MeridianLink (NYSE:MLNK) Upgraded to “Peer Perform” by Wolfe Research

Wolfe Research upgraded shares of MeridianLink (NYSE:MLNKFree Report) from an underperform rating to a peer perform rating in a research note released on Thursday, MarketBeat.com reports.

Other equities research analysts have also issued reports about the stock. UBS Group initiated coverage on shares of MeridianLink in a report on Friday, October 20th. They set a sell rating and a $17.00 target price on the stock. Raymond James reduced their price objective on shares of MeridianLink from $26.00 to $21.00 and set an outperform rating on the stock in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $18.43.

Read Our Latest Report on MLNK

MeridianLink Trading Down 15.1 %

MLNK opened at $18.76 on Thursday. MeridianLink has a fifty-two week low of $13.62 and a fifty-two week high of $25.88. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -81.57 and a beta of 1.04. The company’s 50 day moving average price is $22.98 and its two-hundred day moving average price is $19.66.

Insider Activity

In related news, CFO Sean W. Blitchok sold 11,789 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $21.02, for a total transaction of $247,804.78. Following the completion of the transaction, the chief financial officer now owns 417,893 shares in the company, valued at $8,784,110.86. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Sean W. Blitchok sold 11,789 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $21.02, for a total value of $247,804.78. Following the sale, the chief financial officer now directly owns 417,893 shares of the company’s stock, valued at $8,784,110.86. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sean W. Blitchok sold 4,388 shares of the stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $22.74, for a total transaction of $99,783.12. Following the completion of the sale, the chief financial officer now directly owns 408,094 shares in the company, valued at $9,280,057.56. The disclosure for this sale can be found here. 20.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. UBS Group AG raised its stake in shares of MeridianLink by 610.4% during the third quarter. UBS Group AG now owns 1,705 shares of the company’s stock worth $28,000 after acquiring an additional 1,465 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of MeridianLink by 81.3% during the first quarter. Ameritas Investment Partners Inc. now owns 1,759 shares of the company’s stock worth $32,000 after acquiring an additional 789 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of MeridianLink by 261.8% during the third quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock worth $37,000 after acquiring an additional 1,665 shares in the last quarter. Ensign Peak Advisors Inc bought a new position in shares of MeridianLink in the third quarter worth approximately $44,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of MeridianLink by 196.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,416 shares of the company’s stock worth $75,000 after purchasing an additional 2,926 shares during the last quarter. 71.38% of the stock is owned by hedge funds and other institutional investors.

About MeridianLink

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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.

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Analyst Recommendations for MeridianLink (NYSE:MLNK)

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