18,619 Shares in MeridianLink, Inc. $MLNK Purchased by Inspire Investing LLC

Key Points

• Inspire Investing LLC has invested approximately $345,000 in MeridianLink, Inc. by acquiring 18,619 shares in the 1st quarter, as reported in their recent SEC filing.
• MeridianLink's latest earnings report revealed a loss of ($0.04) per share, missing the consensus estimate by ($0.13), despite revenue increasing by 7.5% year-over-year.
• Several research analysts have downgraded MeridianLink's stock ratings recently, with a consensus rating of "Reduce" and an average price target of $20.07.

Inspire Investing LLC acquired a new position in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,619 shares of the company's stock, valued at approximately $345,000.

Other hedge funds have also modified their holdings of the company. State of Wyoming boosted its holdings in shares of MeridianLink by 7.1% in the 1st quarter. State of Wyoming now owns 28,930 shares of the company's stock valued at $536,000 after purchasing an additional 1,915 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of MeridianLink by 39.1% during the 1st quarter. New York State Common Retirement Fund now owns 9,257 shares of the company's stock valued at $172,000 after buying an additional 2,600 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of MeridianLink by 1,606.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,521 shares of the company's stock valued at $84,000 after buying an additional 4,256 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in MeridianLink by 24.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 23,753 shares of the company's stock worth $490,000 after purchasing an additional 4,694 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in MeridianLink by 8.2% in the 1st quarter. Bank of New York Mellon Corp now owns 76,824 shares of the company's stock worth $1,424,000 after purchasing an additional 5,854 shares during the last quarter. 82.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Barclays upped their price target on shares of MeridianLink from $16.00 to $20.00 and gave the stock an "underweight" rating in a research note on Tuesday, August 12th. William Blair lowered shares of MeridianLink from an "outperform" rating to a "market perform" rating in a research note on Monday, August 11th. Raymond James Financial lowered shares of MeridianLink from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, August 12th. Finally, BTIG Research lowered shares of MeridianLink from a "strong-buy" rating to a "neutral" rating in a research note on Monday, August 11th. Six investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus price target of $20.07.

MeridianLink Stock Performance

NYSE MLNK traded up $0.01 on Friday, hitting $19.97. 1,821,659 shares of the stock were exchanged, compared to its average volume of 354,595. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.01 and a quick ratio of 2.01. The business's fifty day moving average is $18.44 and its 200 day moving average is $17.65. MeridianLink, Inc. has a 52 week low of $15.49 and a 52 week high of $25.22. The company has a market capitalization of $1.48 billion, a PE ratio of -68.86 and a beta of 0.93.

MeridianLink (NYSE:MLNK - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.13). MeridianLink had a negative return on equity of 4.50% and a negative net margin of 6.90%.The firm had revenue of $84.60 million for the quarter, compared to the consensus estimate of $81.58 million. During the same period last year, the company posted $0.04 earnings per share. The business's revenue was up 7.5% compared to the same quarter last year. Research analysts anticipate that MeridianLink, Inc. will post -0.35 EPS 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.