11,224 Shares in MeridianLink, Inc. (NYSE:MLNK) Purchased by SG Americas Securities LLC

SG Americas Securities LLC purchased a new position in shares of MeridianLink, Inc. (NYSE:MLNK) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,224 shares of the company’s stock, valued at approximately $231,000.

Other large investors have also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. boosted its position in MeridianLink by 10.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 263,525 shares of the company’s stock valued at $4,928,000 after buying an additional 25,906 shares during the period. SG Capital Management LLC purchased a new stake in MeridianLink in the 1st quarter valued at about $2,117,000. Vanguard Group Inc. boosted its position in MeridianLink by 32.8% in the 1st quarter. Vanguard Group Inc. now owns 2,756,231 shares of the company’s stock valued at $51,542,000 after buying an additional 680,872 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in MeridianLink by 11.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,147 shares of the company’s stock valued at $2,228,000 after buying an additional 12,472 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of MeridianLink by 23.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 797,074 shares of the company’s stock valued at $17,026,000 after purchasing an additional 150,712 shares in the last quarter. 82.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Thoma Bravo Ugp, Llc sold 6,000,000 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $21.05, for a total value of $126,300,000.00. Following the sale, the insider now directly owns 29,582,388 shares of the company’s stock, valued at $622,709,267.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 21.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Barclays boosted their price target on shares of MeridianLink from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Friday, August 9th. Stifel Nicolaus boosted their price target on shares of MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a report on Friday, August 9th. Finally, UBS Group boosted their price target on shares of MeridianLink from $17.00 to $18.00 and gave the company a “sell” rating in a report on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $20.60.

MeridianLink Trading Down 1.4 %

NYSE MLNK opened at $21.14 on Tuesday. 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 firm has a market cap of $1.62 billion, a PE ratio of -39.15 and a beta of 1.00. The company has a 50 day moving average price of $22.13 and a 200 day moving average price of $20.69. MeridianLink, Inc. has a 52 week low of $14.89 and a 52 week high of $25.88.

MeridianLink (NYSE:MLNK) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.04). The business had revenue of $78.70 million during the quarter, compared to analysts’ expectations of $78.08 million. MeridianLink had a negative net margin of 15.16% and a negative return on equity of 7.62%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned ($0.06) earnings per share. As a group, sell-side 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.