Invesco Ltd. Buys 30,437 Shares of MeridianLink, Inc. $MLNK

Invesco Ltd. lifted its position in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) by 102.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 60,205 shares of the company's stock after acquiring an additional 30,437 shares during the period. Invesco Ltd. owned 0.08% of MeridianLink worth $1,116,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in MeridianLink by 2.4% in the first quarter. Vanguard Group Inc. now owns 3,343,896 shares of the company's stock worth $61,962,000 after purchasing an additional 77,873 shares during the period. Victory Capital Management Inc. lifted its holdings in MeridianLink by 27.9% in the first quarter. Victory Capital Management Inc. now owns 1,824,395 shares of the company's stock worth $33,806,000 after purchasing an additional 397,730 shares during the period. Dimensional Fund Advisors LP lifted its holdings in MeridianLink by 12.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 986,105 shares of the company's stock worth $20,363,000 after purchasing an additional 107,349 shares during the period. Northern Trust Corp lifted its holdings in MeridianLink by 9.8% in the fourth quarter. Northern Trust Corp now owns 480,827 shares of the company's stock worth $9,929,000 after purchasing an additional 42,877 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in MeridianLink by 24.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 469,069 shares of the company's stock valued at $9,686,000 after acquiring an additional 93,494 shares during the last quarter. Institutional investors own 82.65% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. BTIG Research downgraded shares of MeridianLink from a "strong-buy" rating to a "neutral" rating in a report on Monday, August 11th. Barclays boosted their price objective on MeridianLink from $16.00 to $20.00 and gave the stock an "underweight" rating in a report on Tuesday, August 12th. William Blair downgraded MeridianLink from an "outperform" rating to a "market perform" rating in a report on Monday, August 11th. Stifel Nicolaus cut their price objective on MeridianLink from $20.00 to $18.00 and set a "hold" rating on the stock in a report on Tuesday, May 13th. Finally, Raymond James Financial downgraded MeridianLink from a "moderate buy" rating to a "hold" rating in a report on Tuesday, August 12th. Six research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Reduce" and an average price target of $20.07.

MeridianLink Stock Down 0.2%

Shares of MLNK traded down $0.05 during trading hours on Friday, reaching $19.92. The company's stock had a trading volume of 172,588 shares, compared to its average volume of 1,385,899. The firm has a market cap 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. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 1.18. The company has a 50 day moving average of $17.82 and a two-hundred day moving average of $17.54.

MeridianLink (NYSE:MLNK - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $81.58 million. During the same quarter in the prior year, the company posted $0.04 EPS. The company's quarterly revenue was up 7.5% on a year-over-year basis. As a group, research analysts predict that MeridianLink, Inc. will post -0.35 EPS for the current fiscal 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.