Renaissance Technologies LLC Purchases 76,500 Shares of MeridianLink, Inc. (NYSE:MLNK)

Renaissance Technologies LLC increased its holdings in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) by 48.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 235,500 shares of the company's stock after acquiring an additional 76,500 shares during the period. Renaissance Technologies LLC owned about 0.31% of MeridianLink worth $4,863,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of MeridianLink in the fourth quarter valued at $65,000. KLP Kapitalforvaltning AS bought a new stake in MeridianLink during the 4th quarter worth about $124,000. Proficio Capital Partners LLC bought a new stake in MeridianLink during the 4th quarter worth about $234,000. Dynamic Technology Lab Private Ltd acquired a new stake in MeridianLink in the 4th quarter valued at about $259,000. Finally, Corebridge Financial Inc. raised its stake in shares of MeridianLink by 12.8% in the fourth quarter. Corebridge Financial Inc. now owns 16,260 shares of the company's stock worth $336,000 after acquiring an additional 1,839 shares during the last quarter. 82.65% of the stock is owned by institutional investors and hedge funds.

MeridianLink Trading Down 0.2 %

NYSE MLNK traded down $0.04 on Friday, reaching $16.59. The company had a trading volume of 17,107 shares, compared to its average volume of 277,147. MeridianLink, Inc. has a 52 week low of $15.57 and a 52 week high of $25.33. The stock's 50 day moving average is $18.11 and its 200-day moving average is $20.17. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -24.72 and a beta of 0.96.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Citigroup decreased their price target on shares of MeridianLink from $24.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Raymond James decreased their price objective on MeridianLink from $28.00 to $24.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. Bank of America downgraded MeridianLink from a "buy" rating to an "underperform" rating and dropped their target price for the stock from $28.00 to $18.00 in a research report on Thursday, January 30th. Barclays decreased their price target on MeridianLink from $19.00 to $16.00 and set an "underweight" rating on the stock in a report on Monday, April 14th. Finally, William Blair restated an "outperform" rating on shares of MeridianLink in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, MeridianLink currently has a consensus rating of "Hold" and an average price target of $20.08.

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.