Shares of MeridianLink, Inc. (NYSE:MLNK – Get Rating) have been given a consensus recommendation of "Moderate Buy" by the six analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $22.20.

A number of equities analysts have recently issued reports on the company. Wolfe Research downgraded MeridianLink from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 20th. Credit Suisse Group dropped their price target on MeridianLink to $17.00 in a research note on Friday, July 22nd.

MeridianLink Stock Up 1.7 %

MeridianLink stock opened at $16.13 on Tuesday. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -62.04 and a beta of 0.72. The stock has a fifty day simple moving average of $17.46 and a two-hundred day simple moving average of $17.50. MeridianLink has a 12 month low of $13.81 and a 12 month high of $26.40. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.74.

Insider Transactions at MeridianLink

In related news, COO Alan R. Arnold sold 22,407 shares of MeridianLink stock in a transaction on Friday, July 1st. The stock was sold at an average price of $17.46, for a total transaction of $391,226.22. Following the transaction, the chief operating officer now directly owns 443,422 shares in the company, valued at $7,742,148.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Alan R. Arnold sold 22,407 shares of MeridianLink stock in a transaction on Friday, July 1st. The stock was sold at an average price of $17.46, for a total transaction of $391,226.22. Following the transaction, the chief operating officer now directly owns 443,422 shares in the company, valued at $7,742,148.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Alan R. Arnold sold 19,506 shares of MeridianLink stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $17.05, for a total value of $332,577.30. Following the transaction, the chief operating officer now owns 503,441 shares in the company, valued at $8,583,669.05. The disclosure for this sale can be found here. Company insiders own 20.90% of the company's stock.

Institutional Investors Weigh In On MeridianLink

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Darlington Partners Capital Management LP raised its holdings in MeridianLink by 2.6% during the second quarter. Darlington Partners Capital Management LP now owns 2,878,522 shares of the company's stock valued at $48,071,000 after acquiring an additional 71,953 shares during the period. Occudo Quantitative Strategies LP bought a new stake in MeridianLink during the second quarter valued at about $202,000. State Street Corp raised its holdings in MeridianLink by 29.2% during the second quarter. State Street Corp now owns 344,129 shares of the company's stock valued at $5,747,000 after acquiring an additional 77,810 shares during the period. WCM Investment Management LLC bought a new stake in MeridianLink during the second quarter valued at about $7,985,000. Finally, Northern Trust Corp raised its holdings in MeridianLink by 1.0% during the second quarter. Northern Trust Corp now owns 290,702 shares of the company's stock valued at $4,854,000 after acquiring an additional 2,983 shares during the period. 66.82% of the stock is owned by institutional investors.

MeridianLink Company Profile

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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 Consumer, a consumer lending and account opening platform; MeridianLink Opening, an online account opening software that unifies deposit account opening and funding for various channels and products; and MeridianLink DecisionLender, a loan origination software (LOS) for finance companies.

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