18,609 Shares in MeridianLink, Inc. (NYSE:MLNK) Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC purchased a new position in MeridianLink, Inc. (NYSE:MLNK) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 18,609 shares of the company’s stock, valued at approximately $384,000.

Several other institutional investors have also modified their holdings of the business. Victory Capital Management Inc. bought a new stake in MeridianLink in the fourth quarter valued at about $29,461,000. State Street Corp increased its holdings in MeridianLink by 20.7% in the third quarter. State Street Corp now owns 667,201 shares of the company’s stock valued at $13,724,000 after buying an additional 114,578 shares during the last quarter. Geode Capital Management LLC increased its holdings in MeridianLink by 12.2% in the third quarter. Geode Capital Management LLC now owns 603,443 shares of the company’s stock valued at $12,415,000 after buying an additional 65,834 shares during the last quarter. Polar Asset Management Partners Inc. bought a new stake in MeridianLink in the third quarter valued at about $8,598,000. Finally, Maven Securities LTD bought a new stake in MeridianLink in the third quarter valued at about $5,377,000. Institutional investors and hedge funds own 82.65% of the company’s stock.

Analyst Upgrades and Downgrades

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

MeridianLink Stock Performance

Shares of MLNK stock opened at $19.30 on Tuesday. MeridianLink, Inc. has a 12-month low of $16.49 and a 12-month high of $25.33. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of -28.80 and a beta of 1.01. The business has a 50 day simple moving average of $19.30 and a 200 day simple moving average of $21.18. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86.

Insiders Place Their Bets

In other MeridianLink news, CEO Nicolaas Vlok sold 71,598 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $21.17, for a total value of $1,515,729.66. Following the completion of the sale, the chief executive officer now directly owns 1,043,382 shares in the company, valued at $22,088,396.94. This represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 21.30% of the stock is currently owned by insiders.

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.