MeridianLink, Inc. (NYSE:MLNK) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in MeridianLink, Inc. (NYSE:MLNK) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 106,675 shares of the company’s stock after selling 2,644 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in MeridianLink were worth $2,642,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its stake in MeridianLink by 26.6% in the 4th quarter. SG Americas Securities LLC now owns 7,983 shares of the company’s stock worth $198,000 after buying an additional 1,679 shares during the last quarter. Deutsche Bank AG boosted its stake in MeridianLink by 17.2% in the 3rd quarter. Deutsche Bank AG now owns 13,393 shares of the company’s stock worth $228,000 after buying an additional 1,961 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in MeridianLink by 18.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,967 shares of the company’s stock worth $289,000 after buying an additional 2,664 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in MeridianLink by 26.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 14,394 shares of the company’s stock worth $246,000 after buying an additional 2,968 shares during the last quarter. Finally, Keenan Capital LLC boosted its stake in MeridianLink by 11.5% in the 3rd quarter. Keenan Capital LLC now owns 2,896,577 shares of the company’s stock worth $49,416,000 after buying an additional 298,686 shares during the last quarter. 82.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MLNK has been the topic of several research analyst reports. Stifel Nicolaus reduced their price objective on MeridianLink from $20.00 to $18.00 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. Barclays reduced their price objective on MeridianLink from $23.00 to $20.00 and set an “underweight” rating on the stock in a research note on Thursday, March 7th. William Blair reaffirmed an “outperform” rating on shares of MeridianLink in a research note on Wednesday, March 6th. Wolfe Research upgraded MeridianLink from an “underperform” rating to a “peer perform” rating in a report on Thursday, February 8th. Finally, Citigroup dropped their target price on MeridianLink from $23.50 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, MeridianLink presently has a consensus rating of “Hold” and a consensus target price of $18.67.

MeridianLink Price Performance

MLNK stock opened at $17.51 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.83. MeridianLink, Inc. has a 52-week low of $13.62 and a 52-week high of $25.88. The stock’s 50 day moving average is $18.40 and its two-hundred day moving average is $19.76. The company has a market capitalization of $1.34 billion, a PE ratio of -32.42 and a beta of 0.91.

MeridianLink (NYSE:MLNK) last posted its quarterly earnings data on Tuesday, March 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.23). MeridianLink had a negative return on equity of 6.77% and a negative net margin of 14.01%. The business had revenue of $74.60 million for the quarter, compared to analysts’ expectations of $74.61 million. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. MeridianLink’s revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts predict that MeridianLink, Inc. will post -0.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MeridianLink news, Director Timothy Nguyen sold 1,657,246 shares of MeridianLink stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $18.29, for a total transaction of $30,311,029.34. Following the sale, the director now directly owns 1,014,526 shares in the company, valued at approximately $18,555,680.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 20.10% of the stock is owned by company insiders.

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.