MeridianLink, Inc. (NYSE:MLNK) Shares Sold by Thoma Bravo L.P.

Thoma Bravo L.P. cut its stake in MeridianLink, Inc. (NYSE:MLNK - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,932,388 shares of the company's stock after selling 650,000 shares during the period. MeridianLink comprises approximately 10.7% of Thoma Bravo L.P.'s portfolio, making the stock its 3rd largest position. Thoma Bravo L.P. owned approximately 38.31% of MeridianLink worth $597,454,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in MeridianLink in the 4th quarter valued at $65,000. Summit Investment Advisors Inc. raised its stake in shares of MeridianLink by 32.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company's stock worth $71,000 after purchasing an additional 830 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of MeridianLink during the fourth quarter worth $124,000. Millennium Management LLC purchased a new position in MeridianLink during the 4th quarter worth $201,000. Finally, Proficio Capital Partners LLC purchased a new stake in MeridianLink in the 4th quarter valued at approximately $234,000. Institutional investors and hedge funds own 82.65% of the company's stock.

MeridianLink Trading Down 0.6%

Shares of NYSE MLNK traded down $0.10 on Friday, reaching $15.98. 72,404 shares of the company traded hands, compared to its average volume of 277,498. MeridianLink, Inc. has a fifty-two week low of $15.57 and a fifty-two week 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 company has a 50 day moving average of $17.29 and a 200 day moving average of $19.56. The stock has a market capitalization of $1.23 billion, a PE ratio of -23.86 and a beta of 0.97.

MeridianLink (NYSE:MLNK - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $81.49 million for the quarter, compared to analyst estimates of $80.47 million. During the same period last year, the company posted $0.06 EPS. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities research analysts forecast that MeridianLink, Inc. will post -0.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Raymond James reduced their price target on MeridianLink from $28.00 to $24.00 and set an "outperform" rating for the company in a report on Friday, March 7th. Barclays lowered their price target on shares of MeridianLink from $19.00 to $16.00 and set an "underweight" rating on the stock in a research note on Monday, April 14th. Stifel Nicolaus reduced their price objective on shares of MeridianLink from $20.00 to $18.00 and set a "hold" rating for the company in a research note on Tuesday, May 13th. Bank of America lowered shares of MeridianLink from a "buy" rating to an "underperform" rating and lowered their target price for the stock from $28.00 to $18.00 in a research report on Thursday, January 30th. Finally, Citigroup decreased their price target on MeridianLink from $24.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, MeridianLink currently has an average rating of "Hold" and an average target price of $19.42.

About MeridianLink

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.