1 week Ago By Defense World Staff
Vanguard Group Inc. lifted its stake in MeridianLink, Inc. (NYSE:MLNK – Free Report) by 10.
5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,266,023 shares of the company’s stock after purchasing an additional 310,228 shares during the quarter. Vanguard Group Inc.
owned 4.32% of MeridianLink worth $67,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other institutional investors have also made changes to their positions in the company.
Victory Capital Management Inc. purchased a new stake in MeridianLink in the 4th quarter worth approximately $29,461,000. State Street Corp raised its holdings in shares of MeridianLink by 20.
7% during the third quarter. State Street Corp now owns 667,201 shares of the company’s stock worth $13,724,000 after acquiring an additional 114,578 shares in the last quarter. Geode Capital Management LLC boosted its position in MeridianLink by 12.
2% during the third quarter. Geode Capital Management LLC now owns 603,443 shares of the company’s stock valued at $12,415,000 after purchasing an additional 65,834 shares during the last quarter. Charles Schwab Investment Management Inc.
grew its stake in MeridianLink by 24.1% in the third quarter. Charles Schwab Investment Management Inc.
now owns 218,104 shares of the company’s stock valued at $4,486,000 after purchasing an additional 42,302 shares in the last quarter. Finally, Barclays PLC increased its position in MeridianLink by 342.1% in the 3rd quarter.
Barclays PLC now owns 42,399 shares of the company’s stock worth $872,000 after purchasing an additional 32,808 shares during the last quarter. 82.65% of the stock is currently owned by institutional investors and hedge funds.
MeridianLink Stock PerformanceShares of MLNK opened at $16.60 on Friday. The company has a debt-to-equity ratio of 1.
11, a current ratio of 1.86 and a quick ratio of 1.86.
MeridianLink, Inc. has a one year low of $15.57 and a one year high of $25.
33. The company’s fifty day moving average price is $18.66 and its 200 day moving average price is $20.
48. The company has a market capitalization of $1.27 billion, a PE ratio of -24.
77 and a beta of 0.96. Analysts Set New Price TargetsSeveral equities research analysts recently commented on the company.
UBS Group lowered their price target on MeridianLink from $25.50 to $20.50 and set a “neutral” rating for the company in a research note on Tuesday, March 4th.
Citigroup decreased their target price on shares of MeridianLink from $24.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, March 7th.
Raymond James cut their price target on shares of MeridianLink from $28.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, March 7th.
Bank of America downgraded shares of MeridianLink from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $28.00 to $18.00 in a research report on Thursday, January 30th.
Finally, Barclays reduced their price target on 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.
58.Get Our Latest Stock Report on MeridianLinkMeridianLink Profile (Free Report)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.
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(NYSE:MLNK – Free Report)..
