Credit Suisse Group has currently assigned a neutral rating to the stock.
MLNK has been the topic of many other reports. In a Thursday research report, BTIG Research lowered their target price for shares of MeridianLink to $28.00 from $24.00 and gave the company a buy rating. In a Monday research note, Citigroup reduced their price target for MeridianLink shares from $19.00 to $16.00. Raymond James lowered their price target for MeridianLink shares from $21.00 - $20.00 and gave the company an outperform rating in a research note dated Tuesday, November 8. Barclays raised their price target for shares of MeridianLink to $14.00 and $15.00 respectively. They also gave the stock an underweight rating. TheStreet reduced shares of MeridianLink's rating from a C- to a D+ rating in a research report on Monday, December 19. One analyst has given the stock a sell rating while two others have given the stock a hold rating. Two other analysts have also issued the stock a Hold rating. Two more have given the stock a Buy rating. On Thursday, the stock opened at $16.28 The company's 50-day moving price average is $15.71, and its 200-day average price is $15.98. MeridianLink's 12 month low was $12.49, and its 12 month high was $20.32. The current ratio is 3.28. It has a quick ratio 3.28. And a debt to equity ratio 0.73. The stock has a market capitalization of $1.32 Billion, a price to earnings ratio of 1,628.00, and a beta value of 0.71.
MeridianLink: Insider Transactions
In other news, Chris Maloof, an insider, sold 14,761 shares MeridianLink stock in a transaction which took place on Friday, January 6th. The shares were purchased at an average price $14.17 for a total of $209163.37. The insider now owns 259 393 shares of the company. This is a total value of $3,675,598.81. Insiders of the company own 20.90%.
MeridianLink Institutional Trading
Many large investors made recent changes to their positions in MLNK. In the third quarter, Darlington Partners Capital Management LP increased its stake in MeridianLink shares by 39.1%. Darlington Partners Capital Management LP now has 4,003,127 shares in the stock of the company, which is worth $65,171,000. During the period, it also acquired an additional 1,124.605 shares. Greenstone Partners & Co. LLC bought a new position, worth $14,546,000 in shares of MeridianLink during the third quarter. The fourth quarter saw a 1,059.9% increase in its shares of MeridianLink holdings by the Teacher Retirement System of Texas. After purchasing an additional 827.825 shares in the last quarter, the Teacher Retirement System of Texas now has 905,932 shares of company stock, which is worth $12,438,000. WCM Investment Management LLC bought a new position of shares in MeridianLink during the second quarter, worth $7,985,000. BlackRock Inc. increased its shares of MeridianLink holdings by 51.6% during the first quarter. BlackRock Inc. now holds 1,170 595 shares of company stock, worth $21,187,000, after purchasing an additional 398 3,326 shares in the last quarter. Institutional investors currently own 68.45%.
MeridianLink Company Profile
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MeridianLink, Inc, is a software and service company that provides software solutions to banks, credit unions, mortgage lending providers, specialty lenders, and consumer reporting agencies in the United States. The company offers MeridianLink Consumer which is a platform for consumer lending; MeridianLink Opening which unites deposit account opening and financing for different channels and products; as well as MeridianLink DecisionLender which is a loan origination (LOS) software for finance companies.
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