MeridianLink, Inc. $MLNK Holdings Cut by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its holdings in MeridianLink, Inc. (NYSE:MLNK) by 20.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,290 shares of the company’s stock after selling 3,414 shares during the period. Russell Investments Group Ltd.’s holdings in MeridianLink were worth $246,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MLNK. Victory Capital Management Inc. lifted its holdings in MeridianLink by 27.9% in the first quarter. Victory Capital Management Inc. now owns 1,824,395 shares of the company’s stock worth $33,806,000 after acquiring an additional 397,730 shares during the last quarter. Western Standard LLC bought a new position in MeridianLink in the fourth quarter worth about $7,223,000. Norwood Investment Partners LP raised its holdings in shares of MeridianLink by 101.7% during the first quarter. Norwood Investment Partners LP now owns 262,927 shares of the company’s stock valued at $4,872,000 after buying an additional 132,557 shares during the last quarter. Nuveen LLC bought a new stake in shares of MeridianLink during the first quarter valued at approximately $2,127,000. Finally, Dimensional Fund Advisors LP raised its holdings 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 valued at $20,363,000 after buying an additional 107,349 shares during the last quarter. Institutional investors own 82.65% of the company’s stock.

MeridianLink Price Performance

NYSE MLNK opened at $19.88 on Tuesday. MeridianLink, Inc. has a 12 month low of $15.49 and a 12 month high of $25.33. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a market capitalization of $1.47 billion, a PE ratio of -68.53 and a beta of 0.93. The company’s 50 day simple moving average is $17.53 and its 200 day simple moving average is $17.50.

MeridianLink (NYSE:MLNK) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). MeridianLink had a negative net margin of 6.90% and a negative return on equity of 4.50%. The company had revenue of $84.60 million for the quarter, compared to analyst estimates of $81.58 million. During the same quarter in the prior year, the business earned $0.04 EPS. MeridianLink’s revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts forecast that MeridianLink, Inc. will post -0.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays lifted their price target on MeridianLink from $16.00 to $20.00 and gave the company an “underweight” rating in a report on Tuesday, August 12th. BTIG Research cut MeridianLink from a “strong-buy” rating to a “neutral” rating in a report on Monday, August 11th. Stifel Nicolaus cut their price target on MeridianLink from $20.00 to $18.00 and set a “hold” rating on the stock in a report on Tuesday, May 13th. William Blair cut MeridianLink from an “outperform” rating to a “market perform” rating in a report on Monday, August 11th. Finally, Raymond James Financial lowered shares of MeridianLink from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Six equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $20.07.

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.