Vanguard Group Inc. Acquires 310,228 Shares of MeridianLink, Inc. (NYSE:MLNK)

Vanguard Group Inc. increased its stake in shares of MeridianLink, Inc. (NYSE:MLNK) by 10.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,266,023 shares of the company’s stock after acquiring an additional 310,228 shares during the quarter. Vanguard Group Inc.’s holdings in MeridianLink were worth $67,443,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of MeridianLink during the 4th quarter worth about $65,000. KLP Kapitalforvaltning AS acquired a new stake in MeridianLink during the fourth quarter worth about $124,000. Proficio Capital Partners LLC bought a new position in MeridianLink during the fourth quarter valued at about $234,000. Counterpoint Mutual Funds LLC bought a new stake in shares of MeridianLink in the 4th quarter worth approximately $384,000. Finally, AlphaQuest LLC bought a new stake in shares of MeridianLink in the 4th quarter worth approximately $421,000. 82.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. William Blair restated an “outperform” rating on shares of MeridianLink in a research note on Friday, March 7th. Raymond James dropped their price objective on shares of MeridianLink from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Citigroup decreased their target price on shares of MeridianLink from $24.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. UBS Group dropped their price target on shares of MeridianLink from $25.50 to $20.50 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Finally, Barclays decreased their price objective on MeridianLink from $20.00 to $19.00 and set an “underweight” rating on the stock in a report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.58.

MeridianLink Price Performance

NYSE:MLNK opened at $16.60 on Friday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11. The firm has a market cap of $1.27 billion, a PE ratio of -24.77 and a beta of 0.96. MeridianLink, Inc. has a 12 month low of $15.57 and a 12 month high of $25.33. The company’s 50-day moving average price is $18.66 and its two-hundred day moving average price is $20.48.

About MeridianLink

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.