MoneyLion Inc. (NYSE:ML) Receives $52.25 Average PT from Brokerages

Shares of MoneyLion Inc. (NYSE:MLGet Free Report) have been assigned a consensus recommendation of “Buy” from the four brokerages that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $52.25.

Several brokerages recently commented on ML. Needham & Company LLC began coverage on shares of MoneyLion in a report on Wednesday. They set a “buy” rating and a $90.00 price target on the stock. TheStreet upgraded shares of MoneyLion from a “d” rating to a “c-” rating in a research note on Thursday, March 7th. Craig Hallum upped their target price on shares of MoneyLion from $30.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Lake Street Capital initiated coverage on shares of MoneyLion in a research note on Tuesday, December 19th. They issued a “buy” rating and a $75.00 target price on the stock. Finally, Cantor Fitzgerald upped their target price on shares of MoneyLion from $30.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th.

View Our Latest Stock Analysis on ML

Insider Transactions at MoneyLion

In other news, CEO Diwakar Choubey sold 9,338 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.87, for a total value of $680,460.06. Following the completion of the sale, the chief executive officer now owns 796,024 shares of the company’s stock, valued at approximately $58,006,268.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Diwakar Choubey sold 9,338 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.87, for a total value of $680,460.06. Following the completion of the sale, the chief executive officer now owns 796,024 shares of the company’s stock, valued at approximately $58,006,268.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeff Gary sold 945 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $61.10, for a total transaction of $57,739.50. Following the sale, the director now directly owns 7,731 shares of the company’s stock, valued at approximately $472,364.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,111 shares of company stock valued at $9,789,064. Company insiders own 14.10% of the company’s stock.

Institutional Investors Weigh In On MoneyLion

A number of hedge funds and other institutional investors have recently bought and sold shares of ML. Barclays PLC lifted its position in MoneyLion by 200.7% during the fourth quarter. Barclays PLC now owns 50,760 shares of the company’s stock valued at $32,000 after acquiring an additional 33,878 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in MoneyLion during the fourth quarter valued at approximately $35,000. Millennium Management LLC lifted its position in MoneyLion by 147.1% during the fourth quarter. Millennium Management LLC now owns 57,190 shares of the company’s stock valued at $35,000 after acquiring an additional 34,046 shares during the last quarter. Kore Private Wealth LLC purchased a new stake in MoneyLion during the second quarter valued at approximately $46,000. Finally, SVB Financial Group acquired a new position in MoneyLion during the 4th quarter valued at approximately $46,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

MoneyLion Stock Up 1.0 %

MoneyLion stock opened at $67.10 on Wednesday. The company’s 50-day moving average price is $56.32 and its 200-day moving average price is $43.88. MoneyLion has a twelve month low of $7.50 and a twelve month high of $79.26. The company has a market cap of $705.89 million, a PE ratio of -14.01 and a beta of 2.71.

MoneyLion (NYSE:MLGet Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($0.39) EPS for the quarter, beating the consensus estimate of ($0.59) by $0.20. The company had revenue of $112.96 million for the quarter, compared to the consensus estimate of $113.50 million. MoneyLion had a negative net margin of 10.69% and a negative return on equity of 11.19%. During the same period in the prior year, the firm posted ($3.00) EPS. As a group, sell-side analysts expect that MoneyLion will post -0.06 earnings per share for the current fiscal year.

MoneyLion Company Profile

(Get Free Report

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.

Further Reading

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