UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 22,858 Shares of MeridianLink, Inc. (NYSE:MLNK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) by 46.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,440 shares of the company's stock after acquiring an additional 22,858 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.10% of MeridianLink worth $1,496,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of MeridianLink by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 3,266,023 shares of the company's stock worth $67,443,000 after acquiring an additional 310,228 shares in the last quarter. Victory Capital Management Inc. bought a new position in MeridianLink in the 4th quarter valued at about $29,461,000. Dimensional Fund Advisors LP boosted its position in shares of MeridianLink by 12.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 986,105 shares of the company's stock valued at $20,363,000 after buying an additional 107,349 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of MeridianLink by 11.4% in the 4th quarter. Geode Capital Management LLC now owns 672,526 shares of the company's stock worth $13,890,000 after acquiring an additional 69,083 shares in the last quarter. Finally, Northern Trust Corp increased its stake in MeridianLink by 9.8% in the 4th quarter. Northern Trust Corp now owns 480,827 shares of the company's stock valued at $9,929,000 after buying an additional 42,877 shares during the last quarter. 82.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MLNK has been the subject of a number of research reports. Raymond James reduced their target price on shares of MeridianLink from $28.00 to $24.00 and set an "outperform" rating for the company in a research report on Friday, March 7th. Barclays reduced their target price on shares of MeridianLink from $19.00 to $16.00 and set an "underweight" rating for the company in a research note on Monday, April 14th. Citigroup lowered 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. Stifel Nicolaus dropped 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, William Blair reaffirmed 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 assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $19.42.

MeridianLink Price Performance

Shares of NYSE MLNK traded down $0.80 during trading hours on Thursday, reaching $16.96. 640,129 shares of the stock traded hands, compared to its average volume of 295,526. The company's 50-day simple moving average is $16.71 and its two-hundred day simple moving average is $18.94. The company has a market capitalization of $1.31 billion, a P/E ratio of -25.31 and a beta of 0.93. MeridianLink, Inc. has a 52-week low of $15.57 and a 52-week high of $25.33. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11.

MeridianLink (NYSE:MLNK - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.09 earnings per share 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 during the quarter, compared to the consensus estimate of $80.47 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The company's revenue was up 4.7% compared to the same quarter last year. Equities research analysts forecast that MeridianLink, Inc. will post -0.35 EPS for the current year.

MeridianLink Company 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.