Counterpoint Mutual Funds LLC Acquires New Shares in MeridianLink, Inc. (NYSE:MLNK)

Counterpoint Mutual Funds LLC acquired a new stake in MeridianLink, Inc. (NYSE:MLNK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,609 shares of the company’s stock, valued at approximately $384,000.

Several other hedge funds have also recently bought and sold shares of MLNK. Victory Capital Management Inc. purchased a new position in MeridianLink during the fourth quarter worth $29,461,000. Polar Asset Management Partners Inc. purchased a new position in MeridianLink during the third quarter worth $8,598,000. Maven Securities LTD purchased a new position in MeridianLink during the third quarter worth $5,377,000. State Street Corp increased its position in MeridianLink by 20.7% during the third quarter. State Street Corp now owns 667,201 shares of the company’s stock worth $13,724,000 after buying an additional 114,578 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in MeridianLink by 12.2% during the third quarter. Geode Capital Management LLC now owns 603,443 shares of the company’s stock worth $12,415,000 after buying an additional 65,834 shares in the last quarter. 82.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. William Blair reaffirmed an “outperform” rating on shares of MeridianLink in a research report on Friday, March 7th. UBS Group lowered their price objective on MeridianLink from $25.50 to $20.50 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Citigroup lowered their price objective on MeridianLink from $24.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Bank of America downgraded MeridianLink from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $28.00 to $18.00 in a research report on Thursday, January 30th. Finally, Barclays lowered their price objective on MeridianLink from $20.00 to $19.00 and set an “underweight” rating for the company in a research report on Friday, March 7th. Two equities 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 MarketBeat.com, MeridianLink has an average rating of “Hold” and an average price target of $20.58.

Insider Activity at MeridianLink

In other MeridianLink news, CEO Nicolaas Vlok sold 71,598 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $21.17, for a total transaction of $1,515,729.66. Following the transaction, the chief executive officer now owns 1,043,382 shares in the company, valued at $22,088,396.94. The trade was a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 21.30% of the stock is owned by insiders.

MeridianLink Price Performance

Shares of MeridianLink stock opened at $19.30 on Tuesday. MeridianLink, Inc. has a twelve month low of $16.49 and a twelve month high of $25.33. The stock has a market capitalization of $1.46 billion, a P/E ratio of -28.80 and a beta of 1.01. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11. The business’s fifty day moving average price is $19.30 and its 200 day moving average price is $21.18.

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.