The Manufacturers Life Insurance Company Has $346,000 Stock Holdings in MeridianLink, Inc. (NYSE:MLNK)

The Manufacturers Life Insurance Company increased its stake in MeridianLink, Inc. (NYSE:MLNK) by 10.1% in the second quarter, Holdings Channel.com reports. The firm owned 16,218 shares of the company’s stock after purchasing an additional 1,490 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in MeridianLink were worth $346,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MLNK. nVerses Capital LLC bought a new position in MeridianLink in the second quarter valued at approximately $41,000. Russell Investments Group Ltd. grew its holdings in MeridianLink by 26.4% during the first quarter. Russell Investments Group Ltd. now owns 15,430 shares of the company’s stock worth $289,000 after purchasing an additional 3,226 shares during the period. Capstone Investment Advisors LLC acquired a new position in MeridianLink during the first quarter worth approximately $325,000. Squarepoint Ops LLC bought a new stake in MeridianLink in the second quarter valued at approximately $336,000. Finally, XTX Topco Ltd acquired a new position in shares of MeridianLink during the 2nd quarter worth approximately $360,000. 82.65% of the stock is owned by institutional investors and hedge funds.

MeridianLink Stock Up 0.0 %

MLNK stock opened at $21.38 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. The company has a market cap of $1.64 billion, a PE ratio of -39.59 and a beta of 1.00. The business has a 50-day simple moving average of $22.12 and a 200 day simple moving average of $20.63. MeridianLink, Inc. has a 52 week low of $14.89 and a 52 week high of $25.88.

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

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Stifel Nicolaus upped their price objective on shares of MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a report on Friday, August 9th. Barclays increased their price objective on MeridianLink from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Friday, August 9th. Finally, UBS Group upped their price target on shares of MeridianLink from $17.00 to $18.00 and gave the company a “sell” rating in a research note on Tuesday, August 13th. 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. Based on data from MarketBeat, MeridianLink currently has a consensus rating of “Hold” and an average target price of $20.60.

Insider Buying and Selling

In related news, major shareholder Thoma Bravo Ugp, Llc sold 6,000,000 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $21.05, for a total value of $126,300,000.00. Following the completion of the sale, the insider now directly owns 29,582,388 shares in the company, valued at $622,709,267.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 21.30% 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.