MeridianLink Plunges 20.47% Amid Mixed Analyst Sentiment

On April 4, 2025, MeridianLink's stock experienced a significant drop of 20.47% in pre-market trading, reflecting a notable shift in investor sentiment towards the company.

Quantbot Technologies LP recently acquired a new stake in MeridianLink, purchasing 3,165 shares valued at approximately $65,000. This investment indicates growing institutional interest in the company, despite the recent market volatility.

Several other large investors have also adjusted their positions in MeridianLink. Victory Capital Management Inc. acquired a new stake valued at about $29.46 million during the fourth quarter. State Street Corp increased its holdings by 20.7% in the third quarter, now owning 667,201 shares. Geode Capital Management LLC boosted its holdings by 12.2% during the third quarter, and Polar Asset Management Partners Inc. bought a new position worth approximately $8.6 million. Maven Securities LTD also purchased a new position worth approximately $5.38 million. These moves suggest that institutional investors remain bullish on MeridianLink's long-term prospects, despite recent market fluctuations.

Analysts have been actively revising their ratings and price targets for MeridianLink. William Blair reissued an "outperform" rating, while Bank of America downgraded the stock to "underperform" with a reduced price target of $18.00. Raymond James decreased their price objective to $24.00, maintaining an "outperform" rating. UBS Group lowered their target price to $20.50 with a "neutral" rating, and Barclays reduced their price target to $19.00 with an "underweight" rating. The consensus among analysts is a "Hold" rating with an average target price of $20.58, indicating a mixed outlook for the stock.