GAMMA Investing LLC Purchases 19,623 Shares of MeridianLink, Inc. (NYSE:MLNK)

GAMMA Investing LLC lifted its holdings in MeridianLink, Inc. (NYSE:MLNK) by 3,916.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,124 shares of the company’s stock after buying an additional 19,623 shares during the quarter. GAMMA Investing LLC’s holdings in MeridianLink were worth $373,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP purchased a new position in MeridianLink in the fourth quarter worth $65,000. Summit Investment Advisors Inc. grew its holdings in MeridianLink by 32.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company’s stock worth $71,000 after acquiring an additional 830 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of MeridianLink during the 4th quarter worth approximately $124,000. Millennium Management LLC purchased a new position in MeridianLink in the fourth quarter valued at $201,000. Finally, Woodline Partners LP acquired a new stake in shares of MeridianLink during the 4th quarter valued at about $219,000. Hedge funds and other institutional investors own 82.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of MeridianLink from $20.00 to $18.00 and set a “hold” rating on the stock in a research report on Tuesday, May 13th. Raymond James Financial cut 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. UBS Group reduced their price target on shares of MeridianLink from $25.50 to $20.50 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. William Blair restated an “outperform” rating on shares of MeridianLink in a report on Friday, March 7th. Finally, 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. 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 company. According to MarketBeat.com, MeridianLink currently has a consensus rating of “Hold” and a consensus price target of $19.42.

MeridianLink Trading Down 1.4%

NYSE MLNK opened at $15.79 on Friday. The stock has a market capitalization of $1.22 billion, a PE ratio of -41.56 and a beta of 0.93. The firm has a 50 day moving average of $16.65 and a two-hundred day moving average of $18.60. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 1.07. MeridianLink, Inc. has a 52 week low of $15.49 and a 52 week high of $25.33.

MeridianLink (NYSE:MLNK) last released its quarterly earnings data on Monday, May 12th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The business had revenue of $81.49 million during the quarter, compared to analysts’ expectations of $80.47 million. MeridianLink had a negative net margin of 9.11% and a negative return on equity of 5.14%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. As a group, research analysts expect that MeridianLink, Inc. will post -0.35 EPS for the current fiscal year.

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.