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

GAMMA Investing LLC lifted its stake in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) by 3,916.8% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 20,124 shares of the company's stock after buying 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.

A number of other hedge funds also recently modified their holdings of MLNK. Quantbot Technologies LP acquired a new stake in MeridianLink in the 4th quarter worth about $65,000. Summit Investment Advisors Inc. raised its stake in MeridianLink by 32.0% in 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 acquired a new stake in MeridianLink in the 4th quarter worth about $124,000. Millennium Management LLC acquired a new stake in MeridianLink in the 4th quarter worth about $201,000. Finally, Woodline Partners LP acquired a new stake in MeridianLink in the 4th quarter worth about $219,000. Institutional investors and hedge funds own 82.65% of the company's stock.

MeridianLink Price Performance

Shares of MeridianLink stock traded down $0.22 during midday trading on Friday, hitting $15.79. 339,708 shares of the company traded hands, compared to its average volume of 297,348. MeridianLink, Inc. has a 12 month low of $15.49 and a 12 month high of $25.33. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.22 and a current ratio of 2.22. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of -41.56 and a beta of 0.93. The firm's fifty day moving average price is $16.65 and its 200-day moving average price is $18.60.

MeridianLink (NYSE:MLNK - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.02). MeridianLink had a negative return on equity of 5.14% and a negative net margin of 9.11%. The business had revenue of $81.49 million for the quarter, compared to the consensus estimate of $80.47 million. During the same period in the previous year, the firm earned $0.06 earnings per share. The company's revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts forecast that MeridianLink, Inc. will post -0.35 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MLNK. Citigroup dropped their price objective on shares of MeridianLink from $24.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. William Blair reiterated an "outperform" rating on shares of MeridianLink in a research note on Friday, March 7th. Raymond James Financial decreased their target price on shares of MeridianLink from $28.00 to $24.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. UBS Group decreased their target price on shares of MeridianLink from $25.50 to $20.50 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Finally, Barclays decreased their target price on shares of MeridianLink from $19.00 to $16.00 and set an "underweight" rating on the stock in a report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $19.42.

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.