38,227 Shares in MeridianLink, Inc. (NYSE:MLNK) Bought by Mackenzie Financial Corp

Mackenzie Financial Corp acquired a new position in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 38,227 shares of the company's stock, valued at approximately $708,000.

Other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in shares of MeridianLink by 27.9% in the first quarter. Victory Capital Management Inc. now owns 1,824,395 shares of the company's stock valued at $33,806,000 after buying an additional 397,730 shares during the period. Western Standard LLC bought a new stake in shares of MeridianLink in the fourth quarter valued at approximately $7,223,000. Vanguard Group Inc. boosted its stake in shares of MeridianLink by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 3,266,023 shares of the company's stock valued at $67,443,000 after buying an additional 310,228 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of MeridianLink by 920.0% in the fourth quarter. JPMorgan Chase & Co. now owns 216,566 shares of the company's stock valued at $4,472,000 after buying an additional 195,333 shares during the period. Finally, CenterBook Partners LP boosted its stake in shares of MeridianLink by 111.7% in the fourth quarter. CenterBook Partners LP now owns 340,287 shares of the company's stock valued at $7,027,000 after buying an additional 179,570 shares during the period. Institutional investors own 82.65% of the company's stock.

Analyst Upgrades and Downgrades

MLNK has been the subject of several recent research reports. Barclays cut their price target on MeridianLink from $19.00 to $16.00 and set an "underweight" rating for the company in a research note on Monday, April 14th. Stifel Nicolaus cut their price target on MeridianLink from $20.00 to $18.00 and set a "hold" rating for the company in a research note on Tuesday, May 13th. Finally, BTIG Research upgraded MeridianLink to a "strong-buy" rating and set a $20.00 price target for the company in a research note on Friday, August 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $19.50.

MeridianLink Price Performance

NYSE MLNK traded down $0.12 on Friday, hitting $15.91. 289,606 shares of the company's stock were exchanged, compared to its average volume of 210,839. The stock has a 50-day moving average of $16.49 and a 200-day moving average of $17.49. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 1.07. MeridianLink, Inc. has a 52 week low of $15.49 and a 52 week high of $25.33. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -41.87 and a beta of 0.91.

MeridianLink (NYSE:MLNK - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate 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 quarter in the previous year, the company earned $0.06 earnings per share. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. Analysts expect that MeridianLink, Inc. will post -0.35 earnings per share for the current year.

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.