Geode Capital Management LLC Boosts Holdings in MeridianLink, Inc. (NYSE:MLNK)

Geode Capital Management LLC boosted its holdings in shares of MeridianLink, Inc. (NYSE:MLNK) by 11.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 672,526 shares of the company’s stock after buying an additional 69,083 shares during the quarter. Geode Capital Management LLC owned 0.89% of MeridianLink worth $13,890,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MLNK. Quantbot Technologies LP purchased a new stake in MeridianLink in the fourth quarter valued at $65,000. KLP Kapitalforvaltning AS acquired a new stake in shares of MeridianLink during the fourth quarter worth about $124,000. Proficio Capital Partners LLC acquired a new stake in shares of MeridianLink in the 4th quarter valued at about $234,000. Corebridge Financial Inc. grew its stake in MeridianLink by 12.8% during the 4th quarter. Corebridge Financial Inc. now owns 16,260 shares of the company’s stock worth $336,000 after buying an additional 1,839 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new position in MeridianLink during the fourth quarter worth approximately $384,000. Hedge funds and other institutional investors own 82.65% of the company’s stock.

MeridianLink Price Performance

MLNK opened at $16.45 on Monday. MeridianLink, Inc. has a twelve month low of $15.57 and a twelve month high of $25.33. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -24.55 and a beta of 0.96. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11. The company has a fifty day simple moving average of $18.33 and a 200 day simple moving average of $20.28.

Analyst Ratings Changes

MLNK has been the subject of several research reports. William Blair reiterated an “outperform” rating on shares of MeridianLink in a research report on Friday, March 7th. Citigroup decreased their target price on shares of MeridianLink from $24.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Bank of America cut MeridianLink from a “buy” rating to an “underperform” rating and dropped their price target for the company from $28.00 to $18.00 in a research report on Thursday, January 30th. UBS Group lowered their target price on MeridianLink from $25.50 to $20.50 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Finally, Raymond James cut their price target on MeridianLink from $28.00 to $24.00 and set an “outperform” rating for the company 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 given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.08.

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.