GAMMA Investing LLC Has $373,000 Stock Holdings in MeridianLink, Inc. (NYSE:MLNK)

GAMMA Investing LLC lifted its stake in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) by 3,916.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,124 shares of the company's stock after purchasing an additional 19,623 shares during the quarter. GAMMA Investing LLC's holdings in MeridianLink were worth $373,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Russell Investments Group Ltd. lifted its position in MeridianLink by 5.0% during the fourth quarter. Russell Investments Group Ltd. now owns 16,704 shares of the company's stock worth $345,000 after purchasing an additional 802 shares during the period. Summit Investment Advisors Inc. raised its position in shares of MeridianLink by 32.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company's stock valued at $71,000 after buying an additional 830 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of MeridianLink by 3.3% during the 4th quarter. Legal & General Group Plc now owns 30,905 shares of the company's stock worth $638,000 after acquiring an additional 987 shares during the period. Corebridge Financial Inc. lifted its holdings in shares of MeridianLink by 12.8% during the 4th quarter. Corebridge Financial Inc. now owns 16,260 shares of the company's stock worth $336,000 after acquiring an additional 1,839 shares during the period. Finally, MetLife Investment Management LLC boosted its position in shares of MeridianLink by 15.7% during the 4th quarter. MetLife Investment Management LLC now owns 19,131 shares of the company's stock worth $395,000 after acquiring an additional 2,591 shares in the last quarter. 82.65% of the stock is owned by institutional investors and hedge funds.

MeridianLink Trading Up 1.8%

Shares of NYSE:MLNK traded up $0.29 during mid-day trading on Tuesday, reaching $16.60. 233,975 shares of the company's stock were exchanged, compared to its average volume of 295,674. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.22 and a current ratio of 2.22. MeridianLink, Inc. has a twelve month low of $15.49 and a twelve month high of $25.33. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -43.68 and a beta of 0.93. The business's fifty day moving average price is $16.64 and its 200-day moving average price is $18.49.

MeridianLink (NYSE:MLNK - Get Free Report) last released its quarterly 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 company had revenue of $81.49 million during the quarter, compared to the consensus estimate of $80.47 million. MeridianLink had a negative net margin of 9.11% and a negative return on equity of 5.14%. The company's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS. On average, research analysts predict that MeridianLink, Inc. will post -0.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Barclays lowered their price objective 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. Raymond James Financial dropped their target price 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. UBS Group reduced their price target on shares of MeridianLink from $25.50 to $20.50 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Citigroup lowered their price objective 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. Finally, William Blair restated an "outperform" rating on shares of MeridianLink in a research report on Friday, March 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average 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.