Versor Investments LP Raises Stock Holdings in MeridianLink, Inc. $MLNK

Versor Investments LP grew its stake in MeridianLink, Inc. (NYSE:MLNK) by 40.6% during the 2nd quarter, Holdings Channel reports. The fund owned 43,582 shares of the company’s stock after acquiring an additional 12,582 shares during the period. Versor Investments LP’s holdings in MeridianLink were worth $707,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of MeridianLink by 1,606.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,521 shares of the company’s stock valued at $84,000 after acquiring an additional 4,256 shares in the last quarter. New York State Common Retirement Fund lifted its position in MeridianLink by 39.1% during the first quarter. New York State Common Retirement Fund now owns 9,257 shares of the company’s stock worth $172,000 after buying an additional 2,600 shares during the period. AQR Capital Management LLC purchased a new position in MeridianLink during the first quarter worth about $194,000. Inspire Investing LLC purchased a new position in MeridianLink during the first quarter worth about $345,000. Finally, Woodline Partners LP lifted its position in MeridianLink by 76.0% during the first quarter. Woodline Partners LP now owns 18,625 shares of the company’s stock worth $345,000 after buying an additional 8,041 shares during the period. 82.65% of the stock is currently owned by hedge funds and other institutional investors.

MeridianLink Price Performance

MLNK stock opened at $20.02 on Tuesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.01 and a current ratio of 2.01. MeridianLink, Inc. has a 1 year low of $15.49 and a 1 year high of $25.22. The firm has a market cap of $1.48 billion, a P/E ratio of -69.03 and a beta of 0.92. The stock has a 50-day simple moving average of $19.96 and a 200-day simple moving average of $18.01.

MeridianLink (NYSE:MLNK) last posted its earnings results on Monday, August 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). MeridianLink had a negative net margin of 6.90% and a negative return on equity of 4.50%. The company had revenue of $84.60 million during the quarter, compared to analyst estimates of $81.58 million. During the same quarter last year, the business posted $0.04 EPS. MeridianLink’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities analysts predict that MeridianLink, Inc. will post -0.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MLNK has been the topic of several recent analyst reports. Raymond James Financial downgraded MeridianLink from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 12th. Weiss Ratings restated a “sell (d-)” rating on shares of MeridianLink in a research note on Wednesday, October 8th. BTIG Research lowered MeridianLink from a “strong-buy” rating to a “neutral” rating in a research note on Monday, August 11th. Barclays upped their price target on MeridianLink from $16.00 to $20.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 12th. Finally, William Blair lowered MeridianLink from an “outperform” rating to a “market perform” rating in a research note on Monday, August 11th. Six investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $20.07.

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.