Quantbot Technologies LP Takes $65,000 Position in MeridianLink, Inc. (NYSE:MLNK)

Quantbot Technologies LP bought a new stake in shares of MeridianLink, Inc. (NYSE:MLNK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,165 shares of the company’s stock, valued at approximately $65,000.

A number of other large investors also recently added to or reduced their stakes in the business. Victory Capital Management Inc. purchased a new stake in MeridianLink during the fourth quarter valued at about $29,461,000. State Street Corp lifted its stake in shares of MeridianLink by 20.7% in the 3rd quarter. State Street Corp now owns 667,201 shares of the company’s stock valued at $13,724,000 after acquiring an additional 114,578 shares during the last quarter. Geode Capital Management LLC boosted its holdings in MeridianLink by 12.2% during the 3rd quarter. Geode Capital Management LLC now owns 603,443 shares of the company’s stock valued at $12,415,000 after acquiring an additional 65,834 shares during the period. Polar Asset Management Partners Inc. bought a new position in MeridianLink during the 3rd quarter worth approximately $8,598,000. Finally, Maven Securities LTD purchased a new position in MeridianLink in the 3rd quarter worth approximately $5,377,000. Hedge funds and other institutional investors own 82.65% of the company’s stock.

MeridianLink Price Performance

Shares of NYSE MLNK opened at $18.75 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86. MeridianLink, Inc. has a 1 year low of $16.49 and a 1 year high of $25.33. The company’s 50-day moving average is $19.24 and its 200 day moving average is $20.87. The stock has a market capitalization of $1.44 billion, a P/E ratio of -27.99 and a beta of 1.01.

Analysts Set New Price Targets

MLNK has been the subject of a number of analyst reports. William Blair reissued an “outperform” rating on shares of MeridianLink in a research note on Friday, March 7th. Bank of America lowered shares of MeridianLink from a “buy” rating to an “underperform” rating and cut their price target for the stock from $28.00 to $18.00 in a report on Thursday, January 30th. Raymond James decreased their price objective on shares of MeridianLink from $28.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. UBS Group dropped their target price on shares of MeridianLink from $25.50 to $20.50 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Finally, Barclays reduced their price target 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 assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, MeridianLink currently has an average rating of “Hold” and a consensus target price of $20.58.

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.