MeridianLink (NYSE:MLNK) Given New $16.00 Price Target at Barclays

MeridianLink (NYSE:MLNK) had its price target decreased by Barclays from $19.00 to $16.00 in a research report report published on Monday,Benzinga reports. Barclays currently has an underweight rating on the stock.

Other equities analysts have also recently issued reports about the company. UBS Group cut their target price on MeridianLink from $25.50 to $20.50 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Raymond James reduced their price objective on shares of MeridianLink from $28.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, March 7th. Citigroup lowered their target price on shares of MeridianLink from $24.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Bank of America lowered MeridianLink from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $28.00 to $18.00 in a report on Thursday, January 30th. Finally, William Blair restated an “outperform” rating on shares of MeridianLink in a report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.08.

MeridianLink Stock Down 1.0 %

MLNK stock opened at $16.53 on Monday. The stock’s 50 day simple moving average is $18.45 and its 200 day simple moving average is $20.34. The company has a market cap of $1.27 billion, a P/E ratio of -24.67 and a beta of 0.96. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86. MeridianLink has a fifty-two week low of $15.57 and a fifty-two week high of $25.33.

Hedge Funds Weigh In On MeridianLink

Institutional investors have recently modified their holdings of the business. Quantbot Technologies LP purchased a new position in MeridianLink in the fourth quarter worth $65,000. Summit Investment Advisors Inc. boosted its holdings in shares of MeridianLink by 32.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company’s stock worth $71,000 after buying an additional 830 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in MeridianLink during the fourth quarter valued at about $124,000. Millennium Management LLC purchased a new stake in MeridianLink during the fourth quarter worth about $201,000. Finally, Woodline Partners LP bought a new stake in MeridianLink in the fourth quarter worth about $219,000. 82.65% of the stock is owned by institutional investors.

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.