MeridianLink, Inc. (NYSE:MLNK) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its position in MeridianLink, Inc. (NYSE:MLNK) by 1,606.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,521 shares of the company’s stock after buying an additional 4,256 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in MeridianLink were worth $84,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. raised its position in shares of MeridianLink by 5.0% in the fourth quarter. Russell Investments Group Ltd. now owns 16,704 shares of the company’s stock valued at $345,000 after buying an additional 802 shares during the last quarter. Summit Investment Advisors Inc. raised its position in shares of MeridianLink by 32.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company’s stock valued at $71,000 after buying an additional 830 shares during the last quarter. Legal & General Group Plc raised its position in shares of MeridianLink by 3.3% in the fourth quarter. Legal & General Group Plc now owns 30,905 shares of the company’s stock valued at $638,000 after buying an additional 987 shares during the last quarter. Corebridge Financial Inc. raised its position in shares of MeridianLink by 12.8% in the fourth quarter. Corebridge Financial Inc. now owns 16,260 shares of the company’s stock valued at $336,000 after buying an additional 1,839 shares during the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of MeridianLink by 15.7% in the fourth quarter. MetLife Investment Management LLC now owns 19,131 shares of the company’s stock valued at $395,000 after buying an additional 2,591 shares during the last quarter. Institutional investors and hedge funds own 82.65% of the company’s stock.

Analyst Ratings Changes

MLNK has been the subject of a number of analyst reports. Stifel Nicolaus cut their price objective on shares of MeridianLink from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Tuesday, May 13th. Barclays cut their price objective on shares of MeridianLink from $19.00 to $16.00 and set an “underweight” rating for the company in a research report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.42.

MeridianLink Price Performance

MeridianLink stock opened at $17.12 on Monday. MeridianLink, Inc. has a 1 year low of $15.49 and a 1 year high of $25.33. The firm has a 50 day moving average price of $16.68 and a 200 day moving average price of $18.13. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -45.05 and a beta of 0.91. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.22 and a current ratio of 2.22.

MeridianLink (NYSE:MLNK) last released its earnings results 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 9.11% and a negative return on equity of 5.14%. The company had revenue of $81.49 million during the quarter, compared to analysts’ expectations of $80.47 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. MeridianLink’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts predict that MeridianLink, Inc. will post -0.35 earnings per share for the current 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.