Charles Schwab Investment Management Inc. Has $4.94 Million Stock Position in MeridianLink, Inc. (NYSE:MLNK)

Charles Schwab Investment Management Inc. lifted its stake in MeridianLink, Inc. (NYSE:MLNK - Free Report) by 9.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 239,032 shares of the company's stock after purchasing an additional 20,928 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.32% of MeridianLink worth $4,936,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in MeridianLink in the 4th quarter worth approximately $234,000. Rhumbline Advisers boosted its position in shares of MeridianLink by 10.0% in the fourth quarter. Rhumbline Advisers now owns 48,629 shares of the company's stock worth $1,004,000 after buying an additional 4,404 shares during the period. SG Americas Securities LLC grew its holdings in shares of MeridianLink by 94.9% during the fourth quarter. SG Americas Securities LLC now owns 21,878 shares of the company's stock valued at $452,000 after buying an additional 10,654 shares in the last quarter. Barclays PLC raised its position in MeridianLink by 342.1% during the third quarter. Barclays PLC now owns 42,399 shares of the company's stock valued at $872,000 after buying an additional 32,808 shares during the period. Finally, Geode Capital Management LLC lifted its stake in MeridianLink by 12.2% in the 3rd quarter. Geode Capital Management LLC now owns 603,443 shares of the company's stock worth $12,415,000 after acquiring an additional 65,834 shares in the last quarter. Hedge funds and other institutional investors own 82.65% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts have weighed in on MLNK shares. UBS Group lowered their target price on MeridianLink from $25.50 to $20.50 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Bank of America downgraded shares of MeridianLink from a "buy" rating to an "underperform" rating and lowered their price objective for the company from $28.00 to $18.00 in a research report on Thursday, January 30th. Raymond James cut their target price on shares of MeridianLink from $28.00 to $24.00 and set an "outperform" rating for the company in a research report on Friday, March 7th. Citigroup dropped their price target on shares of MeridianLink from $24.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Finally, Barclays reduced their price objective on MeridianLink from $20.00 to $19.00 and set an "underweight" rating for the company in a research report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $20.58.

MeridianLink Stock Down 3.1 %

Shares of MeridianLink stock traded down $0.59 during midday trading on Friday, reaching $18.64. 101,032 shares of the company's stock traded hands, compared to its average volume of 273,092. The company has a market cap of $1.43 billion, a price-to-earnings ratio of -27.82 and a beta of 1.01. MeridianLink, Inc. has a 52 week low of $16.49 and a 52 week high of $25.33. The company's 50 day simple moving average is $19.28 and its 200 day simple moving average is $20.95. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86.

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.