20,308 Shares in MeridianLink, Inc. (NYSE:MLNK) Purchased by Pure Financial Advisors LLC

Pure Financial Advisors LLC acquired a new position in MeridianLink, Inc. (NYSE:MLNK) during the 2nd quarter, HoldingsChannel reports. The fund acquired 20,308 shares of the company’s stock, valued at approximately $434,000.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of MeridianLink by 32.8% during the first quarter. Vanguard Group Inc. now owns 2,756,231 shares of the company’s stock worth $51,542,000 after buying an additional 680,872 shares in the last quarter. Keenan Capital LLC increased its holdings in shares of MeridianLink by 9.6% in the first quarter. Keenan Capital LLC now owns 2,565,269 shares of the company’s stock valued at $47,971,000 after purchasing an additional 225,000 shares during the last quarter. SG Capital Management LLC purchased a new position in MeridianLink during the first quarter worth approximately $2,117,000. Gibson Capital LLC purchased a new position in MeridianLink during the fourth quarter worth approximately $2,008,000. Finally, Jacobs Levy Equity Management Inc. boosted its stake in MeridianLink by 10.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 263,525 shares of the company’s stock worth $4,928,000 after buying an additional 25,906 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 commented on the company. Barclays lifted their price target on MeridianLink from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Friday, August 9th. UBS Group lifted their target price on shares of MeridianLink from $17.00 to $18.00 and gave the stock a “sell” rating in a research note on Tuesday. Finally, Stifel Nicolaus increased their price target on shares of MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, MeridianLink currently has an average rating of “Hold” and a consensus target price of $20.60.

MeridianLink Trading Down 0.6 %

Shares of NYSE:MLNK traded down $0.14 during midday trading on Friday, reaching $21.40. 119,522 shares of the company’s stock were exchanged, compared to its average volume of 240,866. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of -39.63 and a beta of 1.02. The firm’s 50 day simple moving average is $21.87 and its two-hundred day simple moving average is $19.69. MeridianLink, Inc. has a fifty-two week low of $14.89 and a fifty-two week high of $25.88.

MeridianLink (NYSE:MLNK) last announced its earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.04). The firm had revenue of $78.70 million for the quarter, compared to analysts’ expectations of $78.08 million. MeridianLink had a negative net margin of 13.86% and a negative return on equity of 6.72%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business earned ($0.06) earnings per share. As a group, sell-side analysts forecast that MeridianLink, Inc. will post -0.01 EPS for the current fiscal year.

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.