Bank of America Corp DE Sells 69,037 Shares of MeridianLink, Inc. (NYSE:MLNK)

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

Other large investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in MeridianLink in the fourth quarter worth approximately $65,000. Summit Investment Advisors Inc. boosted its holdings in shares of 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 buying an additional 830 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of MeridianLink during the 4th quarter worth $124,000. Proficio Capital Partners LLC bought a new stake in shares of MeridianLink during the 4th quarter worth $234,000. Finally, Tower Research Capital LLC TRC boosted 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 period. 82.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of MeridianLink from $20.00 to $18.00 and set a "hold" rating for the company in a report on Tuesday, May 13th. Raymond James decreased their price objective on shares of MeridianLink from $28.00 to $24.00 and set an "outperform" rating for the company in a report on Friday, March 7th. Barclays decreased their price objective on shares of MeridianLink from $19.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, April 14th. William Blair reaffirmed an "outperform" rating on shares of MeridianLink in a report on Friday, March 7th. Finally, Citigroup decreased their price objective on shares of MeridianLink from $24.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, March 7th. 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 data from MarketBeat.com, MeridianLink presently has a consensus rating of "Hold" and an average target price of $19.42.

MeridianLink Price Performance

NYSE:MLNK opened at $17.05 on Friday. The stock has a market cap of $1.32 billion, a P/E ratio of -25.44 and a beta of 0.93. MeridianLink, Inc. has a one year low of $15.57 and a one year high of $25.33. The company has a fifty day moving average price of $16.71 and a 200 day moving average price of $19.02. 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 released its earnings results on Monday, May 12th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The company had revenue of $81.49 million for the quarter, compared to analyst estimates of $80.47 million. MeridianLink had a negative net margin of 16.57% and a negative return on equity of 9.57%. MeridianLink'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 company earned $0.06 earnings per share. Analysts anticipate that MeridianLink, Inc. will post -0.35 earnings per share for the current year.

About MeridianLink

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.

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