Cubist Systematic Strategies LLC Makes New $815,000 Investment in MeridianLink, Inc. (NYSE:MLNK)

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

Several other large investors have also recently bought and sold shares of MLNK. Russell Investments Group Ltd. increased its position in MeridianLink by 5.0% during the 4th quarter. Russell Investments Group Ltd. now owns 16,704 shares of the company's stock worth $345,000 after purchasing an additional 802 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in MeridianLink by 32.0% in the 4th 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 period. Legal & General Group Plc grew its holdings in MeridianLink by 3.3% in the 4th quarter. Legal & General Group Plc now owns 30,905 shares of the company's stock valued at $638,000 after buying an additional 987 shares during the period. Corebridge Financial Inc. grew its holdings in MeridianLink by 12.8% in the 4th quarter. Corebridge Financial Inc. now owns 16,260 shares of the company's stock valued at $336,000 after buying an additional 1,839 shares during the period. Finally, MetLife Investment Management LLC grew its holdings in 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. Hedge funds and other institutional investors own 82.65% of the company's stock.

MeridianLink Stock Down 0.0%

MeridianLink stock traded down $0.01 during midday trading on Tuesday, hitting $16.77. 5,714 shares of the company were exchanged, compared to its average volume of 277,953. The company's fifty day moving average price is $17.46 and its 200-day moving average price is $19.65. MeridianLink, Inc. has a fifty-two week low of $15.57 and a fifty-two week high of $25.33. The company has a market cap of $1.29 billion, a PE ratio of -25.02 and a beta of 0.97. 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 (NYSE:MLNK - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $80.47 million. During the same period in the previous year, the company earned $0.06 earnings per share. The business's revenue for the quarter was up 4.7% on a year-over-year basis. On average, research analysts predict that MeridianLink, Inc. will post -0.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on MLNK shares. UBS Group lowered their price target on MeridianLink from $25.50 to $20.50 and set a "neutral" rating for the company in a report on Tuesday, March 4th. William Blair restated an "outperform" rating on shares of MeridianLink in a report on Friday, March 7th. Barclays lowered their price target on MeridianLink from $19.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, April 14th. Bank of America lowered MeridianLink from a "buy" rating to an "underperform" rating and reduced their price objective for the company from $28.00 to $18.00 in a research note on Thursday, January 30th. Finally, Raymond James reduced their price objective on MeridianLink from $28.00 to $24.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $19.42.

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.