New York Life Investment Management LLC Reduces Stake in MeridianLink, Inc. (NYSE:MLNK)

New York Life Investment Management LLC reduced its holdings in MeridianLink, Inc. (NYSE:MLNK) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,962 shares of the company’s stock after selling 619 shares during the quarter. New York Life Investment Management LLC’s holdings in MeridianLink were worth $494,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in MeridianLink in the third quarter valued at $108,000. Bank of New York Mellon Corp boosted its stake in shares of MeridianLink by 1.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 97,084 shares of the company’s stock valued at $1,656,000 after purchasing an additional 1,538 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of MeridianLink by 196.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,416 shares of the company’s stock valued at $75,000 after buying an additional 2,926 shares during the period. Barclays PLC raised its stake in MeridianLink by 9.2% in the third quarter. Barclays PLC now owns 9,679 shares of the company’s stock worth $165,000 after buying an additional 815 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in MeridianLink in the third quarter worth about $219,000. 82.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MLNK shares. Citigroup decreased their target price on MeridianLink from $23.50 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. Wolfe Research raised MeridianLink from an “underperform” rating to a “peer perform” rating in a research report on Thursday, February 8th. Stifel Nicolaus reduced their target price on shares of MeridianLink from $20.00 to $18.00 and set a “hold” rating on the stock in a research report on Wednesday, March 6th. William Blair reissued an “outperform” rating on shares of MeridianLink in a research report on Wednesday, March 6th. Finally, Barclays cut their price objective on shares of MeridianLink from $23.00 to $20.00 and set an “underweight” rating on the stock in a report on Thursday, March 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $19.60.

MeridianLink Stock Down 4.8 %

MLNK stock opened at $16.78 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.83. MeridianLink, Inc. has a twelve month low of $14.89 and a twelve month high of $25.88. The stock has a market cap of $1.28 billion, a P/E ratio of -31.07 and a beta of 0.95. The business’s 50-day moving average price is $17.92 and its 200-day moving average price is $19.80.

MeridianLink (NYSE:MLNK) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). MeridianLink had a negative net margin of 14.01% and a negative return on equity of 6.77%. The firm had revenue of $77.82 million for the quarter, compared to the consensus estimate of $76.79 million. During the same quarter in the previous year, the business earned ($0.04) earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities research analysts forecast that MeridianLink, Inc. will post -0.02 EPS for the current year.

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.