MoneyLion Inc. (NYSE:ML) Given Consensus Recommendation of “Buy” by Brokerages

Shares of MoneyLion Inc. (NYSE:ML) have earned a consensus rating of “Buy” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $100.00.

Several research analysts recently weighed in on ML shares. Lake Street Capital reaffirmed a “hold” rating and set a $82.00 target price (down previously from $109.00) on shares of MoneyLion in a research note on Wednesday. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Thursday, November 7th. Northland Securities increased their target price on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Needham & Company LLC reaffirmed a “hold” rating and issued a $100.00 price target on shares of MoneyLion in a report on Wednesday.

MoneyLion Stock Performance

Shares of NYSE ML opened at $87.46 on Monday. MoneyLion has a 1 year low of $36.65 and a 1 year high of $106.82. The firm has a market cap of $970.89 million, a P/E ratio of 397.55 and a beta of 3.08. The stock has a fifty day moving average price of $66.00 and a two-hundred day moving average price of $62.97.

Insider Buying and Selling

In related news, insider Timmie Hong sold 2,504 shares of the 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 completion of the sale, the insider now directly owns 103,353 shares of the company’s stock, valued at approximately $4,997,117.55. This represents a 2.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Diwakar Choubey sold 16,080 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $90.44, for a total value of $1,454,275.20. Following the sale, the chief executive officer now owns 674,025 shares of the company’s stock, valued at $60,958,821. The trade was a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 109,872 shares of company stock valued at $8,998,024. Company insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Covestor Ltd raised its stake in shares of MoneyLion by 63.6% during the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after purchasing an additional 255 shares in the last quarter. Point72 DIFC Ltd acquired a new position in MoneyLion in the third quarter worth approximately $40,000. FMR LLC increased its holdings in MoneyLion by 154.6% in the third quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after buying an additional 637 shares during the last quarter. Quest Partners LLC raised its position in MoneyLion by 3,016.7% during the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after acquiring an additional 3,801 shares in the last quarter. Finally, Fiducient Advisors LLC acquired a new stake in MoneyLion in the second quarter valued at approximately $204,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

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.