered their price objective on shares of MeridianLink from $28.00 to $24.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Barclays dropped their target price on MeridianLink from $19.00 to $16.00 and set an "underweight" rating on the stock in a report on Monday, April 14th. William Blair reaffirmed an "outperform" rating on shares of MeridianLink in a research note on Friday, March 7th. Finally, Bank of America downgraded MeridianLink from a "buy" rating to an "underperform" rating and dropped their price objective for the stock from $28.00 to $18.00 in a research note on Thursday, January 30th.

MeridianLink Stock Performance

NYSE MLNK traded down $0.10 on Wednesday, hitting $16.45. The stock had a trading volume of 221,808 shares, compared to its average volume of 279,111. The company's 50-day moving average is $18.33 and its two-hundred day moving average is $20.28. MeridianLink has a one year low of $15.57 and a one year high of $25.33. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -24.55 and a beta of 0.96. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11.

Hedge Funds Weigh In On MeridianLink

A number of hedge funds and other institutional investors have recently modified their holdings of MLNK. Geode Capital Management LLC boosted its holdings in shares of MeridianLink by 12.2% in the third quarter. Geode Capital Management LLC now owns 603,443 shares of the company's stock worth $12,415,000 after buying an additional 65,834 shares during the period. Arrowstreet Capital Limited Partnership grew its position in MeridianLink by 123.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 398,389 shares of the company's stock worth $8,227,000 after purchasing an additional 220,240 shares in the last quarter. Barclays PLC lifted its holdings in shares of MeridianLink by 342.1% in the third quarter. Barclays PLC now owns 42,399 shares of the company's stock valued at $872,000 after purchasing an additional 32,808 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of MeridianLink by 9.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 239,032 shares of the company's stock worth $4,936,000 after buying an additional 20,928 shares during the period. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of MeridianLink during the fourth quarter valued at $384,000. Institutional investors and hedge funds 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.