MoneyLion (NYSE:ML) Stock Price Down 4.3%

MoneyLion Inc. (NYSE:ML) fell 4.3% during mid-day trading on Wednesday . The stock traded as low as $68.43 and last traded at $69.91. 82,132 shares changed hands during trading, a decline of 53% from the average session volume of 175,458 shares. The stock had previously closed at $73.02.

Wall Street Analyst Weigh In

Several research analysts recently commented on ML shares. B. Riley reiterated a “buy” rating and issued a $133.00 price target on shares of MoneyLion in a research report on Tuesday. Lake Street Capital boosted their target price on MoneyLion from $75.00 to $109.00 and gave the company a “buy” rating in a research report on Monday, April 15th. TheStreet upgraded MoneyLion from a “d” rating to a “c-” rating in a report on Thursday, March 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of MoneyLion in a research note on Monday. Finally, Craig Hallum boosted their price objective on shares of MoneyLion from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $101.00.

MoneyLion Stock Performance

The stock has a fifty day moving average of $80.13 and a 200-day moving average of $66.17. The company has a market cap of $736.40 million, a PE ratio of -23.78 and a beta of 2.81.

MoneyLion (NYSE:ML) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.89. MoneyLion had a negative net margin of 6.42% and a negative return on equity of 3.02%. The firm had revenue of $121.00 million for the quarter, compared to analysts’ expectations of $116.32 million. During the same period in the prior year, the business posted ($1.29) earnings per share. The business’s revenue for the quarter was up 29.1% on a year-over-year basis. As a group, equities analysts anticipate that MoneyLion Inc. will post 1.45 EPS for the current fiscal year.

Insider Transactions at MoneyLion

In other MoneyLion news, CEO Diwakar Choubey sold 22,738 shares of MoneyLion stock in a transaction on Monday, June 17th. The stock was sold at an average price of $80.95, for a total transaction of $1,840,641.10. Following the completion of the sale, the chief executive officer now directly owns 754,160 shares of the company’s stock, valued at approximately $61,049,252. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Jeff Gary sold 879 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $85.85, for a total value of $75,462.15. Following the completion of the sale, the director now owns 11,817 shares of the company’s stock, valued at approximately $1,014,489.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Diwakar Choubey sold 22,738 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $80.95, for a total transaction of $1,840,641.10. Following the completion of the transaction, the chief executive officer now directly owns 754,160 shares of the company’s stock, valued at approximately $61,049,252. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,003 shares of company stock valued at $6,175,744. 14.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC purchased a new stake in MoneyLion during the fourth quarter valued at approximately $35,000. Orion Capital Management LLC purchased a new stake in shares of MoneyLion during the 3rd quarter valued at $50,000. EntryPoint Capital LLC acquired a new stake in shares of MoneyLion in the 1st quarter worth $70,000. SG Americas Securities LLC purchased a new position in MoneyLion during the 1st quarter worth $236,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in MoneyLion during the 4th quarter valued at about $248,000. 31.43% of the stock is currently owned by hedge funds and other 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.