Vanguard Group Inc. Acquires 310,228 Shares of MeridianLink, Inc. (NYSE:MLNK)

Vanguard Group Inc. lifted its stake in MeridianLink, Inc. (NYSE:MLNK - Free Report) by 10.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,266,023 shares of the company's stock after acquiring an additional 310,228 shares during the quarter. Vanguard Group Inc. owned approximately 4.32% of MeridianLink worth $67,443,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC increased its position in shares of MeridianLink by 5.1% during the 3rd quarter. FMR LLC now owns 23,408 shares of the company's stock worth $482,000 after purchasing an additional 1,139 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of MeridianLink in the fourth quarter valued at $65,000. Rhumbline Advisers increased its holdings in MeridianLink by 10.0% during 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 last quarter. KLP Kapitalforvaltning AS bought a new stake in MeridianLink during the fourth quarter worth $124,000. Finally, SG Americas Securities LLC lifted its stake in MeridianLink by 94.9% in the fourth quarter. SG Americas Securities LLC now owns 21,878 shares of the company's stock valued at $452,000 after acquiring an additional 10,654 shares during the last quarter. Institutional investors own 82.65% of the company's stock.

MeridianLink Stock Performance

Shares of MeridianLink stock traded down $0.00 on Wednesday, hitting $16.69. The stock had a trading volume of 11,032 shares, compared to its average volume of 277,409. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -24.90 and a beta of 0.96. The business's 50 day moving average is $18.50 and its two-hundred day moving average is $20.36. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11. MeridianLink, Inc. has a twelve month low of $15.57 and a twelve month high of $25.33.

Analysts Set New Price Targets

Several research firms have recently weighed in on MLNK. Citigroup lowered their price objective 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. Bank of America downgraded MeridianLink from a "buy" rating to an "underperform" rating and lowered their price target for the stock from $28.00 to $18.00 in a research report on Thursday, January 30th. UBS Group dropped their price objective on MeridianLink from $25.50 to $20.50 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Raymond James reduced their target price on MeridianLink from $28.00 to $24.00 and set an "outperform" rating for the company in a research note on Friday, March 7th. Finally, William Blair restated an "outperform" rating on shares of MeridianLink in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, MeridianLink has an average rating of "Hold" and an average target price of $20.08.

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.