UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in MeridianLink, Inc. (NYSE:MLNK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in MeridianLink, Inc. (NYSE:MLNK) by 46.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,440 shares of the company’s stock after acquiring an additional 22,858 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.10% of MeridianLink worth $1,496,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MLNK. Quantbot Technologies LP purchased a new position in shares of MeridianLink in the 4th quarter worth about $65,000. Summit Investment Advisors Inc. lifted its position in MeridianLink by 32.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company’s stock worth $71,000 after buying an additional 830 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in MeridianLink in the fourth quarter worth approximately $124,000. Millennium Management LLC purchased a new stake in MeridianLink in the fourth quarter worth approximately $201,000. Finally, Woodline Partners LP bought a new position in MeridianLink during the fourth quarter valued at approximately $219,000. Hedge funds and other institutional investors own 82.65% of the company’s stock.

MeridianLink Stock Performance

Shares of NYSE:MLNK opened at $17.05 on Monday. 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 market cap of $1.32 billion, a price-to-earnings ratio of -25.44 and a beta of 0.93. MeridianLink, Inc. has a 12 month low of $15.57 and a 12 month high of $25.33. The company has a 50-day moving average price of $16.71 and a 200-day moving average price of $18.99.

MeridianLink (NYSE:MLNK) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.09 earnings per share (EPS) 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 company had revenue of $81.49 million for the quarter, compared to analysts’ expectations of $80.47 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that MeridianLink, Inc. will post -0.35 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MLNK. Stifel Nicolaus lowered their price objective on shares of MeridianLink from $20.00 to $18.00 and set a “hold” rating for the company in a report on Tuesday, May 13th. William Blair reissued an “outperform” rating on shares of MeridianLink in a research note on Friday, March 7th. UBS Group reduced their price objective on MeridianLink from $25.50 to $20.50 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Raymond James reduced their price objective on MeridianLink from $28.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Finally, Barclays decreased their price objective on MeridianLink from $19.00 to $16.00 and set an “underweight” rating on the stock in a report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, MeridianLink currently has a consensus rating of “Hold” and an average price target of $19.42.

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.