MeridianLink, Inc. (NYSE:MLNK) Short Interest Update

MeridianLink, Inc. (NYSE:MLNK - Get Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 1,760,000 shares, a growth of 20.5% from the March 15th total of 1,460,000 shares. Approximately 6.2% of the shares of the stock are sold short. Based on an average daily volume of 242,900 shares, the short-interest ratio is currently 7.2 days.

Analyst Ratings Changes

MLNK has been the topic of a number of research reports. Barclays decreased their price objective on MeridianLink from $19.00 to $16.00 and set an "underweight" rating on the stock in a report on Monday, April 14th. Bank of America cut shares of MeridianLink from a "buy" rating to an "underperform" rating and decreased their target price for the stock from $28.00 to $18.00 in a research report on Thursday, January 30th. UBS Group lowered their target price on MeridianLink from $25.50 to $20.50 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Citigroup cut their price target on shares of MeridianLink from $24.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Finally, William Blair reaffirmed 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 given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, MeridianLink currently has a consensus rating of "Hold" and a consensus target price of $20.08.

Institutional Trading of MeridianLink

Several large investors have recently modified their holdings of MLNK. Quantbot Technologies LP purchased a new position in MeridianLink in the fourth quarter worth about $65,000. Summit Investment Advisors Inc. increased its holdings in MeridianLink by 32.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company's stock valued at $71,000 after buying an additional 830 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in MeridianLink by 1,606.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,521 shares of the company's stock worth $84,000 after acquiring an additional 4,256 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of MeridianLink during the 4th quarter worth $124,000. Finally, Millennium Management LLC purchased a new stake in shares of MeridianLink in the 4th quarter worth $201,000. Institutional investors own 82.65% of the company's stock.

MeridianLink Stock Performance

NYSE MLNK traded up $0.21 during trading hours on Thursday, hitting $16.61. The company's stock had a trading volume of 174,272 shares, compared to its average volume of 278,177. MeridianLink has a 12 month low of $15.57 and a 12 month high of $25.33. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86. The company's 50 day simple moving average is $18.11 and its two-hundred day simple moving average is $20.17. The company has a market cap of $1.27 billion, a P/E ratio of -24.79 and a beta of 0.96.

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.