Jane Street Group LLC Sells 31,148 Shares of MeridianLink, Inc. (NYSE:MLNK)

Jane Street Group LLC decreased its position in MeridianLink, Inc. (NYSE:MLNK - Free Report) by 62.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,849 shares of the company's stock after selling 31,148 shares during the period. Jane Street Group LLC's holdings in MeridianLink were worth $389,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its position in MeridianLink by 5.0% during the 4th quarter. Russell Investments Group Ltd. now owns 16,704 shares of the company's stock valued at $345,000 after purchasing an additional 802 shares during the period. Summit Investment Advisors Inc. lifted its holdings in MeridianLink by 32.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company's stock valued at $71,000 after buying an additional 830 shares during the period. Legal & General Group Plc boosted its stake in MeridianLink by 3.3% in the fourth quarter. Legal & General Group Plc now owns 30,905 shares of the company's stock valued at $638,000 after acquiring an additional 987 shares during the last quarter. Corebridge Financial Inc. grew its holdings in MeridianLink by 12.8% during the 4th quarter. Corebridge Financial Inc. now owns 16,260 shares of the company's stock worth $336,000 after acquiring an additional 1,839 shares during the period. Finally, MetLife Investment Management LLC grew its holdings in MeridianLink by 15.7% during the 4th quarter. MetLife Investment Management LLC now owns 19,131 shares of the company's stock worth $395,000 after acquiring an additional 2,591 shares during the period. 82.65% of the stock is currently owned by institutional investors and hedge funds.

MeridianLink Stock Up 1.9%

Shares of NYSE MLNK traded up $0.31 during mid-day trading on Wednesday, reaching $16.91. 1,639,622 shares of the company's stock were exchanged, compared to its average volume of 290,181. MeridianLink, Inc. has a twelve month low of $15.57 and a twelve month high of $25.33. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -25.24 and a beta of 0.93. The business has a fifty day simple moving average of $16.78 and a 200 day simple moving average of $19.11.

MeridianLink (NYSE:MLNK - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). MeridianLink had a negative return on equity of 9.57% and a negative net margin of 16.57%. The company had revenue of $81.49 million for the quarter, compared to analyst estimates of $80.47 million. During the same quarter last year, the business posted $0.06 earnings per share. The business's quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities analysts expect that MeridianLink, Inc. will post -0.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MLNK. Raymond James cut their price target on MeridianLink from $28.00 to $24.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Barclays reduced their target price on MeridianLink from $19.00 to $16.00 and set an "underweight" rating on the stock in a report on Monday, April 14th. UBS Group decreased their target price on MeridianLink from $25.50 to $20.50 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Citigroup cut their price target on shares of MeridianLink from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Finally, William Blair reiterated an "outperform" rating on shares of MeridianLink in a report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $19.42.

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.