AlphaQuest LLC Buys Shares of 20,378 MeridianLink, Inc. (NYSE:MLNK)

AlphaQuest LLC bought a new position in MeridianLink, Inc. (NYSE:MLNK) during the 4th quarter, Holdings Channel.com reports. The fund bought 20,378 shares of the company’s stock, valued at approximately $421,000.

A number of other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of MeridianLink by 24.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 218,104 shares of the company’s stock worth $4,486,000 after buying an additional 42,302 shares during the last quarter. FMR LLC grew its holdings in MeridianLink by 5.1% during the third quarter. FMR LLC now owns 23,408 shares of the company’s stock valued at $482,000 after purchasing an additional 1,139 shares during the period. Centiva Capital LP purchased a new stake in MeridianLink in the third quarter worth about $823,000. Maven Securities LTD bought a new position in shares of MeridianLink in the third quarter worth about $5,377,000. Finally, Polar Asset Management Partners Inc. bought a new position in shares of MeridianLink during the 3rd quarter valued at approximately $8,598,000. 82.65% of the stock is currently owned by institutional investors.

MeridianLink Trading Down 2.2 %

Shares of MLNK stock opened at $19.23 on Friday. The stock’s 50-day moving average price is $19.34 and its 200-day moving average price is $21.25. MeridianLink, Inc. has a 12-month low of $16.49 and a 12-month high of $25.33. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -28.69 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.

Insider Activity

In related news, CEO Nicolaas Vlok sold 71,598 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $21.17, for a total value of $1,515,729.66. Following the completion of the sale, the chief executive officer now directly owns 1,043,382 shares in the company, valued at $22,088,396.94. This trade represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 21.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. William Blair reaffirmed an “outperform” rating on shares of MeridianLink in a report on Friday, March 7th. Bank of America downgraded shares of MeridianLink from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $28.00 to $18.00 in a report on Thursday, January 30th. Raymond James decreased their price target on MeridianLink from $28.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Citigroup lowered their price objective on MeridianLink from $24.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Finally, Barclays cut their target price 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 equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.58.

About MeridianLink

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.