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

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

Other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in shares of MeridianLink during the 4th quarter worth $234,000. AlphaQuest LLC purchased a new stake in MeridianLink during the 4th quarter worth about $421,000. SG Americas Securities LLC boosted its position in shares of MeridianLink by 94.9% during the 4th quarter. SG Americas Securities LLC now owns 21,878 shares of the company's stock worth $452,000 after acquiring an additional 10,654 shares in the last quarter. FMR LLC increased its holdings in shares of MeridianLink by 5.1% in the 3rd quarter. FMR LLC now owns 23,408 shares of the company's stock valued at $482,000 after acquiring an additional 1,139 shares during the last quarter. Finally, Centiva Capital LP acquired a new stake in shares of MeridianLink during the 3rd quarter worth about $823,000. 82.65% of the stock is owned by hedge funds and other institutional investors.

MeridianLink Stock Performance

MeridianLink stock traded down $0.30 during midday trading on Friday, hitting $19.05. 300,839 shares of the company's stock were exchanged, compared to its average volume of 239,962. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of -28.43 and a beta of 1.01. MeridianLink, Inc. has a 12-month low of $16.49 and a 12-month high of $25.33. The firm's 50 day simple moving average is $19.28 and its 200 day simple moving average is $21.13.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MLNK shares. Raymond James lowered their price target on MeridianLink from $28.00 to $24.00 and set an "outperform" rating for the company in a report on Friday, March 7th. William Blair restated an "outperform" rating on shares of MeridianLink in a report on Friday, March 7th. Barclays cut their price target on shares of MeridianLink from $20.00 to $19.00 and set an "underweight" rating on the stock in a research note on Friday, March 7th. Bank of America downgraded shares of MeridianLink from a "buy" rating to an "underperform" rating and decreased their price objective for the company from $28.00 to $18.00 in a research note on Thursday, January 30th. Finally, UBS Group dropped their price objective on MeridianLink from $25.50 to $20.50 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target 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.