Nuveen LLC Purchases New Stake in MeridianLink, Inc. $MLNK

Key Points

• Nuveen LLC acquired 114,772 shares of MeridianLink, Inc., valued at approximately $2.1 million, increasing its stake to 0.15% of the company.
• MeridianLink reported an EPS of -$0.04 for the quarter, missing estimates, but with revenues up 7.5% year-over-year.
• Recent analyst ratings have been mixed, with multiple analysts downgrading the stock, leading to an average price target of $20.07.

Nuveen LLC bought a new position in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 114,772 shares of the company's stock, valued at approximately $2,127,000. Nuveen LLC owned 0.15% of MeridianLink at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of MeridianLink by 37.4% during the 4th quarter. Wells Fargo & Company MN now owns 25,389 shares of the company's stock worth $524,000 after acquiring an additional 6,914 shares during the period. Barclays PLC raised its stake in MeridianLink by 34.7% during the fourth quarter. Barclays PLC now owns 57,114 shares of the company's stock worth $1,179,000 after purchasing an additional 14,715 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of MeridianLink by 12.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 986,105 shares of the company's stock valued at $20,363,000 after purchasing an additional 107,349 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of MeridianLink by 15.7% during 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, Tower Research Capital LLC TRC increased its holdings in shares of MeridianLink by 73.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,311 shares of the company's stock worth $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.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Raymond James Financial cut MeridianLink from a "moderate buy" rating to a "hold" rating in a report on Tuesday, August 12th. Barclays lifted their price objective on MeridianLink from $16.00 to $20.00 and gave the company an "underweight" rating in a research note on Tuesday, August 12th. Stifel Nicolaus dropped their target price 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. William Blair cut shares of MeridianLink from an "outperform" rating to a "market perform" rating in a research report on Monday, August 11th. Finally, BTIG Research lowered shares of MeridianLink from a "strong-buy" rating to a "neutral" rating in a research report on Monday, August 11th. Six investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, MeridianLink currently has a consensus rating of "Reduce" and a consensus price target of $20.07.

MeridianLink Stock Up 0.4%

Shares of NYSE:MLNK traded up $0.08 during trading on Thursday, hitting $19.95. The company's stock had a trading volume of 452,327 shares, compared to its average volume of 1,382,129. The company has a market capitalization of $1.48 billion, a PE ratio of -68.78 and a beta of 0.93. MeridianLink, Inc. has a fifty-two week low of $15.49 and a fifty-two week high of $25.33. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.01 and a current ratio of 2.01. The stock's 50-day moving average price is $17.74 and its two-hundred day moving average price is $17.54.

MeridianLink (NYSE:MLNK - Get Free Report) last issued its quarterly earnings data 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 net margin of 6.90% and a negative return on equity of 4.50%. The business had revenue of $84.60 million for the quarter, compared to analyst estimates of $81.58 million. During the same quarter last year, the business earned $0.04 EPS. MeridianLink's revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, sell-side analysts expect that MeridianLink, Inc. will post -0.35 EPS for the current 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.