MoneyLion Inc. (NYSE:ML) Given Average Rating of “Buy” by Brokerages

MoneyLion Inc. (NYSE:ML) has earned a consensus rating of “Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $100.00.

Several research firms recently weighed in on ML. Northland Securities raised 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 raised shares of MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Oppenheimer upgraded 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. Needham & Company LLC reiterated a “hold” rating and issued a $100.00 target price on shares of MoneyLion in a research note on Wednesday, December 11th. Finally, Northland Capmk raised MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th.

MoneyLion Stock Performance

Shares of NYSE ML opened at $86.21 on Friday. The stock has a market capitalization of $957.02 million, a PE ratio of 391.86 and a beta of 3.08. MoneyLion has a 52 week low of $36.65 and a 52 week high of $106.82. The stock has a 50 day moving average price of $76.99 and a 200 day moving average price of $62.33.

Insider Buying and Selling at MoneyLion

In other news, insider Timmie Hong sold 6,094 shares of MoneyLion stock in a transaction on Monday, December 16th. The stock was sold at an average price of $86.84, for a total transaction of $529,202.96. Following the completion of the sale, the insider now owns 86,015 shares of the company’s stock, valued at approximately $7,469,542.60. This trade represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Mark Torossian sold 328 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $80.00, for a total transaction of $26,240.00. Following the completion of the transaction, the chief accounting officer now owns 20,409 shares in the company, valued at $1,632,720. This trade represents a 1.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 113,632 shares of company stock valued at $9,428,405 in the last three months. 11.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Divisadero Street Capital Management LP bought a new stake in shares of MoneyLion in the second quarter valued at approximately $13,427,000. Bank of Montreal Can raised its holdings in MoneyLion by 2,060.1% in the 2nd quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock valued at $7,864,000 after acquiring an additional 98,680 shares in the last quarter. Driehaus Capital Management LLC lifted its position in shares of 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 acquiring an additional 96,433 shares during the period. Renaissance Technologies LLC grew its holdings in shares of MoneyLion by 64.2% during the 2nd quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock worth $15,747,000 after purchasing an additional 83,700 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of MoneyLion by 24.1% in the second quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after purchasing an additional 46,611 shares during the period. 31.43% of the stock is 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.