Bank of America Corp DE Trims Holdings in MeridianLink, Inc. (NYSE:MLNK)

Bank of America Corp DE lessened its stake in MeridianLink, Inc. (NYSE:MLNK - Free Report) by 58.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,593 shares of the company's stock after selling 69,037 shares during the quarter. Bank of America Corp DE owned 0.06% of MeridianLink worth $1,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of MLNK. Victory Capital Management Inc. purchased a new position in shares of MeridianLink in the 4th quarter worth about $29,461,000. Vanguard Group Inc. raised its position in MeridianLink by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 3,266,023 shares of the company's stock worth $67,443,000 after buying an additional 310,228 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in MeridianLink by 123.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 398,389 shares of the company's stock worth $8,227,000 after buying an additional 220,240 shares during the last quarter. JPMorgan Chase & Co. raised its position in MeridianLink by 920.0% in the 4th quarter. JPMorgan Chase & Co. now owns 216,566 shares of the company's stock worth $4,472,000 after buying an additional 195,333 shares during the last quarter. Finally, CenterBook Partners LP raised its position in MeridianLink by 111.7% in the 4th quarter. CenterBook Partners LP now owns 340,287 shares of the company's stock worth $7,027,000 after buying an additional 179,570 shares during the last quarter. Hedge funds and other institutional investors own 82.65% of the company's stock.

Analyst Upgrades and Downgrades

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

MeridianLink Price Performance

MLNK stock traded up $0.12 during midday trading on Wednesday, hitting $17.72. The company's stock had a trading volume of 871,959 shares, compared to its average volume of 294,147. MeridianLink, Inc. has a 12 month low of $15.57 and a 12 month high of $25.33. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of -26.45 and a beta of 0.93. The company has a 50 day moving average of $16.71 and a two-hundred day moving average of $18.94.

MeridianLink (NYSE:MLNK - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.02). The firm had revenue of $81.49 million for the quarter, compared to the consensus estimate 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 was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 earnings per share. On average, 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.