39,447 Shares in MeridianLink, Inc. (NYSE:MLNK) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new position in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 39,447 shares of the company's stock, valued at approximately $815,000. Cubist Systematic Strategies LLC owned about 0.05% of MeridianLink at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MLNK. Quantbot Technologies LP purchased a new stake in shares of MeridianLink during the 4th quarter worth approximately $65,000. Summit Investment Advisors Inc. raised its holdings in shares of MeridianLink by 32.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company's stock valued at $71,000 after buying an additional 830 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of MeridianLink in the fourth quarter valued at about $124,000. Proficio Capital Partners LLC purchased a new stake in shares of MeridianLink in the fourth quarter valued at about $234,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of MeridianLink by 73.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,311 shares of the company's stock valued at $254,000 after buying an additional 5,200 shares during the last quarter. Hedge funds and other institutional investors own 82.65% of the company's stock.

MeridianLink Price Performance

MLNK traded down $0.25 on Monday, hitting $16.81. 67,176 shares of the company were exchanged, compared to its average volume of 278,714. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86. The business's fifty day moving average is $17.52 and its 200 day moving average is $19.69. MeridianLink, Inc. has a fifty-two week low of $15.57 and a fifty-two week high of $25.33. The firm has a market capitalization of $1.30 billion, a P/E ratio of -25.09 and a beta of 0.97.

MeridianLink (NYSE:MLNK - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). MeridianLink had a negative net margin of 16.57% and a negative return on equity of 9.57%. The business had revenue of $81.49 million for the quarter, compared to analysts' expectations of $80.47 million. During the same quarter last year, the business posted $0.06 earnings per share. The business's revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that MeridianLink, Inc. will post -0.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MLNK. Barclays reduced their target price 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. William Blair restated an "outperform" rating on shares of MeridianLink in a research report on Friday, March 7th. Bank of America downgraded shares of MeridianLink from a "buy" rating to an "underperform" rating and cut their price objective for the stock from $28.00 to $18.00 in a research report on Thursday, January 30th. UBS Group cut 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. Finally, Stifel Nicolaus cut their price objective on shares of MeridianLink from $20.00 to $18.00 and set a "hold" rating for the company in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $19.42.

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.