XTX Topco Ltd Buys Shares of 16,850 MeridianLink, Inc. (NYSE:MLNK)

XTX Topco Ltd purchased a new position in shares of MeridianLink, Inc. (NYSE:MLNK) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 16,850 shares of the company’s stock, valued at approximately $360,000.

A number of other institutional investors have also modified their holdings of MLNK. Jacobs Levy Equity Management Inc. lifted its holdings in MeridianLink by 10.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 263,525 shares of the company’s stock worth $4,928,000 after buying an additional 25,906 shares in the last quarter. SG Capital Management LLC purchased a new stake in shares of MeridianLink during the first quarter worth $2,117,000. Vanguard Group Inc. raised its stake in shares of MeridianLink by 32.8% in the first quarter. Vanguard Group Inc. now owns 2,756,231 shares of the company’s stock valued at $51,542,000 after acquiring an additional 680,872 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in MeridianLink by 11.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,147 shares of the company’s stock valued at $2,228,000 after purchasing an additional 12,472 shares during the period. Finally, Gibson Capital LLC acquired a new position in MeridianLink during the 4th quarter worth $2,008,000. 82.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MLNK. UBS Group lifted their price objective on MeridianLink from $17.00 to $18.00 and gave the company a “sell” rating in a research note on Tuesday, August 13th. Stifel Nicolaus lifted their price target on shares of MeridianLink from $18.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Finally, Barclays increased their price objective on shares of MeridianLink from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Friday, August 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, MeridianLink has an average rating of “Hold” and an average price target of $20.60.

MeridianLink Stock Performance

Shares of MeridianLink stock opened at $22.93 on Friday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.06. MeridianLink, Inc. has a 52 week low of $14.89 and a 52 week high of $25.88. The firm’s 50 day moving average is $22.83 and its two-hundred day moving average is $20.37. The firm has a market capitalization of $1.74 billion, a P/E ratio of -42.45 and a beta of 1.01.

MeridianLink (NYSE:MLNK) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.04). MeridianLink had a negative return on equity of 7.62% and a negative net margin of 15.16%. The company had revenue of $78.70 million for the quarter, compared to analyst estimates of $78.08 million. During the same quarter in the prior year, the business earned ($0.06) earnings per share. MeridianLink’s revenue was up 4.4% compared to the same quarter last year. Research analysts forecast that MeridianLink, Inc. will post -0.27 EPS for the current fiscal 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.