Natixis Acquires New Position in MeridianLink, Inc. (NYSE:MLNK)

Natixis acquired a new stake in MeridianLink, Inc. (NYSE:MLNK - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 32,000 shares of the company's stock, valued at approximately $661,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in shares of MeridianLink during the fourth quarter worth $65,000. Summit Investment Advisors Inc. lifted its position in shares of MeridianLink by 32.0% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company's stock worth $71,000 after buying an additional 830 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of MeridianLink in the 4th quarter valued at $124,000. Proficio Capital Partners LLC acquired a new stake in MeridianLink during the 4th quarter worth $234,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in MeridianLink in the fourth quarter valued at $259,000. 82.65% of the stock is owned by institutional investors and hedge funds.

MeridianLink Stock Performance

MLNK traded down $0.11 during trading on Monday, reaching $16.61. 86,039 shares of the company were exchanged, compared to its average volume of 277,844. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11. The stock has a market cap of $1.27 billion, a P/E ratio of -24.75 and a beta of 0.96. MeridianLink, Inc. has a 52 week low of $15.57 and a 52 week high of $25.33. The firm has a 50 day moving average of $18.06 and a 200 day moving average of $20.14.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Bank of America downgraded shares of MeridianLink from a "buy" rating to an "underperform" rating and lowered their price objective for the stock from $28.00 to $18.00 in a research report on Thursday, January 30th. Raymond James dropped their target price on shares of MeridianLink from $28.00 to $24.00 and set an "outperform" rating for the company in a report on Friday, March 7th. Barclays decreased their price objective on shares of MeridianLink from $19.00 to $16.00 and set an "underweight" rating on the stock in a research report on Monday, April 14th. William Blair restated an "outperform" rating on shares of MeridianLink in a research report on Friday, March 7th. Finally, UBS Group lowered their target price on shares of MeridianLink from $25.50 to $20.50 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, MeridianLink presently has a consensus rating of "Hold" and a consensus target price of $20.08.

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.