MeridianLink, Inc. (NYSE:MLNK) Short Interest Up 35.2% in December

MeridianLink, Inc. (NYSE:MLNK) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 1,420,000 shares, an increase of 35.2% from the December 15th total of 1,050,000 shares. Based on an average trading volume of 318,500 shares, the days-to-cover ratio is presently 4.5 days. Approximately 5.0% of the company’s stock are sold short.

MeridianLink Stock Down 0.1 %

NYSE:MLNK traded down $0.03 during mid-day trading on Thursday, hitting $19.36. 141,110 shares of the company’s stock traded hands, compared to its average volume of 245,211. The company has a fifty day moving average of $21.88 and a 200 day moving average of $22.09. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86. MeridianLink has a twelve month low of $16.49 and a twelve month high of $25.33. The company has a market capitalization of $1.46 billion, a P/E ratio of -28.89 and a beta of 1.02.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. UBS Group raised MeridianLink from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $18.00 to $22.50 in a research report on Monday, November 11th. Raymond James boosted their target price on shares of MeridianLink from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, MeridianLink currently has a consensus rating of “Hold” and an average target price of $22.90.

Insider Buying and Selling

In related news, major shareholder Timothy Nguyen sold 10,776 shares of MeridianLink stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $23.02, for a total transaction of $248,063.52. Following the transaction, the insider now directly owns 10,751,935 shares of the company’s stock, valued at $247,509,543.70. This trade represents a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $21.05, for a total value of $13,682,500.00. Following the sale, the insider now owns 28,932,388 shares of the company’s stock, valued at approximately $609,026,767.40. This represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 936,488 shares of company stock valued at $20,208,238 over the last three months. 21.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On MeridianLink

A number of large investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its stake in MeridianLink by 12.2% in the 3rd quarter. Geode Capital Management LLC now owns 603,443 shares of the company’s stock worth $12,415,000 after purchasing an additional 65,834 shares in the last quarter. Barclays PLC raised its holdings in shares of MeridianLink by 342.1% in the third quarter. Barclays PLC now owns 42,399 shares of the company’s stock worth $872,000 after buying an additional 32,808 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of MeridianLink by 24.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 218,104 shares of the company’s stock worth $4,486,000 after buying an additional 42,302 shares during the period. SG Americas Securities LLC purchased a new stake in shares of MeridianLink during the third quarter valued at $231,000. Finally, Maven Securities LTD purchased a new stake in shares of MeridianLink during the third quarter valued at $5,377,000. Hedge funds and other institutional investors 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.