MoneyLion (ML) Expected to Announce Quarterly Earnings on Thursday

MoneyLion (NYSE:ML) is projected to announce its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $0.51 per share and revenue of $150.34 million for the quarter.

MoneyLion Trading Down 0.1 %

Shares of NYSE ML opened at $87.02 on Tuesday. The firm has a market capitalization of $966.01 million, a price-to-earnings ratio of 395.55 and a beta of 3.06. MoneyLion has a one year low of $36.65 and a one year high of $106.82. The business has a fifty day simple moving average of $86.62 and a 200 day simple moving average of $68.14.

Insiders Place Their Bets

In related news, insider Adam Vanwagner sold 5,326 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total value of $464,746.76. Following the completion of the transaction, the insider now owns 85,306 shares in the company, valued at $7,443,801.56. The trade was a 5.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Timmie Hong sold 6,094 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $86.84, for a total value of $529,202.96. Following the completion of the transaction, the insider now owns 86,015 shares in the company, valued at $7,469,542.60. The trade was a 6.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,403 shares of company stock valued at $7,401,038. 11.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ML. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Thursday, November 7th. Lake Street Capital reaffirmed a “hold” rating and set a $82.00 price objective (down from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Needham & Company LLC reissued a “hold” rating and issued a $100.00 target price on shares of MoneyLion in a report on Wednesday, December 11th. Northland Securities raised their target price on MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, B. Riley cut MoneyLion from a “buy” rating to a “neutral” rating and lowered their price target for the company from $133.00 to $90.00 in a research report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.83.

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.