American International Group Inc. Raises Stock Holdings in MeridianLink, Inc. (NYSE:MLNK)

American International Group Inc. grew its position in shares of MeridianLink, Inc. (NYSE:MLNK) by 14.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,644 shares of the company’s stock after buying an additional 1,549 shares during the period. American International Group Inc.’s holdings in MeridianLink were worth $263,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. UBS Group AG lifted its holdings in MeridianLink by 610.4% during the 3rd quarter. UBS Group AG now owns 1,705 shares of the company’s stock worth $28,000 after buying an additional 1,465 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in MeridianLink by 81.3% during the 1st quarter. Ameritas Investment Partners Inc. now owns 1,759 shares of the company’s stock worth $32,000 after buying an additional 789 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in MeridianLink by 261.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock worth $37,000 after buying an additional 1,665 shares during the last quarter. Ensign Peak Advisors Inc bought a new position in MeridianLink during the 3rd quarter worth approximately $44,000. Finally, Barclays PLC lifted its holdings in shares of MeridianLink by 533.1% in the 4th quarter. Barclays PLC now owns 6,173 shares of the company’s stock worth $85,000 after purchasing an additional 5,198 shares during the last quarter. Institutional investors own 71.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Raymond James cut their price target on MeridianLink from $26.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, November 2nd. UBS Group began coverage on MeridianLink in a report on Friday, October 20th. They issued a “sell” rating and a $17.00 price target on the stock. BTIG Research cut MeridianLink from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 2nd. Finally, Stifel Nicolaus raised their target price on MeridianLink from $16.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, MeridianLink has an average rating of “Hold” and an average target price of $18.13.

MeridianLink Stock Up 0.3 %

Shares of MLNK stock opened at $18.64 on Tuesday. MeridianLink, Inc. has a 1 year low of $12.98 and a 1 year high of $22.69. The stock has a market cap of $1.47 billion, a PE ratio of -81.04 and a beta of 0.83. The business’s fifty day moving average is $17.25 and its 200-day moving average is $18.58. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.08 and a current ratio of 2.08.

MeridianLink (NYSE:MLNK) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.06. MeridianLink had a negative return on equity of 2.05% and a negative net margin of 6.15%. The company had revenue of $76.50 million for the quarter, compared to analysts’ expectations of $76.73 million. During the same period last year, the firm earned ($0.03) EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities analysts expect that MeridianLink, Inc. will post -0.23 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Sean W. Blitchok sold 16,789 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $18.51, for a total transaction of $310,764.39. Following the completion of the sale, the chief financial officer now directly owns 429,682 shares of the company’s stock, valued at approximately $7,953,413.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 20.10% of the stock is owned by insiders.

MeridianLink Profile

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.