FY2024 EPS Estimates for MoneyLion Lifted by Northland Capmk

MoneyLion Inc. (NYSE:ML) – Equities research analysts at Northland Capmk lifted their FY2024 earnings per share estimates for shares of MoneyLion in a report released on Thursday, November 7th. Northland Capmk analyst M. Grondahl now anticipates that the company will earn $1.17 per share for the year, up from their prior forecast of $1.04. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for MoneyLion’s current full-year earnings is $1.28 per share.

ML has been the subject of a number of other reports. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Thursday, November 7th. Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price target on shares of MoneyLion in a report on Friday, October 4th. Finally, Northland Securities raised their price objective on MoneyLion from $60.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $90.71.

MoneyLion Trading Up 0.8 %

Shares of NYSE:ML opened at $81.58 on Monday. MoneyLion has a twelve month low of $28.64 and a twelve month high of $106.82. The firm has a market cap of $894.93 million, a P/E ratio of 370.82 and a beta of 2.67. The company has a 50 day moving average of $45.00 and a 200-day moving average of $61.53.

Insider Buying and Selling

In related news, insider Timmie Hong sold 2,334 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $42.34, for a total transaction of $98,821.56. Following the completion of the sale, the insider now owns 105,857 shares in the company, valued at $4,481,985.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CAO Mark Torossian sold 811 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total value of $36,576.10. Following the completion of the transaction, the chief accounting officer now directly owns 21,395 shares of the company’s stock, valued at $964,914.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timmie Hong sold 2,334 shares of the business’s stock in a transaction 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 completion of the sale, the insider now directly owns 105,857 shares in the company, valued at $4,481,985.38. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,848 shares of company stock worth $2,764,307 in the last quarter. 11.90% of the stock is currently owned by company insiders.

Institutional Trading of MoneyLion

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its holdings in shares of MoneyLion by 500.7% in the 2nd quarter. SG Americas Securities LLC now owns 19,906 shares of the company’s stock worth $1,464,000 after acquiring an additional 16,592 shares in the last quarter. Sei Investments Co. acquired a new stake in shares of MoneyLion in the first quarter valued at $1,070,000. Acadian Asset Management LLC raised its holdings in shares of MoneyLion by 114.3% in the first quarter. Acadian Asset Management LLC now owns 45,365 shares of the company’s stock valued at $3,234,000 after buying an additional 24,193 shares during the last quarter. Vanguard Group Inc. grew its holdings in MoneyLion by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock worth $16,588,000 after acquiring an additional 3,107 shares during the last quarter. Finally, Marshall Wace LLP increased its position in MoneyLion by 24.1% in the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock valued at $17,675,000 after acquiring an additional 46,611 shares in the last quarter. 31.43% of the stock is currently owned by institutional investors.

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.