MeridianLink (NYSE:MLNK) Price Target Lowered to $19.00 at Barclays

MeridianLink (NYSE:MLNK) had its price objective decreased by Barclays from $20.00 to $19.00 in a research note published on Friday morning,Benzinga reports. Barclays currently has an underweight rating on the stock.

A number of other brokerages have also recently weighed in on MLNK. Bank of America cut shares of 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. Raymond James lifted their target price on shares of MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, UBS Group lowered their target price on shares of MeridianLink from $25.50 to $20.50 and set a “neutral” rating for the company in a research note on Tuesday. Two equities research 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $20.58.

MeridianLink Trading Up 17.1 %

Shares of MLNK opened at $21.58 on Friday. 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 firm has a 50 day simple moving average of $19.39 and a 200-day simple moving average of $21.32. MeridianLink has a 1-year low of $16.49 and a 1-year high of $25.33. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of -32.20 and a beta of 1.01.

Insider Buying and Selling at MeridianLink

In other MeridianLink news, major shareholder Timothy Nguyen sold 5,666 shares of MeridianLink stock in a transaction on Monday, December 9th. The shares were 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 in the company, valued at $244,346,089.26. This trade represents a 0.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Nicolaas Vlok sold 71,598 shares of MeridianLink stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $21.17, for a total transaction of $1,515,729.66. Following the completion of the transaction, the chief executive officer now owns 1,043,382 shares in the company, valued at approximately $22,088,396.94. This trade represents a 6.42 % 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 worth $2,312,942 in the last quarter. 21.30% of the stock is owned by insiders.

Hedge Funds Weigh In On MeridianLink

A number of hedge funds have recently made changes to their positions in MLNK. Quantbot Technologies LP acquired a new position in shares of MeridianLink in the 4th quarter valued at $65,000. Summit Investment Advisors Inc. lifted its holdings in shares of MeridianLink by 32.0% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company’s stock valued at $71,000 after acquiring an additional 830 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of MeridianLink during the 4th quarter valued at $124,000. Millennium Management LLC acquired a new position in shares of MeridianLink during the 4th quarter valued at $201,000. Finally, Woodline Partners LP acquired a new position in shares of MeridianLink during the 4th quarter valued at $219,000. 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.