Inspire Investing LLC Invests $345,000 in MeridianLink, Inc. $MLNK

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 bought a new position in MeridianLink, Inc. (NYSE:MLNK - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 18,619 shares of the company's stock, valued at approximately $345,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of MeridianLink by 2.4% in the first quarter. Vanguard Group Inc. now owns 3,343,896 shares of the company's stock valued at $61,962,000 after acquiring an additional 77,873 shares during the period. Park West Asset Management LLC grew its position in MeridianLink by 9.6% in the first quarter. Park West Asset Management LLC now owns 2,599,087 shares of the company's stock worth $48,161,000 after acquiring an additional 227,969 shares in the last quarter. Victory Capital Management Inc. raised its position in MeridianLink by 27.9% during the first quarter. Victory Capital Management Inc. now owns 1,824,395 shares of the company's stock valued at $33,806,000 after purchasing an additional 397,730 shares in the last quarter. Northern Trust Corp lifted its stake in MeridianLink by 7.4% during the first quarter. Northern Trust Corp now owns 516,519 shares of the company's stock worth $9,571,000 after purchasing an additional 35,692 shares during the last quarter. Finally, Western Standard LLC bought a new position in shares of MeridianLink during the 4th quarter valued at about $7,223,000. 82.65% of the stock is owned by institutional investors.

MeridianLink Trading Down 0.1%

NYSE:MLNK opened at $19.89 on Tuesday. MeridianLink, Inc. has a 12 month low of $15.49 and a 12 month high of $25.33. The company has a 50 day simple moving average of $18.18 and a two-hundred day simple moving average of $17.60. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 1.18. The company has a market cap of $1.47 billion, a PE ratio of -68.59 and a beta of 0.93.

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

Analysts Set New Price Targets

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

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.

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