Royce & Associates LP grew its holdings in shares of MeridianLink, Inc. (NYSE:MLNK – Free Report) by 45.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,275 shares of the company’s stock after acquiring an additional 13,275 shares during the quarter. Royce & Associates LP owned 0.05% of MeridianLink worth $731,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the business. Swiss National Bank grew its holdings in shares of MeridianLink by 7.7% during the first quarter. Swiss National Bank now owns 47,600 shares of the company’s stock worth $862,000 after purchasing an additional 3,400 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of MeridianLink by 73.1% during the first quarter. JPMorgan Chase & Co. now owns 14,601 shares of the company’s stock worth $263,000 after purchasing an additional 6,164 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of MeridianLink by 65.6% during the first quarter. Bank of New York Mellon Corp now owns 58,420 shares of the company’s stock worth $1,058,000 after purchasing an additional 23,151 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of MeridianLink by 159.9% during the first quarter. MetLife Investment Management LLC now owns 13,959 shares of the company’s stock worth $253,000 after purchasing an additional 8,588 shares during the last quarter. Finally, Rhumbline Advisers bought a new stake in shares of MeridianLink during the first quarter worth about $350,000. Institutional investors and hedge funds own 15.52% of the company’s stock.
Insider Buying and Selling
In related news, insider Chris Maloof sold 4,353 shares of the stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $20.49, for a total value of $89,192.97. Following the transaction, the insider now directly owns 430,283 shares in the company, valued at approximately $8,816,498.67. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 20.10% of the stock is owned by company insiders.
MeridianLink Stock Performance
MeridianLink (NYSE:MLNK – Get Free Report) last announced its quarterly earnings data on Tuesday, August 1st. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.11). The company had revenue of $75.42 million for the quarter, compared to analyst estimates of $77.57 million. MeridianLink had a negative return on equity of 2.49% and a negative net margin of 6.53%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business earned $0.03 EPS. On average, equities analysts forecast that MeridianLink, Inc. will post -0.13 earnings per share for the current year.
Analysts Set New Price Targets
Several analysts have recently weighed in on the company. Barclays boosted their price target on MeridianLink from $15.00 to $19.00 and gave the stock an “underweight” rating in a report on Friday, July 14th. Wolfe Research cut MeridianLink from a “peer perform” rating to an “underperform” rating and set a $14.00 target price on the stock. in a report on Thursday, April 20th. TheStreet upgraded MeridianLink from a “d+” rating to a “c-” rating in a report on Friday, June 2nd. BTIG Research cut MeridianLink from a “buy” rating to a “neutral” rating in a report on Wednesday. Finally, Raymond James upped their target price on MeridianLink from $20.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $19.00.
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.
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