Mirae Asset Global Investments Co. Ltd. Decreases Stock Holdings in MeridianLink, Inc. (NYSE:MLNK)

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of MeridianLink, Inc. (NYSE:MLNK) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 106,675 shares of the company’s stock after selling 2,644 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.14% of MeridianLink worth $2,642,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Ameritas Investment Partners Inc. boosted its stake in MeridianLink by 81.3% in the 1st quarter. Ameritas Investment Partners Inc. now owns 1,759 shares of the company’s stock worth $32,000 after purchasing an additional 789 shares in the last quarter. Barclays PLC boosted its stake in MeridianLink by 9.2% in the 3rd quarter. Barclays PLC now owns 9,679 shares of the company’s stock worth $165,000 after purchasing an additional 815 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in MeridianLink by 11.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,426 shares of the company’s stock worth $238,000 after purchasing an additional 1,180 shares in the last quarter. Rhumbline Advisers boosted its stake in MeridianLink by 5.1% in the 1st quarter. Rhumbline Advisers now owns 30,086 shares of the company’s stock worth $520,000 after purchasing an additional 1,448 shares in the last quarter. Finally, UBS Group AG boosted its stake in MeridianLink by 610.4% in the 3rd quarter. UBS Group AG now owns 1,705 shares of the company’s stock worth $28,000 after purchasing an additional 1,465 shares in the last quarter. 82.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at MeridianLink

In related news, Director Timothy Nguyen sold 1,657,246 shares of MeridianLink stock in a transaction on Friday, February 9th. The shares were sold at an average price of $18.29, for a total value of $30,311,029.34. Following the sale, the director now owns 1,014,526 shares of the company’s stock, valued at approximately $18,555,680.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 20.10% of the stock is owned by corporate insiders.

MeridianLink Price Performance

NYSE:MLNK opened at $17.51 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.23 and a quick ratio of 2.23. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -32.42 and a beta of 0.91. The company has a 50 day moving average price of $18.40 and a 200-day moving average price of $19.76. MeridianLink, Inc. has a 1-year low of $13.62 and a 1-year high of $25.88.

MeridianLink (NYSE:MLNK) last released its quarterly earnings results on Tuesday, March 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.23). MeridianLink had a negative net margin of 14.01% and a negative return on equity of 6.77%. The company had revenue of $74.60 million during the quarter, compared to analyst estimates of $74.61 million. During the same period in the prior year, the business posted ($0.05) EPS. MeridianLink’s revenue was up 5.8% compared to the same quarter last year. Equities research analysts forecast that MeridianLink, Inc. will post -0.02 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on MLNK shares. Citigroup lowered their target price on shares of MeridianLink from $23.50 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. William Blair reissued an “outperform” rating on shares of MeridianLink in a research report on Wednesday, March 6th. Stifel Nicolaus reduced their price target on shares of MeridianLink from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Wednesday, March 6th. Wolfe Research raised shares of MeridianLink from an “underperform” rating to a “peer perform” rating in a research report on Thursday, February 8th. Finally, Barclays reduced their price target on shares of MeridianLink from $23.00 to $20.00 and set an “underweight” rating for the company in a research report on Thursday, March 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.67.

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.