Inspire Investing LLC Has $389,000 Stake in MeridianLink, Inc. $MLNK

Inspire Investing LLC increased its holdings in MeridianLink, Inc. (NYSE:MLNK) by 28.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,981 shares of the company’s stock after buying an additional 5,362 shares during the period. Inspire Investing LLC’s holdings in MeridianLink were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MLNK. Teacher Retirement System of Texas increased its stake in MeridianLink by 87.7% in the first quarter. Teacher Retirement System of Texas now owns 60,362 shares of the company’s stock valued at $1,119,000 after acquiring an additional 28,204 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of MeridianLink by 1,606.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,521 shares of the company’s stock worth $84,000 after buying an additional 4,256 shares during the last quarter. Mackenzie Financial Corp bought a new stake in shares of MeridianLink during the first quarter worth $708,000. Goldman Sachs Group Inc. grew its stake in shares of MeridianLink by 72.2% during the first quarter. Goldman Sachs Group Inc. now owns 320,012 shares of the company’s stock worth $5,930,000 after buying an additional 134,146 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of MeridianLink by 39.1% during the first quarter. New York State Common Retirement Fund now owns 9,257 shares of the company’s stock worth $172,000 after buying an additional 2,600 shares during the last quarter. 82.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on MLNK. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MeridianLink in a research note on Wednesday, October 8th. Raymond James Financial cut shares of MeridianLink from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Barclays boosted their price objective on shares of MeridianLink from $16.00 to $20.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 12th. BTIG Research cut shares of MeridianLink from a “strong-buy” rating to a “neutral” rating in a research note on Monday, August 11th. Finally, William Blair cut shares of MeridianLink from an “outperform” rating to a “market perform” rating in a research note on Monday, August 11th. Six research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $20.07.

MeridianLink Price Performance

Shares of NYSE MLNK opened at $20.02 on Thursday. The firm’s 50-day moving average price is $19.75 and its 200-day moving average price is $17.72. MeridianLink, Inc. has a 1-year low of $15.49 and a 1-year high of $25.22. The firm has a market capitalization of $1.48 billion, a P/E ratio of -69.02 and a beta of 0.92. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 1.18.

MeridianLink (NYSE:MLNK) last posted its earnings results on Monday, August 11th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). MeridianLink had a negative return on equity of 4.50% and a negative net margin of 6.90%.The business had revenue of $84.60 million during the quarter, compared to analyst estimates of $81.58 million. During the same quarter in the prior year, the company earned $0.04 EPS. The company’s revenue was up 7.5% on a year-over-year basis. Equities research analysts anticipate that MeridianLink, Inc. will post -0.35 earnings per share for the current fiscal year.

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.