MeridianLink, Inc. (NYSE:MLNK) Shares Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL grew its holdings in shares of MeridianLink, Inc. (NYSE:MLNK) by 6.6% in the 4th quarter, Holdings Channel reports. The fund owned 132,096 shares of the company’s stock after acquiring an additional 8,124 shares during the period. Tudor Investment Corp ET AL’s holdings in MeridianLink were worth $2,728,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD acquired a new stake in MeridianLink during the 4th quarter valued at approximately $263,000. Hsbc Holdings PLC acquired a new position in shares of MeridianLink in the 4th quarter worth approximately $445,000. Tower Research Capital LLC TRC boosted its holdings in MeridianLink by 73.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,311 shares of the company’s stock worth $254,000 after purchasing an additional 5,200 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of MeridianLink by 15.7% in the 4th quarter. MetLife Investment Management LLC now owns 19,131 shares of the company’s stock valued at $395,000 after buying an additional 2,591 shares during the period. Finally, Natixis acquired a new position in MeridianLink in the fourth quarter valued at approximately $661,000. 82.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MLNK shares. William Blair restated an “outperform” rating on shares of MeridianLink in a research report on Friday, March 7th. Barclays reduced their price target on shares of MeridianLink from $19.00 to $16.00 and set an “underweight” rating for the company in a report on Monday, April 14th. UBS Group dropped their price objective on shares of MeridianLink from $25.50 to $20.50 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Citigroup reduced their target price on shares of MeridianLink from $24.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Finally, Bank of America lowered shares of MeridianLink from a “buy” rating to an “underperform” rating and dropped their price target for the company from $28.00 to $18.00 in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.08.

MeridianLink Stock Performance

Shares of MLNK opened at $16.68 on Friday. MeridianLink, Inc. has a 12-month low of $15.57 and a 12-month high of $25.33. The stock has a market capitalization of $1.29 billion, a P/E ratio of -24.90 and a beta of 0.96. The firm’s 50 day moving average is $17.89 and its 200-day moving average is $20.01. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86.

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.