MeridianLink, Inc. (NYSE:MLNK) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its position in MeridianLink, Inc. (NYSE:MLNK - Free Report) by 81.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 96,863 shares of the company's stock after buying an additional 43,523 shares during the period. Ameriprise Financial Inc. owned approximately 0.13% of MeridianLink worth $2,000,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MLNK. SG Americas Securities LLC grew its position in shares of 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 grew its position in shares of 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 purchased a new stake in MeridianLink during the 4th quarter worth approximately $234,000. Charles Schwab Investment Management Inc. grew its position in MeridianLink by 9.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 239,032 shares of the company's stock worth $4,936,000 after purchasing an additional 20,928 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in MeridianLink during the 4th quarter worth approximately $29,461,000. Hedge funds and other institutional investors own 82.65% of the company's stock.

MeridianLink Stock Performance

Shares of MLNK stock traded up $0.49 during trading hours on Tuesday, hitting $16.60. The company's stock had a trading volume of 653,195 shares, compared to its average volume of 284,075. The company has a 50 day moving average of $16.81 and a 200 day moving average of $19.12. The stock has a market cap of $1.28 billion, a PE ratio of -24.78 and a beta of 0.97. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11. MeridianLink, Inc. has a 12-month low of $15.57 and a 12-month high of $25.33.

MeridianLink (NYSE:MLNK - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.09 earnings per share (EPS) 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 firm had revenue of $81.49 million during the quarter, compared to analyst estimates of $80.47 million. During the same quarter in the prior year, the firm 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, sell-side analysts forecast that MeridianLink, Inc. will post -0.35 EPS for the current fiscal year.

Analysts Set New Price Targets

MLNK has been the topic of several research analyst reports. Citigroup dropped their target price on shares of MeridianLink from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Barclays dropped their target price on shares of MeridianLink from $19.00 to $16.00 and set an "underweight" rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus dropped their target price on shares of MeridianLink from $20.00 to $18.00 and set a "hold" rating on the stock in a research report on Tuesday, May 13th. William Blair reissued an "outperform" rating on shares of MeridianLink in a research report on Friday, March 7th. Finally, UBS Group dropped their target price on shares of MeridianLink from $25.50 to $20.50 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company 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.