Cubist Systematic Strategies LLC Invests $815,000 in MeridianLink, Inc. (NYSE:MLNK)

Cubist Systematic Strategies LLC acquired a new position in MeridianLink, Inc. (NYSE:MLNK) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 39,447 shares of the company’s stock, valued at approximately $815,000.

Several other institutional investors have also recently modified their holdings of MLNK. Barclays PLC raised its stake in shares of MeridianLink by 342.1% in the third 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. SG Americas Securities LLC raised its stake in shares of MeridianLink by 94.9% in the fourth quarter. SG Americas Securities LLC now owns 21,878 shares of the company’s stock worth $452,000 after purchasing an additional 10,654 shares during the last quarter. Rhumbline Advisers raised its stake in shares of MeridianLink by 10.0% in the fourth quarter. Rhumbline Advisers now owns 48,629 shares of the company’s stock worth $1,004,000 after purchasing an additional 4,404 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of MeridianLink in the fourth quarter worth about $234,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of MeridianLink by 9.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 239,032 shares of the company’s stock worth $4,936,000 after purchasing an additional 20,928 shares during the last quarter. 82.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on MLNK shares. UBS Group reduced their price objective on MeridianLink from $25.50 to $20.50 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Raymond James reduced their price target on MeridianLink from $28.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Barclays reduced their price target on MeridianLink from $19.00 to $16.00 and set an “underweight” rating for the company in a research report on Monday, April 14th. William Blair reiterated an “outperform” rating on shares of MeridianLink in a research report on Friday, March 7th. Finally, Bank of America cut MeridianLink from a “buy” rating to an “underperform” rating and reduced their price target for the company from $28.00 to $18.00 in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $19.42.

MeridianLink Stock Up 0.2%

Shares of MLNK stock opened at $17.48 on Thursday. The stock has a 50 day moving average of $17.64 and a 200 day moving average of $19.79. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.11. The stock has a market cap of $1.35 billion, a P/E ratio of -26.09 and a beta of 0.97. MeridianLink, Inc. has a twelve month low of $15.57 and a twelve month high of $25.33.

MeridianLink (NYSE:MLNK) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The business had revenue of $81.49 million during the quarter, compared to analysts’ expectations of $80.47 million. MeridianLink had a negative net margin of 16.57% and a negative return on equity of 9.57%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 earnings per share. As a group, sell-side analysts expect that MeridianLink, Inc. will post -0.35 EPS for the current year.

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.