PDT Partners LLC Increases Stock Holdings in MeridianLink, Inc. $MLNK

Key Points

• PDT Partners LLC increased its stake in MeridianLink, Inc. by 34.7%, owning a total of 84,377 shares after purchasing 21,759 shares in the first quarter.
• In recent earnings, MeridianLink reported a loss of ($0.04) EPS, missing estimates, despite revenues rising by 7.5% year-over-year.
• Six analysts currently rate the stock with a Hold rating, while two analysts have issued a Sell rating, with an average price target of $20.07.

PDT Partners LLC lifted its position in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) by 34.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,377 shares of the company's stock after buying an additional 21,759 shares during the period. PDT Partners LLC owned approximately 0.11% of MeridianLink worth $1,564,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its stake in shares of MeridianLink by 27.9% in the 1st quarter. Victory Capital Management Inc. now owns 1,824,395 shares of the company's stock worth $33,806,000 after acquiring an additional 397,730 shares during the period. Western Standard LLC acquired a new position in MeridianLink in the 4th quarter valued at approximately $7,223,000. Norwood Investment Partners LP raised its holdings in shares of MeridianLink by 101.7% in the 1st quarter. Norwood Investment Partners LP now owns 262,927 shares of the company's stock worth $4,872,000 after buying an additional 132,557 shares in the last quarter. Nuveen LLC acquired a new stake in shares of MeridianLink in the first quarter valued at $2,127,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of MeridianLink by 12.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 986,105 shares of the company's stock valued at $20,363,000 after purchasing an additional 107,349 shares in the last quarter. Institutional investors and hedge funds own 82.65% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MLNK shares. William Blair cut shares of MeridianLink from an "outperform" rating to a "market perform" rating in a research report on Monday, August 11th. Barclays increased their price objective on shares of MeridianLink from $16.00 to $20.00 and gave the stock an "underweight" rating in a research note on Tuesday, August 12th. Raymond James Financial downgraded shares of MeridianLink from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, August 12th. Stifel Nicolaus cut their price objective on shares of MeridianLink from $20.00 to $18.00 and set a "hold" rating for the company in a research report on Tuesday, May 13th. Finally, BTIG Research cut shares of MeridianLink from a "strong-buy" rating to a "neutral" rating in a research note on Monday, August 11th. Six investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, MeridianLink presently has an average rating of "Reduce" and a consensus target price of $20.07.

MeridianLink Trading Up 0.4%

NYSE MLNK traded up $0.08 during trading hours on Monday, hitting $20.02. 172,697 shares of the company's stock were exchanged, compared to its average volume of 406,156. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 1.18. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of -69.02 and a beta of 0.93. The stock has a 50-day simple moving average of $17.82 and a 200 day simple moving average of $17.53. 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 posted its quarterly earnings results 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 company had revenue of $84.60 million during the quarter, compared to analyst estimates of $81.58 million. During the same quarter in the previous year, the business posted $0.04 earnings per share. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities analysts forecast 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.