Northland Capmk Weighs in on MoneyLion Q3 Earnings

MoneyLion Inc. (NYSE:ML) – Equities researchers at Northland Capmk issued their Q3 2024 earnings per share (EPS) estimates for MoneyLion in a report issued on Wednesday, October 16th. Northland Capmk analyst M. Grondahl forecasts that the company will post earnings of $0.06 per share for the quarter. Northland Capmk currently has a “Strong-Buy” rating on the stock. The consensus estimate for MoneyLion’s current full-year earnings is $1.33 per share. Northland Capmk also issued estimates for MoneyLion’s Q4 2024 earnings at $0.14 EPS, FY2024 earnings at $1.04 EPS, Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.63 EPS, Q4 2025 earnings at $0.49 EPS and FY2025 earnings at $1.70 EPS.

MoneyLion (NYSE:ML) last posted its earnings results 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 company had revenue of $130.90 million during the quarter, compared to analysts’ expectations of $127.03 million. MoneyLion had a return on equity of 0.72% and a net margin of 0.40%. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.42) earnings per share.

Several other equities research analysts also recently weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $70.00 price target on shares of MoneyLion in a report on Friday, October 4th. Northland Securities began coverage on shares of MoneyLion in a research note on Wednesday. They set an “outperform” rating and a $60.00 target price on the stock. Oppenheimer began coverage on shares of MoneyLion in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. B. Riley reissued a “buy” rating and issued a $133.00 price objective on shares of MoneyLion in a research report on Tuesday, June 25th. Finally, Cantor Fitzgerald raised shares of MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, MoneyLion currently has an average rating of “Buy” and a consensus price target of $89.17.

MoneyLion Stock Performance

Shares of ML opened at $46.43 on Friday. The company’s 50-day simple moving average is $42.94 and its 200-day simple moving average is $64.12. MoneyLion has a 1 year low of $17.40 and a 1 year high of $106.82. The stock has a market capitalization of $488.35 million, a PE ratio of -16.01 and a beta of 2.69.

Insider Activity

In related news, insider Timmie Hong sold 2,504 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $48.35, for a total value of $121,068.40. Following the transaction, the insider now owns 103,353 shares in the company, valued at approximately $4,997,117.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Timmie Hong sold 2,504 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $48.35, for a total transaction of $121,068.40. Following the sale, the insider now owns 103,353 shares in the company, valued at $4,997,117.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard Correia sold 13,138 shares of MoneyLion stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $45.10, for a total value of $592,523.80. Following the completion of the transaction, the chief financial officer now owns 219,187 shares of the company’s stock, valued at approximately $9,885,333.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,059 shares of company stock worth $1,988,757. 14.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MoneyLion

Large investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. acquired a new position in shares of MoneyLion during the second quarter valued at $289,000. Driehaus Capital Management LLC increased its stake in MoneyLion by 77.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock valued at $16,288,000 after buying an additional 96,433 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of MoneyLion during the 2nd quarter worth about $241,000. Dark Forest Capital Management LP acquired a new stake in shares of MoneyLion in the 2nd quarter worth approximately $254,000. Finally, Squarepoint Ops LLC boosted its holdings in shares of MoneyLion by 14.3% in the second quarter. Squarepoint Ops LLC now owns 45,293 shares of the company’s stock valued at $3,331,000 after acquiring an additional 5,656 shares in the last quarter. Institutional investors and hedge funds own 31.43% of the company’s stock.

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.