Natixis Makes New $661,000 Investment in MeridianLink, Inc. (NYSE:MLNK)

Natixis bought a new position in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 32,000 shares of the company's stock, valued at approximately $661,000.

Several other institutional investors also recently bought and sold shares of MLNK. Dimensional Fund Advisors LP grew its stake in shares of MeridianLink by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 986,105 shares of the company's stock worth $20,363,000 after purchasing an additional 107,349 shares during the period. Mariner LLC increased its holdings in MeridianLink by 26.4% in the fourth quarter. Mariner LLC now owns 32,760 shares of the company's stock valued at $676,000 after buying an additional 6,846 shares in the last quarter. Barclays PLC boosted its stake in shares of MeridianLink by 34.7% during the 4th quarter. Barclays PLC now owns 57,114 shares of the company's stock worth $1,179,000 after acquiring an additional 14,715 shares in the last quarter. Summit Investment Advisors Inc. grew its position in shares of MeridianLink by 32.0% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company's stock valued at $71,000 after acquiring an additional 830 shares during the period. Finally, CenterBook Partners LP raised its holdings in MeridianLink by 111.7% in the 4th quarter. CenterBook Partners LP now owns 340,287 shares of the company's stock worth $7,027,000 after purchasing an additional 179,570 shares during the period. 82.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MLNK. Barclays reduced their price objective on shares of MeridianLink from $19.00 to $16.00 and set an "underweight" rating for the company in a research report on Monday, April 14th. Bank of America cut shares of MeridianLink from a "buy" rating to an "underperform" rating and reduced their target price for the company from $28.00 to $18.00 in a research report on Thursday, January 30th. Citigroup dropped their price objective 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. William Blair restated an "outperform" rating on shares of MeridianLink in a report on Friday, March 7th. Finally, UBS Group reduced their price objective on MeridianLink from $25.50 to $20.50 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Two equities research 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's stock. According to data from MarketBeat, MeridianLink presently has a consensus rating of "Hold" and an average price target of $20.08.

MeridianLink Trading Up 0.9 %

NYSE:MLNK traded up $0.15 on Tuesday, reaching $16.78. The company's stock had a trading volume of 13,147 shares, compared to its average volume of 277,064. MeridianLink, Inc. has a 12-month low of $15.57 and a 12-month high of $25.33. The stock has a 50 day moving average price of $18.02 and a 200 day moving average price of $20.11. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -25.04 and a beta of 0.96. 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.