Oppenheimer Initiates Coverage on MoneyLion (NYSE:ML)

Oppenheimer assumed coverage on shares of MoneyLion (NYSE:ML) in a research report issued to clients and investors on Tuesday, StockNewsAPI reports. The firm set a “market perform” rating on the stock.

ML has been the subject of several other research reports. Needham & Company LLC cut their target price on MoneyLion from $100.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. B. Riley restated a “buy” rating and set a $133.00 price target on shares of MoneyLion in a report on Tuesday, June 25th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

MoneyLion Stock Up 2.8 %

Shares of ML opened at $41.54 on Tuesday. The business has a 50-day simple moving average of $48.29 and a two-hundred day simple moving average of $66.67. The stock has a market cap of $436.92 million, a price-to-earnings ratio of -14.32 and a beta of 2.70. MoneyLion has a 52 week low of $17.40 and a 52 week high of $106.82.

MoneyLion (NYSE:ML) last released its 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 return on equity of 0.72% and a net margin of 0.40%. The firm had revenue of $130.90 million during the quarter, compared to analysts’ expectations of $127.03 million. During the same quarter last year, the business posted ($0.42) earnings per share. The firm’s revenue was up 22.9% on a year-over-year basis. On average, equities analysts anticipate that MoneyLion will post 1.4 earnings per share for the current fiscal year.

Insider Buying and Selling at MoneyLion

In other MoneyLion news, insider Timmie Hong sold 2,334 shares of the firm’s 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 transaction, the insider now owns 105,857 shares in the company, valued at approximately $4,481,985.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Timmie Hong sold 2,334 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $42.34, for a total value of $98,821.56. Following the completion of the sale, the insider now directly owns 105,857 shares of the company’s stock, valued at approximately $4,481,985.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark Torossian sold 811 shares of the firm’s stock in a transaction that occurred 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 directly owns 21,395 shares of the company’s stock, valued at $964,914.50. The disclosure for this sale can be found here. Insiders sold 66,737 shares of company stock worth $4,028,078 in the last quarter. 14.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MoneyLion

A number of institutional investors and hedge funds have recently modified their holdings of the business. ClariVest Asset Management LLC lifted its stake in shares of MoneyLion by 2.6% during the 2nd quarter. ClariVest Asset Management LLC now owns 10,175 shares of the company’s stock worth $748,000 after acquiring an additional 257 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of MoneyLion during the 1st quarter worth approximately $70,000. Empowered Funds LLC lifted its stake in shares of MoneyLion by 8.2% during the 1st quarter. Empowered Funds LLC now owns 13,896 shares of the company’s stock worth $991,000 after acquiring an additional 1,050 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of MoneyLion by 26.8% during the 2nd quarter. American Century Companies Inc. now owns 9,808 shares of the company’s stock worth $721,000 after acquiring an additional 2,076 shares during the last quarter. Finally, Quantbot Technologies LP increased its holdings in MoneyLion by 69.9% during the 1st quarter. Quantbot Technologies LP now owns 5,167 shares of the company’s stock worth $369,000 after purchasing an additional 2,125 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.