MeridianLink, Inc. (NYSE:MLNK) is Park West Asset Management LLC's 7th Largest Position

Park West Asset Management LLC decreased its position in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) by 25.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,371,118 shares of the company's stock after selling 827,355 shares during the quarter. MeridianLink accounts for approximately 3.9% of Park West Asset Management LLC's portfolio, making the stock its 7th largest holding. Park West Asset Management LLC owned 3.14% of MeridianLink worth $48,964,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MLNK. Quantbot Technologies LP acquired a new position in shares of MeridianLink during the 4th quarter worth approximately $65,000. Summit Investment Advisors Inc. grew its position in shares of 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 purchasing an additional 830 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of MeridianLink during the fourth quarter worth about $124,000. Proficio Capital Partners LLC acquired a new position in shares of MeridianLink during the 4th quarter worth about $234,000. Finally, Tower Research Capital LLC TRC lifted its stake in MeridianLink by 73.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 12,311 shares of the company's stock valued at $254,000 after buying an additional 5,200 shares in the last quarter. 82.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MLNK. Citigroup reduced their target price on MeridianLink from $24.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, March 7th. William Blair restated an "outperform" rating on shares of MeridianLink in a report on Friday, March 7th. Raymond James lowered their price target on shares of MeridianLink from $28.00 to $24.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. UBS Group cut their price objective on shares of MeridianLink from $25.50 to $20.50 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Finally, Barclays lowered 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. Two 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $20.08.

MeridianLink Trading Up 0.5 %

MLNK stock traded up $0.09 during midday trading on Friday, hitting $16.68. 134,830 shares of the company's stock were exchanged, compared to its average volume of 277,054. MeridianLink, Inc. has a 1-year low of $15.57 and a 1-year high of $25.33. The business has a 50-day simple moving average of $17.92 and a two-hundred day simple moving average of $20.04. The stock has a market capitalization of $1.29 billion, a PE ratio of -24.90 and a beta of 0.96. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11.

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.