MeridianLink, Inc. $MLNK Shares Sold by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. has reduced its stake in MeridianLink, Inc. by 50.6%, now owning 231,620 shares valued at approximately $4.29 million.
• Multiple hedge funds, including AQR Capital Management and PDT Partners LLC, have also adjusted their positions in MeridianLink, indicating significant interest from institutional investors, with hedge funds owning about 82.65% of the stock.
• MeridianLink reported a loss of ($0.04) EPS for the last quarter, missing estimates by ($0.13), while its revenues increased by 7.5% year-over-year to $84.60 million.

Jacobs Levy Equity Management Inc. lowered its stake in MeridianLink, Inc. (NYSE:MLNK - Free Report) by 50.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 231,620 shares of the company's stock after selling 237,449 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.30% of MeridianLink worth $4,292,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of MeridianLink by 1,606.0% in the first 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 in the last quarter. New York State Common Retirement Fund boosted its stake in shares of MeridianLink by 39.1% in the first 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 in the last quarter. Millennium Management LLC purchased a new stake in shares of MeridianLink in the fourth quarter valued at approximately $201,000. AQR Capital Management LLC purchased a new stake in shares of MeridianLink in the first quarter valued at approximately $194,000. Finally, Woodline Partners LP purchased a new stake in shares of MeridianLink in the fourth quarter valued at approximately $219,000. 82.65% of the stock is currently owned by hedge funds and other institutional investors.

MeridianLink Price Performance

MLNK traded down $0.02 during trading on Friday, reaching $19.92. 198,284 shares of the stock were exchanged, compared to its average volume of 339,683. The business's 50 day moving average price is $18.12 and its two-hundred day moving average price is $17.58. 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 company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -68.67 and a beta of 0.93. MeridianLink, Inc. has a 1 year low of $15.49 and a 1 year high of $25.33.

MeridianLink (NYSE:MLNK - Get Free Report) last issued its quarterly earnings data 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 net margin of 6.90% and a negative return on equity of 4.50%. The company had revenue of $84.60 million during the quarter, compared to analysts' expectations of $81.58 million. During the same quarter in the prior year, the company earned $0.04 earnings per share. The firm's revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts anticipate that MeridianLink, Inc. will post -0.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Raymond James Financial downgraded MeridianLink from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, August 12th. BTIG Research downgraded MeridianLink from a "strong-buy" rating to a "neutral" rating in a research note on Monday, August 11th. Barclays lifted their price target on MeridianLink from $16.00 to $20.00 and gave the company an "underweight" rating in a research note on Tuesday, August 12th. Finally, William Blair downgraded MeridianLink from an "outperform" rating to a "market perform" rating in a research note on Monday, August 11th. Six 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, MeridianLink has a consensus rating of "Reduce" and a consensus target price of $20.07.

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.