JPMorgan Chase & Co. Acquires 195,333 Shares of MeridianLink, Inc. (NYSE:MLNK)

JPMorgan Chase & Co. grew its stake in shares of MeridianLink, Inc. (NYSE:MLNK) by 920.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 216,566 shares of the company’s stock after buying an additional 195,333 shares during the period. JPMorgan Chase & Co. owned 0.29% of MeridianLink worth $4,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of MLNK. Vanguard Group Inc. lifted its stake in MeridianLink by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 3,266,023 shares of the company’s stock worth $67,443,000 after purchasing an additional 310,228 shares in the last quarter. Victory Capital Management Inc. bought a new position in MeridianLink during the fourth quarter valued at approximately $29,461,000. State Street Corp grew its holdings in MeridianLink by 20.7% during the 3rd quarter. State Street Corp now owns 667,201 shares of the company’s stock valued at $13,724,000 after buying an additional 114,578 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of MeridianLink by 12.2% during the 3rd quarter. Geode Capital Management LLC now owns 603,443 shares of the company’s stock worth $12,415,000 after acquiring an additional 65,834 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of MeridianLink by 9.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 239,032 shares of the company’s stock valued at $4,936,000 after acquiring an additional 20,928 shares during the last quarter. Hedge funds and other institutional investors own 82.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MLNK. Barclays reduced their price target on shares of MeridianLink from $19.00 to $16.00 and set an “underweight” rating on the stock in a research report on Monday, April 14th. Citigroup lowered their price target on shares of MeridianLink from $24.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Raymond James decreased their price objective on MeridianLink from $28.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Bank of America downgraded MeridianLink from a “buy” rating to an “underperform” rating and cut their target price for the company from $28.00 to $18.00 in a research report on Thursday, January 30th. Finally, William Blair reaffirmed an “outperform” rating on shares of MeridianLink in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, MeridianLink currently has an average rating of “Hold” and a consensus price target of $20.08.

MeridianLink Price Performance

Shares of MLNK stock opened at $16.45 on Friday. The stock has a 50 day moving average price of $18.33 and a 200 day moving average price of $20.28. The firm has a market capitalization of $1.26 billion, a P/E ratio of -24.55 and a beta of 0.96. 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, Inc. has a 52-week low of $15.57 and a 52-week high of $25.33.

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.