KLP Kapitalforvaltning AS Buys New Holdings in MeridianLink, Inc. (NYSE:MLNK)

KLP Kapitalforvaltning AS bought a new stake in MeridianLink, Inc. (NYSE:MLNK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,000 shares of the company’s stock, valued at approximately $124,000.

A number of other large investors have also modified their holdings of MLNK. Geode Capital Management LLC lifted its holdings in MeridianLink by 12.2% in the 3rd quarter. Geode Capital Management LLC now owns 603,443 shares of the company’s stock worth $12,415,000 after buying an additional 65,834 shares in the last quarter. Barclays PLC boosted its position in MeridianLink by 342.1% during the 3rd quarter. Barclays PLC now owns 42,399 shares of the company’s stock valued at $872,000 after purchasing an additional 32,808 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of MeridianLink by 24.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 218,104 shares of the company’s stock valued at $4,486,000 after purchasing an additional 42,302 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in shares of MeridianLink during the fourth quarter valued at $384,000. Finally, Proficio Capital Partners LLC bought a new stake in MeridianLink during the fourth quarter worth approximately $234,000. Institutional investors and hedge funds own 82.65% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. William Blair reaffirmed an “outperform” rating on shares of MeridianLink in a research note on Friday, March 7th. Barclays decreased their price target on MeridianLink from $20.00 to $19.00 and set an “underweight” rating for the company in a research note on Friday, March 7th. Citigroup lowered their target price on MeridianLink from $24.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Raymond James lowered their price objective on MeridianLink from $28.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Finally, Bank of America lowered MeridianLink from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $28.00 to $18.00 in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.58.

MeridianLink Price Performance

Shares of MLNK opened at $17.00 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market cap of $1.30 billion, a PE ratio of -25.37 and a beta of 0.96. The business’s 50 day moving average price is $18.71 and its two-hundred day moving average price is $20.53. MeridianLink, Inc. has a 52-week low of $15.57 and a 52-week high of $25.33.

MeridianLink Company 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.