Quantbot Technologies LP Makes New $65,000 Investment in MeridianLink, Inc. (NYSE:MLNK)

Quantbot Technologies LP bought a new stake in shares of MeridianLink, Inc. (NYSE:MLNK) during the fourth quarter, HoldingsChannel reports. The firm bought 3,165 shares of the company’s stock, valued at approximately $65,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new position in MeridianLink during the 4th quarter valued at approximately $234,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of MeridianLink in the fourth quarter worth $384,000. AlphaQuest LLC bought a new position in shares of MeridianLink during the fourth quarter valued at $421,000. SG Americas Securities LLC raised its position in shares of MeridianLink by 94.9% in the 4th quarter. SG Americas Securities LLC now owns 21,878 shares of the company’s stock worth $452,000 after purchasing an additional 10,654 shares during the last quarter. Finally, FMR LLC lifted its position in MeridianLink by 5.1% in the 3rd quarter. FMR LLC now owns 23,408 shares of the company’s stock valued at $482,000 after acquiring an additional 1,139 shares in the last quarter. 82.65% of the stock is owned by hedge funds and other institutional investors.

MeridianLink Stock Performance

Shares of NYSE MLNK opened at $18.75 on Wednesday. MeridianLink, Inc. has a 12-month low of $16.49 and a 12-month high of $25.33. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -27.99 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 firm has a 50 day moving average of $19.24 and a 200 day moving average of $20.87.

Wall Street Analyst Weigh In

MLNK has been the topic of a number of research analyst reports. Bank of America downgraded MeridianLink from a “buy” rating to an “underperform” rating and lowered their price target for the company from $28.00 to $18.00 in a report on Thursday, January 30th. William Blair restated an “outperform” rating on shares of MeridianLink in a research note on Friday, March 7th. Raymond James reduced their price target on shares of MeridianLink from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. UBS Group lowered their price objective on shares of MeridianLink from $25.50 to $20.50 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Finally, Barclays cut their target price on shares of MeridianLink from $20.00 to $19.00 and set an “underweight” rating for the company in a research report on Friday, March 7th. Two investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $20.58.

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.