Versor Investments LP Grows Position in MeridianLink, Inc. $MLNK

Versor Investments LP increased its position in shares of MeridianLink, Inc. (NYSE:MLNK) by 40.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 43,582 shares of the company’s stock after buying an additional 12,582 shares during the quarter. Versor Investments LP owned about 0.06% of MeridianLink worth $707,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MLNK. Victory Capital Management Inc. grew its stake in MeridianLink by 27.9% during the 1st quarter. Victory Capital Management Inc. now owns 1,824,395 shares of the company’s stock worth $33,806,000 after buying an additional 397,730 shares during the last quarter. Select Equity Group L.P. grew its stake in shares of MeridianLink by 541.3% in the 1st quarter. Select Equity Group L.P. now owns 307,322 shares of the company’s stock valued at $5,695,000 after purchasing an additional 259,400 shares during the last quarter. Park West Asset Management LLC grew its stake in shares of MeridianLink by 9.6% in the 1st quarter. Park West Asset Management LLC now owns 2,599,087 shares of the company’s stock valued at $48,161,000 after purchasing an additional 227,969 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of MeridianLink by 72.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 320,012 shares of the company’s stock valued at $5,930,000 after purchasing an additional 134,146 shares during the last quarter. Finally, Norwood Investment Partners LP grew its stake in shares of MeridianLink by 101.7% in the 1st quarter. Norwood Investment Partners LP now owns 262,927 shares of the company’s stock valued at $4,872,000 after purchasing an additional 132,557 shares during the last quarter. Hedge funds and other institutional investors own 82.65% of the company’s stock.

MeridianLink Stock Performance

Shares of MLNK stock opened at $20.02 on Tuesday. The stock has a fifty day moving average price of $19.96 and a 200 day moving average price of $18.01. The stock has a market cap of $1.48 billion, a PE ratio of -69.03 and a beta of 0.92. MeridianLink, Inc. has a 1 year low of $15.49 and a 1 year high of $25.22. 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 (NYSE:MLNK) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.13). The firm had revenue of $84.60 million for the quarter, compared to analyst estimates of $81.58 million. MeridianLink had a negative return on equity of 4.50% and a negative net margin of 6.90%.The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.04 earnings per share. Sell-side analysts forecast that MeridianLink, Inc. will post -0.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.