Brokerages Set MoneyLion Inc. (NYSE:ML) PT at $89.17

MoneyLion Inc. (NYSE:ML) has been given an average rating of “Buy” by the eight ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $89.17.

A number of equities analysts have recently issued reports on ML shares. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price target on shares of MoneyLion in a report on Friday, October 4th. Oppenheimer initiated coverage on shares of MoneyLion in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, Northland Securities assumed coverage on MoneyLion in a report on Wednesday, October 16th. They set an “outperform” rating and a $60.00 price objective for the company.

MoneyLion Trading Up 0.2 %

NYSE ML opened at $45.29 on Friday. The stock has a market capitalization of $476.36 million, a price-to-earnings ratio of -16.38 and a beta of 2.69. The business’s 50 day moving average is $42.96 and its two-hundred day moving average is $63.57. MoneyLion has a 12-month low of $17.87 and a 12-month high of $106.82.

MoneyLion (NYSE:ML) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.27. The firm had revenue of $130.90 million for the quarter, compared to analyst estimates of $127.03 million. MoneyLion had a return on equity of 0.72% and a net margin of 0.40%. MoneyLion’s quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.42) earnings per share. Equities analysts forecast that MoneyLion will post 1.33 earnings per share for the current fiscal year.

Insider Buying and Selling at MoneyLion

In related news, Director John C. Chrystal acquired 5,000 shares of MoneyLion stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $47.07 per share, for a total transaction of $235,350.00. Following the completion of the transaction, the director now directly owns 44,967 shares of the company’s stock, valued at $2,116,596.69. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other MoneyLion news, insider Timmie Hong sold 2,504 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $48.35, for a total value of $121,068.40. Following the completion of the transaction, the insider now directly owns 103,353 shares in the company, valued at approximately $4,997,117.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John C. Chrystal acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $47.07 per share, for a total transaction of $235,350.00. Following the acquisition, the director now directly owns 44,967 shares of the company’s stock, valued at approximately $2,116,596.69. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 44,059 shares of company stock worth $1,988,757. 14.10% of the stock is owned by insiders.

Hedge Funds Weigh In On MoneyLion

Several institutional investors have recently added to or reduced their stakes in ML. ClariVest Asset Management LLC raised its stake in MoneyLion by 2.6% during the second quarter. ClariVest Asset Management LLC now owns 10,175 shares of the company’s stock worth $748,000 after purchasing an additional 257 shares during the period. EntryPoint Capital LLC purchased a new stake in MoneyLion during the first quarter valued at about $70,000. Empowered Funds LLC increased its stake in MoneyLion by 8.2% during the first quarter. Empowered Funds LLC now owns 13,896 shares of the company’s stock worth $991,000 after acquiring an additional 1,050 shares during the last quarter. American Century Companies Inc. raised its holdings 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 worth $721,000 after purchasing an additional 2,076 shares during the period. Finally, Quantbot Technologies LP raised its holdings in shares of MoneyLion by 69.9% in the 1st quarter. Quantbot Technologies LP now owns 5,167 shares of the company’s stock worth $369,000 after purchasing an additional 2,125 shares during the period. 31.43% of the stock is currently 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.