Project Angel Parent LLC (NYSE:MLNK) Receives Consensus Rating of “Buy” from Analysts

Shares of Project Angel Parent LLC (NYSE:MLNK) have received an average rating of “Buy” from the ten brokerages that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $30.94.

A number of analysts recently weighed in on the company. Bank of America assumed coverage on Project Angel Parent in a report on Monday, August 23rd. They issued a “buy” rating and a $35.00 price objective for the company. Citigroup assumed coverage on Project Angel Parent in a report on Monday, August 23rd. They issued a “neutral” rating and a $28.00 price objective for the company. Stifel Nicolaus initiated coverage on Project Angel Parent in a report on Monday, August 23rd. They issued a “hold” rating and a $25.00 price objective for the company. Tigress Financial initiated coverage on Project Angel Parent in a report on Friday, September 3rd. They set a “buy” rating and a $34.00 price target for the company. Finally, Wolfe Research initiated coverage on Project Angel Parent in a report on Monday, August 23rd. They set an “outperform” rating and a $30.00 price target for the company.

In other news, insider Timothy Nguyen sold 1,180,000 shares of the stock in a transaction dated Monday, August 30th. The shares were sold at an average price of $24.63, for a total transaction of $29,063,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.30% of the stock is owned by corporate insiders.

NYSE MLNK traded up $0.36 on Friday, reaching $23.24. The company had a trading volume of 64,575 shares, compared to its average volume of 358,036. Project Angel Parent has a fifty-two week low of $21.15 and a fifty-two week high of $29.00. The business has a 50 day moving average price of $24.98.

Project Angel Parent Company Profile

MeridianLink Inc is a cloud-based technology company which enables banks, credit unions, mortgage lenders, specialty lending providers and consumer reporting agencies to streamline loan decision making, loan origination, and customer collection workflows. MeridianLink Inc is based in Costa Mesa, Calif.

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Analyst Recommendations for Project Angel Parent (NYSE:MLNK)

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