MeridianLink, Inc. (NYSE:MLNK) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its stake in MeridianLink, Inc. (NYSE:MLNK) by 4.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,522 shares of the company’s stock after selling 2,107 shares during the period. Rhumbline Advisers owned 0.06% of MeridianLink worth $862,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its stake in MeridianLink by 123.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 398,389 shares of the company’s stock valued at $8,227,000 after acquiring an additional 220,240 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of MeridianLink by 12.2% during the fourth 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 during the period. Charles Schwab Investment Management Inc. boosted its position in shares of MeridianLink by 9.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 239,032 shares of the company’s stock worth $4,936,000 after buying an additional 20,928 shares during the period. Geode Capital Management LLC boosted its position in shares of MeridianLink by 11.4% during the fourth quarter. Geode Capital Management LLC now owns 672,526 shares of the company’s stock worth $13,890,000 after buying an additional 69,083 shares during the period. Finally, California State Teachers Retirement System boosted its position in shares of MeridianLink by 28.4% during the fourth quarter. California State Teachers Retirement System now owns 28,312 shares of the company’s stock worth $585,000 after buying an additional 6,268 shares during the period. 82.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MLNK has been the subject of several analyst reports. Citigroup reduced their price objective 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 Financial reduced their price objective 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 reduced their price objective on MeridianLink from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Tuesday, May 13th. William Blair reiterated an “outperform” rating on shares of MeridianLink in a research report on Friday, March 7th. Finally, UBS Group reduced their price objective on MeridianLink from $25.50 to $20.50 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.42.

MeridianLink Stock Performance

MLNK opened at $15.79 on Friday. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -41.56 and a beta of 0.93. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.22 and a quick ratio of 2.22. MeridianLink, Inc. has a 1-year low of $15.49 and a 1-year high of $25.33. The business has a 50 day moving average price of $16.65 and a two-hundred day moving average price of $18.60.

MeridianLink (NYSE:MLNK) last released its earnings results 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 return on equity of 5.14% and a negative net margin of 9.11%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $0.06 earnings per share. Research analysts predict 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.