Renaissance Technologies LLC Buys 76,500 Shares of MeridianLink, Inc. (NYSE:MLNK)

Renaissance Technologies LLC raised its holdings in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) by 48.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 235,500 shares of the company's stock after acquiring an additional 76,500 shares during the period. Renaissance Technologies LLC owned approximately 0.31% of MeridianLink worth $4,863,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in MeridianLink by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 3,266,023 shares of the company's stock worth $67,443,000 after acquiring an additional 310,228 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of MeridianLink during the fourth quarter worth $29,461,000. Geode Capital Management LLC grew its holdings in shares of MeridianLink by 11.4% in the 4th quarter. Geode Capital Management LLC now owns 672,526 shares of the company's stock valued at $13,890,000 after buying an additional 69,083 shares during the period. State Street Corp lifted its holdings in MeridianLink by 20.7% during the third quarter. State Street Corp now owns 667,201 shares of the company's stock worth $13,724,000 after acquiring an additional 114,578 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of MeridianLink by 123.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 398,389 shares of the company's stock valued at $8,227,000 after purchasing an additional 220,240 shares during the period. Institutional investors and hedge funds own 82.65% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. UBS Group lowered their price objective on shares of MeridianLink from $25.50 to $20.50 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Raymond James dropped their price target on MeridianLink from $28.00 to $24.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. William Blair reiterated an "outperform" rating on shares of MeridianLink in a report on Friday, March 7th. Bank of America cut MeridianLink from a "buy" rating to an "underperform" rating and cut their target price for the company from $28.00 to $18.00 in a research note on Thursday, January 30th. Finally, Barclays decreased their price target on shares of MeridianLink from $19.00 to $16.00 and set an "underweight" rating for the company in a research note on Monday, April 14th. Two equities research 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $20.08.

MeridianLink Stock Up 0.7 %

Shares of NYSE MLNK traded up $0.12 during trading hours on Thursday, hitting $16.52. The company had a trading volume of 77,540 shares, compared to its average volume of 236,339. The stock has a market capitalization of $1.27 billion, a P/E ratio of -24.66 and a beta of 0.96. MeridianLink, Inc. has a 1-year low of $15.57 and a 1-year high of $25.33. The firm's 50 day moving average is $18.15 and its 200-day moving average is $20.20. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11.

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.