Proficio Capital Partners LLC Invests $234,000 in MeridianLink, Inc. (NYSE:MLNK)

Proficio Capital Partners LLC bought a new stake in MeridianLink, Inc. (NYSE:MLNK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,316 shares of the company’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. acquired a new position in shares of MeridianLink in the 4th quarter worth approximately $29,461,000. Charles Schwab Investment Management Inc. lifted its holdings in MeridianLink by 9.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 239,032 shares of the company’s stock valued at $4,936,000 after buying an additional 20,928 shares during the period. Rhumbline Advisers lifted its holdings in MeridianLink by 10.0% in the fourth quarter. Rhumbline Advisers now owns 48,629 shares of the company’s stock valued at $1,004,000 after buying an additional 4,404 shares during the period. SG Americas Securities LLC boosted its position in MeridianLink by 94.9% during the fourth quarter. SG Americas Securities LLC now owns 21,878 shares of the company’s stock valued at $452,000 after acquiring an additional 10,654 shares during the last quarter. Finally, Barclays PLC grew its holdings in MeridianLink by 342.1% during the 3rd quarter. Barclays PLC now owns 42,399 shares of the company’s stock worth $872,000 after acquiring an additional 32,808 shares during the period. Institutional investors and hedge funds own 82.65% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays cut their target price on MeridianLink from $20.00 to $19.00 and set an “underweight” rating on the stock in a research report on Friday, March 7th. Bank of America cut MeridianLink from a “buy” rating to an “underperform” rating and cut their price target for the stock from $28.00 to $18.00 in a report on Thursday, January 30th. Citigroup lowered their price objective on shares of MeridianLink from $24.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Raymond James cut their target price on shares of MeridianLink from $28.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Finally, UBS Group decreased their price target on shares of MeridianLink from $25.50 to $20.50 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, MeridianLink currently has an average rating of “Hold” and a consensus price target of $20.58.

MeridianLink Stock Performance

NYSE MLNK opened at $19.29 on Thursday. The company has a market cap of $1.48 billion, a P/E ratio of -28.79 and a beta of 1.01. The company has a fifty day simple moving average of $19.30 and a 200 day simple moving average of $21.02. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11. MeridianLink, Inc. has a 12-month low of $16.49 and a 12-month high of $25.33.

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.