MoneyLion (ML) to Release Quarterly Earnings on Thursday

MoneyLion (NYSE:ML) will announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

MoneyLion (NYSE:ML) last posted its quarterly 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. MoneyLion had a net margin of 0.40% and a return on equity of 0.72%. The firm had revenue of $130.90 million during the quarter, compared to analysts’ expectations of $127.03 million. During the same period in the prior year, the company posted ($0.42) earnings per share. The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. On average, analysts expect MoneyLion to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

MoneyLion Trading Up 5.8 %

Shares of ML opened at $46.79 on Wednesday. The stock’s 50 day moving average is $42.96 and its two-hundred day moving average is $61.62. MoneyLion has a twelve month low of $20.74 and a twelve month high of $106.82. The firm has a market capitalization of $513.29 million, a PE ratio of 668.43 and a beta of 2.67.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ML. Northland Capmk raised MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Needham & Company LLC reiterated a “buy” rating and set a $70.00 target price on shares of MoneyLion in a research report on Friday, October 4th. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Oppenheimer started coverage on MoneyLion in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, Northland Securities started coverage on shares of MoneyLion in a research note on Wednesday, October 16th. They issued an “outperform” rating and a $60.00 price objective on the stock. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $89.17.

Insider Activity

In other MoneyLion news, CAO Mark Torossian sold 811 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $45.10, for a total transaction of $36,576.10. Following the completion of the sale, the chief accounting officer now directly owns 21,395 shares in the company, valued at $964,914.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Diwakar Choubey sold 20,133 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $45.10, for a total transaction of $907,998.30. Following the completion of the sale, the chief executive officer now directly owns 716,380 shares of the company’s stock, valued at approximately $32,308,738. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mark Torossian sold 811 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $45.10, for a total value of $36,576.10. Following the completion of the sale, the chief accounting officer now owns 21,395 shares of the company’s stock, valued at approximately $964,914.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,059 shares of company stock valued at $1,988,757 in the last ninety days. Company insiders own 11.90% 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.