Vanguard Group Inc. Sells 461,985 Shares of MeridianLink, Inc. (NYSE:MLNK)

Vanguard Group Inc. decreased its holdings in MeridianLink, Inc. (NYSE:MLNK) by 18.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,051,446 shares of the company’s stock after selling 461,985 shares during the period. Vanguard Group Inc. owned approximately 2.60% of MeridianLink worth $34,998,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MLNK. UBS Group AG grew its position in MeridianLink by 610.4% during the 3rd quarter. UBS Group AG now owns 1,705 shares of the company’s stock worth $28,000 after acquiring an additional 1,465 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in MeridianLink by 81.3% during the 1st quarter. Ameritas Investment Partners Inc. now owns 1,759 shares of the company’s stock worth $32,000 after acquiring an additional 789 shares during the last quarter. Tower Research Capital LLC TRC grew its position in MeridianLink by 261.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock worth $37,000 after acquiring an additional 1,665 shares during the last quarter. Ensign Peak Advisors Inc bought a new stake in MeridianLink during the 3rd quarter worth $44,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in MeridianLink by 196.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,416 shares of the company’s stock worth $75,000 after acquiring an additional 2,926 shares during the last quarter. Institutional investors own 82.65% of the company’s stock.

Insider Activity

In other news, Director Timothy Nguyen sold 1,657,246 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $18.29, for a total value of $30,311,029.34. Following the transaction, the director now directly owns 1,014,526 shares of the company’s stock, valued at approximately $18,555,680.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.10% of the stock is owned by company insiders.

MeridianLink Stock Down 3.8 %

Shares of NYSE:MLNK opened at $17.76 on Thursday. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -32.89 and a beta of 0.91. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.23 and a quick ratio of 2.23. The business’s 50-day moving average is $18.89 and its 200-day moving average is $19.76. MeridianLink, Inc. has a 1 year low of $13.62 and a 1 year high of $25.88.

MeridianLink (NYSE:MLNK) last announced its quarterly earnings data on Tuesday, March 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.23). The business had revenue of $74.60 million during the quarter, compared to analyst estimates of $74.61 million. MeridianLink had a negative net margin of 14.01% and a negative return on equity of 6.77%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) earnings per share. Equities research analysts predict that MeridianLink, Inc. will post -0.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MLNK. Citigroup reduced their price objective on MeridianLink from $23.50 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Stifel Nicolaus reduced their price objective on MeridianLink from $20.00 to $18.00 and set a “hold” rating on the stock in a research report on Wednesday, March 6th. William Blair restated an “outperform” rating on shares of MeridianLink in a research report on Wednesday, March 6th. Wolfe Research upgraded MeridianLink from an “underperform” rating to a “peer perform” rating in a research report on Thursday, February 8th. Finally, Barclays reduced their price target on MeridianLink from $23.00 to $20.00 and set an “underweight” rating on the stock in a research report on Thursday, March 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.67.

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.