MoneyLion Inc. (NYSE:ML) Receives Average Recommendation of “Buy” from Brokerages

Shares of MoneyLion Inc. (NYSE:ML) have been assigned an average recommendation of “Buy” from the five research firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $95.00.

A number of research analysts have commented on the company. Needham & Company LLC reduced their price objective on MoneyLion from $100.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. B. Riley reissued a “buy” rating and set a $133.00 price target on shares of MoneyLion in a research report on Tuesday, June 25th. Finally, Craig Hallum increased their price objective on shares of MoneyLion from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th.

MoneyLion Stock Performance

MoneyLion stock opened at $46.41 on Friday. MoneyLion has a fifty-two week low of $17.40 and a fifty-two week high of $106.82. The stock has a fifty day moving average of $61.42 and a two-hundred day moving average of $68.37. The company has a market capitalization of $488.14 million, a price-to-earnings ratio of -16.00 and a beta of 2.74.

MoneyLion (NYSE:ML) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.27. The business had revenue of $130.90 million for the quarter, compared to analysts’ expectations of $127.03 million. MoneyLion had a negative return on equity of 3.02% and a negative net margin of 6.42%. The business’s revenue was up 22.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.42) earnings per share. On average, analysts forecast that MoneyLion will post 1.45 EPS for the current fiscal year.

Insider Activity

In other MoneyLion news, insider Timmie Hong sold 5,139 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total transaction of $231,768.90. Following the transaction, the insider now owns 110,558 shares in the company, valued at $4,986,165.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other MoneyLion news, CFO Richard Correia sold 28,675 shares of MoneyLion stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $90.40, for a total transaction of $2,592,220.00. Following the sale, the chief financial officer now directly owns 232,325 shares of the company’s stock, valued at $21,002,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Timmie Hong sold 5,139 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total value of $231,768.90. Following the transaction, the insider now owns 110,558 shares of the company’s stock, valued at $4,986,165.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,150 shares of company stock worth $9,175,290. 14.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC bought a new position in shares of MoneyLion in the 4th quarter valued at about $35,000. EntryPoint Capital LLC acquired a new position in MoneyLion during the first quarter valued at approximately $70,000. Fiducient Advisors LLC bought a new position in MoneyLion during the second quarter worth about $204,000. Commonwealth Equity Services LLC acquired a new stake in shares of MoneyLion during the second quarter worth about $227,000. Finally, Private Ocean LLC acquired a new stake in MoneyLion during the 2nd quarter worth approximately $238,000. 31.43% of the stock is owned by institutional investors and hedge funds.

MoneyLion Company Profile

MoneyLion Inc, a financial technology company, provides personalized products and financial content for American consumers. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include RoarMoney, an insured digital demand deposit account; Instacash, a cash advance product that gives customers early access to their recurring income deposits; Credit Builder Plus membership program; MoneyLion Investing, an online investment account that offers access to separately managed accounts invested based on model exchange-traded fund portfolios; Roundups, which provides features designed to encourage customers to establish good saving and investing habits; and MoneyLion Crypto, an online cryptocurrency account.