64,647 Shares in MeridianLink, Inc. (NYSE:MLNK) Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 64,647 shares of the company's stock, valued at approximately $1,335,000. BNP Paribas Financial Markets owned approximately 0.09% of MeridianLink at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC lifted its position in MeridianLink by 94.9% in the 4th quarter. SG Americas Securities LLC now owns 21,878 shares of the company's stock worth $452,000 after buying an additional 10,654 shares during the last quarter. Rhumbline Advisers lifted its position in MeridianLink by 10.0% in the 4th quarter. Rhumbline Advisers now owns 48,629 shares of the company's stock worth $1,004,000 after buying an additional 4,404 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in MeridianLink in the 4th quarter worth approximately $234,000. Charles Schwab Investment Management Inc. lifted its position in MeridianLink by 9.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 239,032 shares of the company's stock worth $4,936,000 after buying an additional 20,928 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new stake in MeridianLink in the fourth quarter valued at approximately $29,461,000. Hedge funds and other institutional investors own 82.65% of the company's stock.

MeridianLink Stock Down 0.8%

NYSE MLNK traded down $0.13 on Friday, reaching $15.94. 364,864 shares of the stock traded hands, compared to its average volume of 279,622. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -23.79 and a beta of 0.97. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86. MeridianLink, Inc. has a 12 month low of $15.57 and a 12 month high of $25.33. The company has a fifty day moving average price of $17.22 and a 200-day moving average price of $19.44.

MeridianLink (NYSE:MLNK - Get Free Report) last posted its quarterly 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). The firm had revenue of $81.49 million for the quarter, compared to analysts' expectations of $80.47 million. MeridianLink had a negative net margin of 16.57% and a negative return on equity of 9.57%. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 EPS. As a group, research analysts forecast that MeridianLink, Inc. will post -0.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on MLNK shares. Citigroup lowered their price objective on MeridianLink from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Stifel Nicolaus decreased their target price on MeridianLink from $20.00 to $18.00 and set a "hold" rating for the company in a report on Tuesday, May 13th. UBS Group decreased their target price on MeridianLink from $25.50 to $20.50 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Bank of America cut MeridianLink from a "buy" rating to an "underperform" rating and reduced their price target for the stock from $28.00 to $18.00 in a research note on Thursday, January 30th. Finally, William Blair reissued an "outperform" rating on shares of MeridianLink 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.