MeridianLink’s (MLNK) Outperform Rating Reaffirmed at William Blair

William Blair reiterated their outperform rating on shares of MeridianLink (NYSE:MLNK) in a research note published on Friday morning,RTT News reports.

A number of other brokerages also recently issued reports on MLNK. UBS Group decreased their price objective on MeridianLink from $25.50 to $20.50 and set a “neutral” rating on the stock in a research report on Tuesday. Raymond James cut their target price on MeridianLink from $28.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday. Bank of America cut MeridianLink from a “buy” rating to an “underperform” rating and cut their target price for the company from $28.00 to $18.00 in a research note on Thursday, January 30th. Finally, Barclays cut their target price on MeridianLink from $20.00 to $19.00 and set an “underweight” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.58.

MeridianLink Trading Up 17.1 %

Shares of MLNK stock opened at $21.58 on Friday. MeridianLink has a 1 year low of $16.49 and a 1 year high of $25.33. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86. The stock’s 50 day simple moving average is $19.39 and its two-hundred day simple moving average is $21.32. The company has a market cap of $1.63 billion, a PE ratio of -32.20 and a beta of 1.01.

Insider Buying and Selling

In related news, major shareholder Timothy Nguyen sold 5,666 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $23.01, for a total value of $130,374.66. Following the transaction, the insider now owns 10,619,126 shares of the company’s stock, valued at $244,346,089.26. This represents a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nicolaas Vlok sold 29,217 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $22.80, for a total value of $666,147.60. Following the completion of the transaction, the chief executive officer now directly owns 1,043,382 shares in the company, valued at approximately $23,789,109.60. This trade represents a 2.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,511 shares of company stock valued at $2,312,942 over the last quarter. 21.30% of the stock is owned by corporate insiders.

Institutional Trading of MeridianLink

Several hedge funds and other institutional investors have recently bought and sold shares of MLNK. Victory Capital Management Inc. bought a new stake in MeridianLink during the 4th quarter valued at $29,461,000. Polar Asset Management Partners Inc. bought a new stake in MeridianLink during the 3rd quarter valued at $8,598,000. Western Standard LLC bought a new stake in MeridianLink during the 4th quarter valued at $7,223,000. Vanguard Group Inc. boosted its position in MeridianLink by 10.5% during the 4th 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. Finally, Maven Securities LTD bought a new stake in MeridianLink during the 3rd quarter valued at $5,377,000. Institutional investors own 82.65% of the company’s stock.

MeridianLink Company Profile

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.