Ameriprise Financial Inc. Has $2 Million Holdings in MeridianLink, Inc. (NYSE:MLNK)

Ameriprise Financial Inc. lifted its position in MeridianLink, Inc. (NYSE:MLNK - Free Report) by 81.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,863 shares of the company's stock after acquiring an additional 43,523 shares during the period. Ameriprise Financial Inc. owned approximately 0.13% of MeridianLink worth $2,000,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Quantbot Technologies LP bought a new stake in MeridianLink during the 4th quarter worth approximately $65,000. Summit Investment Advisors Inc. increased its stake in MeridianLink by 32.0% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company's stock worth $71,000 after purchasing an additional 830 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in MeridianLink during the 4th quarter worth approximately $124,000. Proficio Capital Partners LLC bought a new stake in MeridianLink during the 4th quarter worth approximately $234,000. Finally, Tower Research Capital LLC TRC increased its stake in 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 purchasing an additional 5,200 shares in the last quarter. 82.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MLNK shares. Barclays lowered their target price on MeridianLink from $19.00 to $16.00 and set an "underweight" rating for the company in a research note on Monday, April 14th. Stifel Nicolaus lowered their target price on MeridianLink from $20.00 to $18.00 and set a "hold" rating for the company in a research note on Tuesday, May 13th. William Blair reissued an "outperform" rating on shares of MeridianLink in a research note on Friday, March 7th. Citigroup lowered their target price on MeridianLink from $24.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Finally, Raymond James lowered their target price on MeridianLink from $28.00 to $24.00 and set an "outperform" rating for the company in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $19.42.

MeridianLink Stock Up 0.5%

Shares of MLNK traded up $0.09 during mid-day trading on Friday, hitting $16.73. 456,939 shares of the company's stock were exchanged, compared to its average volume of 281,801. The company has a market cap of $1.29 billion, a PE ratio of -24.97 and a beta of 0.97. MeridianLink, Inc. has a 52 week low of $15.57 and a 52 week high of $25.33. The company has a 50-day simple moving average of $16.93 and a 200 day simple moving average of $19.24. 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 issued 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 business had revenue of $81.49 million for the quarter, compared to the consensus estimate of $80.47 million. MeridianLink had a negative return on equity of 9.57% and a negative net margin of 16.57%. MeridianLink's revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share. On average, research analysts forecast that MeridianLink, Inc. will post -0.35 earnings per share for the current fiscal year.

MeridianLink Company 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.