MeridianLink, Inc. (NYSE:MLNK) Receives $18.67 Consensus Target Price from Analysts

MeridianLink, Inc. (NYSE:MLNK - Get Free Report) has been given a consensus rating of "Hold" by the eight analysts that are currently covering the stock, Marketbeat reports. Two analysts have 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 1 year price target among brokerages that have issued a report on the stock in the last year is $18.67.

Several research firms have recently weighed in on MLNK. William Blair reaffirmed an "outperform" rating on shares of MeridianLink in a research note on Wednesday, March 6th. Wolfe Research raised shares of MeridianLink from an "underperform" rating to a "peer perform" rating in a research note on Thursday, February 8th. Barclays decreased their price target on shares of MeridianLink from $23.00 to $20.00 and set an "underweight" rating for the company in a research note on Thursday, March 7th. Stifel Nicolaus reduced their price objective on shares of MeridianLink from $20.00 to $18.00 and set a "hold" rating for the company in a research note on Wednesday, March 6th. Finally, Citigroup reduced their price objective on shares of MeridianLink from $23.50 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, March 6th.

Insider Transactions at MeridianLink

In other news, Director Timothy Nguyen sold 1,657,246 shares of the company's stock in a transaction on 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 transaction, the director now directly owns 1,014,526 shares of the company's stock, valued at $18,555,680.54. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 20.10% of the company's stock.

Institutional Investors Weigh In On MeridianLink

Large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of MeridianLink by 51.6% during the 1st quarter. BlackRock Inc. now owns 1,170,595 shares of the company's stock worth $21,187,000 after acquiring an additional 398,326 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of MeridianLink by 33.8% during the 1st quarter. Vanguard Group Inc. now owns 1,477,975 shares of the company's stock worth $26,752,000 after acquiring an additional 373,637 shares in the last quarter. Keenan Capital LLC boosted its stake in shares of MeridianLink by 11.5% during the 3rd quarter. Keenan Capital LLC now owns 2,896,577 shares of the company's stock worth $49,416,000 after acquiring an additional 298,686 shares in the last quarter. Northern Trust Corp boosted its stake in shares of MeridianLink by 127.0% during the 1st quarter. Northern Trust Corp now owns 287,719 shares of the company's stock worth $5,208,000 after acquiring an additional 160,991 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of MeridianLink by 38.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 531,692 shares of the company's stock worth $13,172,000 after acquiring an additional 146,822 shares in the last quarter. 82.65% of the stock is owned by hedge funds and other institutional investors.

MeridianLink Trading Down 0.1 %

MLNK traded down $0.02 on Tuesday, hitting $16.80. The company had a trading volume of 191,303 shares, compared to its average volume of 225,948. The company has a market cap of $1.28 billion, a PE ratio of -31.11 and a beta of 0.92. MeridianLink has a 12-month low of $13.62 and a 12-month high of $25.88. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.83. The business's fifty day simple moving average is $18.46 and its 200 day simple moving average is $19.79.

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