Vanguard Group Inc. Has $35 Million Stock Holdings in MeridianLink, Inc. (NYSE:MLNK)

Vanguard Group Inc. cut its holdings in MeridianLink, Inc. (NYSE:MLNK - Free Report) by 18.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,051,446 shares of the company's stock after selling 461,985 shares during the quarter. Vanguard Group Inc. owned 2.60% of MeridianLink worth $34,998,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. UBS Group AG increased its holdings in shares of MeridianLink by 610.4% in the 3rd quarter. UBS Group AG now owns 1,705 shares of the company's stock worth $28,000 after buying an additional 1,465 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in MeridianLink by 81.3% during the first quarter. Ameritas Investment Partners Inc. now owns 1,759 shares of the company's stock worth $32,000 after acquiring an additional 789 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in MeridianLink by 261.8% during the third quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company's stock worth $37,000 after acquiring an additional 1,665 shares during the last quarter. Ensign Peak Advisors Inc purchased a new stake in MeridianLink during the third quarter valued at approximately $44,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of MeridianLink by 196.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,416 shares of the company's stock valued at $75,000 after purchasing an additional 2,926 shares during the last quarter. Institutional investors own 82.65% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on MLNK. Barclays dropped their price target on shares of MeridianLink from $23.00 to $20.00 and set an "underweight" rating for the company in a research note on Thursday, March 7th. William Blair reiterated an "outperform" rating on shares of MeridianLink in a research note on Wednesday, March 6th. Wolfe Research raised MeridianLink from an "underperform" rating to a "peer perform" rating in a research report on Thursday, February 8th. Citigroup cut their price target on shares of MeridianLink from $23.50 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 6th. Finally, Stifel Nicolaus reduced their price target on MeridianLink from $20.00 to $18.00 and set a "hold" rating on the stock in a report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $18.67.

MeridianLink Price Performance

Shares of NYSE MLNK traded down $0.17 during trading on Thursday, hitting $17.59. 166,711 shares of the company were exchanged, compared to its average volume of 225,980. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.23 and a quick ratio of 2.23. MeridianLink, Inc. has a 1 year low of $13.62 and a 1 year high of $25.88. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -32.57 and a beta of 0.91. The firm's fifty day moving average price is $18.78 and its 200 day moving average price is $19.75.

MeridianLink (NYSE:MLNK - Get Free Report) last released its quarterly earnings results on Tuesday, March 5th. The company reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.23). MeridianLink had a negative return on equity of 6.77% and a negative net margin of 14.01%. The firm had revenue of $74.60 million during the quarter, compared to analyst estimates of $74.61 million. During the same quarter in the prior year, the company earned ($0.05) EPS. The business's revenue was up 5.8% on a year-over-year basis. On average, sell-side analysts expect that MeridianLink, Inc. will post -0.02 earnings per share for the current fiscal year.

Insider Activity at MeridianLink

In other news, Director Timothy Nguyen sold 1,657,246 shares of MeridianLink stock in a transaction on Friday, February 9th. The stock was sold at an average price of $18.29, for a total value of $30,311,029.34. Following the completion of the sale, the director now owns 1,014,526 shares of the company's stock, valued at $18,555,680.54. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 20.10% of the stock is currently owned by corporate insiders.

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.