MeridianLink, Inc. (NYSE:MLNK) Stake Boosted by Renaissance Technologies LLC

Renaissance Technologies LLC raised its holdings in shares of MeridianLink, Inc. (NYSE:MLNK) by 48.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 235,500 shares of the company’s stock after purchasing an additional 76,500 shares during the period. Renaissance Technologies LLC’s holdings in MeridianLink were worth $4,863,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Quantbot Technologies LP acquired a new position in shares of MeridianLink in the 4th quarter valued at about $65,000. KLP Kapitalforvaltning AS bought a new position in MeridianLink in the fourth quarter worth about $124,000. Proficio Capital Partners LLC acquired a new position in MeridianLink in the fourth quarter valued at approximately $234,000. Dynamic Technology Lab Private Ltd bought a new position in shares of MeridianLink during the fourth quarter valued at approximately $259,000. Finally, Corebridge Financial Inc. raised its position in shares of MeridianLink by 12.8% during the 4th quarter. Corebridge Financial Inc. now owns 16,260 shares of the company’s stock worth $336,000 after purchasing an additional 1,839 shares during the period. 82.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MLNK shares. Citigroup reduced their price objective on MeridianLink from $24.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Bank of America lowered shares of MeridianLink from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $28.00 to $18.00 in a research report on Thursday, January 30th. William Blair reiterated an “outperform” rating on shares of MeridianLink in a research report on Friday, March 7th. Barclays decreased their target price 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. Finally, Raymond James cut their price target on MeridianLink from $28.00 to $24.00 and set an “outperform” 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 issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, MeridianLink currently has an average rating of “Hold” and an average price target of $20.08.

MeridianLink Stock Down 0.6 %

MeridianLink stock opened at $16.45 on Monday. MeridianLink, Inc. has a 52 week low of $15.57 and a 52 week high of $25.33. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -24.55 and a beta of 0.96. The company’s 50-day moving average price is $18.33 and its two-hundred day moving average price is $20.28. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11.

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.