MoneyLion Inc. (NYSE:ML) Receives $95.00 Consensus PT from Analysts

Shares of MoneyLion Inc. (NYSE:ML) have been assigned an average rating of “Buy” from the five brokerages that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued a report on the stock in the last year is $95.00.

A number of equities analysts recently weighed in on ML shares. B. Riley restated a “buy” rating and set a $133.00 price target on shares of MoneyLion in a research report on Tuesday, June 25th. Needham & Company LLC lowered their target price on MoneyLion from $100.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th.

MoneyLion Trading Up 3.1 %

Shares of ML opened at $40.35 on Wednesday. The firm has a market cap of $424.40 million, a P/E ratio of -13.91 and a beta of 2.70. MoneyLion has a 12 month low of $17.40 and a 12 month high of $106.82. The stock’s 50 day moving average is $48.84 and its two-hundred day moving average is $66.85.

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, beating the consensus estimate of ($0.01) by $0.27. The business had revenue of $130.90 million for the quarter, compared to the consensus estimate of $127.03 million. MoneyLion had a net margin of 0.40% and a return on equity of 0.72%. The company’s revenue was up 22.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.42) earnings per share. Equities research analysts forecast that MoneyLion will post 1.4 EPS for the current year.

Insiders Place Their Bets

In other MoneyLion news, CEO Diwakar Choubey sold 17,647 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $86.56, for a total transaction of $1,527,524.32. Following the sale, the chief executive officer now directly owns 736,513 shares in the company, valued at approximately $63,752,565.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Timmie Hong sold 2,334 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $42.34, for a total transaction of $98,821.56. Following the sale, the insider now directly owns 105,857 shares in the company, valued at $4,481,985.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Diwakar Choubey sold 17,647 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $86.56, for a total transaction of $1,527,524.32. Following the completion of the sale, the chief executive officer now directly owns 736,513 shares in the company, valued at approximately $63,752,565.28. The disclosure for this sale can be found here. Insiders have sold 66,737 shares of company stock worth $4,028,078 over the last three months. Company insiders own 14.10% of the company’s stock.

Institutional Trading of MoneyLion

Institutional investors have recently bought and sold shares of the business. ClariVest Asset Management LLC grew its position in shares of MoneyLion by 2.6% in the 2nd quarter. ClariVest Asset Management LLC now owns 10,175 shares of the company’s stock valued at $748,000 after buying an additional 257 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of MoneyLion during the first quarter worth about $70,000. Empowered Funds LLC lifted its holdings in shares of MoneyLion by 8.2% in the 1st quarter. Empowered Funds LLC now owns 13,896 shares of the company’s stock valued at $991,000 after purchasing an additional 1,050 shares during the last quarter. American Century Companies Inc. boosted its position in shares of MoneyLion by 26.8% in the 2nd quarter. American Century Companies Inc. now owns 9,808 shares of the company’s stock valued at $721,000 after purchasing an additional 2,076 shares during the period. Finally, Quantbot Technologies LP grew its stake in MoneyLion by 69.9% during the 1st quarter. Quantbot Technologies LP now owns 5,167 shares of the company’s stock worth $369,000 after buying an additional 2,125 shares during the last quarter. 31.43% of the stock is owned by hedge funds and other institutional investors.

About MoneyLion

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.