Two Sigma Investments LP Invests $235,000 in MeridianLink, Inc. (NYSE:MLNK)

Two Sigma Investments LP purchased a new position in shares of MeridianLink, Inc. (NYSE:MLNK) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,400 shares of the company’s stock, valued at approximately $235,000.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of MeridianLink by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 3,266,023 shares of the company’s stock worth $67,443,000 after acquiring an additional 310,228 shares in the last quarter. Victory Capital Management Inc. bought a new stake in MeridianLink during the 4th quarter valued at approximately $29,461,000. Dimensional Fund Advisors LP boosted its stake in MeridianLink by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 986,105 shares of the company’s stock valued at $20,363,000 after purchasing an additional 107,349 shares during the period. Geode Capital Management LLC boosted its stake in MeridianLink by 11.4% during the 4th quarter. Geode Capital Management LLC now owns 672,526 shares of the company’s stock valued at $13,890,000 after purchasing an additional 69,083 shares during the period. Finally, Northern Trust Corp boosted its stake in MeridianLink by 9.8% during the 4th quarter. Northern Trust Corp now owns 480,827 shares of the company’s stock valued at $9,929,000 after purchasing an additional 42,877 shares during the period. Institutional investors own 82.65% of the company’s stock.

MeridianLink Trading Up 0.7%

MeridianLink stock opened at $17.72 on Thursday. The business has a 50 day moving average price of $16.71 and a two-hundred day moving average price of $18.94. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -26.45 and a beta of 0.93. MeridianLink, Inc. has a 12 month low of $15.57 and a 12 month high of $25.33.

MeridianLink (NYSE:MLNK) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm had revenue of $81.49 million during the quarter, compared to analyst estimates of $80.47 million. MeridianLink had a negative net margin of 16.57% and a negative return on equity of 9.57%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the company earned $0.06 EPS. As a group, equities analysts forecast that MeridianLink, Inc. will post -0.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MLNK shares. Barclays decreased their target price on MeridianLink from $19.00 to $16.00 and set an “underweight” rating for the company in a research note on Monday, April 14th. William Blair restated an “outperform” rating on shares of MeridianLink in a research note on Friday, March 7th. Stifel Nicolaus decreased their target price on MeridianLink from $20.00 to $18.00 and set a “hold” rating for the company in a research note on Tuesday, May 13th. Raymond James decreased their target price on MeridianLink from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. 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 research note on Tuesday, March 4th. Two research 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 MarketBeat, MeridianLink has a consensus 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.