Jacobs Levy Equity Management Inc. Purchases 93,494 Shares of MeridianLink, Inc. (NYSE:MLNK)

Jacobs Levy Equity Management Inc. lifted its stake in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) by 24.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 469,069 shares of the company's stock after acquiring an additional 93,494 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.62% of MeridianLink worth $9,686,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in shares of MeridianLink during the fourth quarter valued at about $65,000. Summit Investment Advisors Inc. raised its position in shares of MeridianLink by 32.0% in the 4th 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 purchased a new position in shares of MeridianLink in the 4th quarter worth about $124,000. Proficio Capital Partners LLC purchased a new position in shares of MeridianLink in the 4th quarter worth about $234,000. Finally, Tower Research Capital LLC TRC raised its position in shares of MeridianLink by 73.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 12,311 shares of the company's stock worth $254,000 after purchasing an additional 5,200 shares during the last quarter. 82.65% of the stock is owned by institutional investors.

MeridianLink Price Performance

Shares of MLNK traded down $0.17 during mid-day trading on Friday, hitting $17.08. 184,091 shares of the stock were exchanged, compared to its average volume of 279,548. The firm has a 50-day moving average of $17.52 and a two-hundred day moving average of $19.69. The company has a market cap of $1.32 billion, a PE ratio of -25.49 and a beta of 0.97. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86. MeridianLink, Inc. has a 52-week low of $15.57 and a 52-week high of $25.33.

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

Analyst Ratings Changes

MLNK has been the subject of several recent analyst reports. Barclays lowered their price target on MeridianLink from $19.00 to $16.00 and set an "underweight" rating for the company in a research report on Monday, April 14th. Citigroup cut their price target on MeridianLink from $24.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Raymond James cut their price objective on MeridianLink from $28.00 to $24.00 and set an "outperform" rating for the company in a research note on Friday, March 7th. William Blair reiterated an "outperform" rating on shares of MeridianLink in a research note on Friday, March 7th. Finally, Stifel Nicolaus lowered their price target on MeridianLink from $20.00 to $18.00 and set a "hold" rating on the stock in a report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently 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.