Millennium Management LLC Makes New Investment in MeridianLink, Inc. (NYSE:MLNK)

Millennium Management LLC bought a new position in MeridianLink, Inc. (NYSE:MLNK) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,717 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its holdings in MeridianLink by 123.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 398,389 shares of the company’s stock valued at $8,227,000 after purchasing an additional 220,240 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of MeridianLink by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 986,105 shares of the company’s stock worth $20,363,000 after buying an additional 107,349 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of MeridianLink by 9.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 239,032 shares of the company’s stock valued at $4,936,000 after buying an additional 20,928 shares during the period. Geode Capital Management LLC boosted its stake in shares of MeridianLink by 11.4% in the fourth quarter. Geode Capital Management LLC now owns 672,526 shares of the company’s stock valued at $13,890,000 after buying an additional 69,083 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new position in MeridianLink during the fourth quarter worth $384,000. Hedge funds and other institutional investors own 82.65% of the company’s stock.

Wall Street Analyst Weigh In

MLNK has been the subject of a number of recent analyst reports. Stifel Nicolaus reduced their target price on MeridianLink from $20.00 to $18.00 and set a “hold” rating for the company in a report on Tuesday, May 13th. UBS Group cut their price target on shares of MeridianLink from $25.50 to $20.50 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Raymond James decreased their price objective on shares of MeridianLink from $28.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. William Blair reaffirmed an “outperform” rating on shares of MeridianLink in a report on Friday, March 7th. Finally, Barclays decreased their price target on MeridianLink from $19.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday, April 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $19.42.

MeridianLink Stock Down 4.5%

MLNK opened at $16.96 on Friday. The business’s fifty day simple moving average is $16.72 and its 200 day simple moving average is $18.89. MeridianLink, Inc. has a 52 week low of $15.57 and a 52 week high of $25.33. The firm has a market cap of $1.31 billion, a P/E ratio of -25.31 and a beta of 0.93. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11.

MeridianLink (NYSE:MLNK) last posted 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). 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 business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS. As a group, equities research analysts anticipate that MeridianLink, Inc. will post -0.35 EPS for the current fiscal year.

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.