64,647 Shares in MeridianLink, Inc. (NYSE:MLNK) Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets acquired a new position in MeridianLink, Inc. (NYSE:MLNK) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 64,647 shares of the company’s stock, valued at approximately $1,335,000. BNP Paribas Financial Markets owned 0.09% of MeridianLink as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in MLNK. SG Americas Securities LLC grew its position in MeridianLink by 94.9% in the fourth quarter. SG Americas Securities LLC now owns 21,878 shares of the company’s stock worth $452,000 after acquiring an additional 10,654 shares during the period. Rhumbline Advisers grew its position in MeridianLink by 10.0% in the fourth quarter. Rhumbline Advisers now owns 48,629 shares of the company’s stock worth $1,004,000 after acquiring an additional 4,404 shares during the period. Proficio Capital Partners LLC purchased a new position in MeridianLink in the fourth quarter worth approximately $234,000. Charles Schwab Investment Management Inc. grew its position in MeridianLink by 9.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 239,032 shares of the company’s stock worth $4,936,000 after acquiring an additional 20,928 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in MeridianLink in the fourth quarter worth approximately $29,461,000. 82.65% of the stock is currently owned by hedge funds and other institutional investors.

MeridianLink Price Performance

Shares of MLNK opened at $16.78 on Tuesday. MeridianLink, Inc. has a twelve month low of $15.57 and a twelve month high of $25.33. The stock’s 50 day moving average is $17.46 and its two-hundred day moving average is $19.65. The firm has a market capitalization of $1.30 billion, a PE ratio of -25.04 and a beta of 0.97. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11.

MeridianLink (NYSE:MLNK) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). MeridianLink had a negative net margin of 16.57% and a negative return on equity of 9.57%. The business had revenue of $81.49 million during the quarter, compared to analysts’ expectations of $80.47 million. During the same period in the prior year, the firm posted $0.06 EPS. MeridianLink’s revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts anticipate that MeridianLink, Inc. will post -0.35 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on MLNK. Barclays lowered their price target on MeridianLink from $19.00 to $16.00 and set an “underweight” rating for the company in a research report on Monday, April 14th. Citigroup lowered their price target on MeridianLink from $24.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Raymond James lowered their price target on MeridianLink from $28.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Stifel Nicolaus lowered their price target on MeridianLink from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Tuesday, May 13th. Finally, UBS Group decreased their target price on MeridianLink from $25.50 to $20.50 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $19.42.

MeridianLink Company 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.