MoneyLion Inc. (NYSE:ML) Receives Average Rating of “Buy” from Brokerages

Shares of MoneyLion Inc. (NYSE:ML) have been assigned a consensus rating of “Buy” from the five research firms that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $95.00.

A number of brokerages recently issued reports on ML. B. Riley reiterated a “buy” rating and issued a $133.00 price target on shares of MoneyLion in a report on Tuesday, June 25th. Needham & Company LLC lowered their target price on MoneyLion from $100.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, August 7th.

MoneyLion Stock Performance

Shares of NYSE ML opened at $40.39 on Wednesday. MoneyLion has a fifty-two week low of $17.40 and a fifty-two week high of $106.82. The company has a market cap of $424.82 million, a price-to-earnings ratio of -13.93 and a beta of 2.70. The business’s 50 day moving average price is $48.84 and its 200-day moving average price is $66.82.

MoneyLion (NYSE:ML) last released its earnings results on Tuesday, August 6th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.27. The business had revenue of $130.90 million during the quarter, compared to the consensus estimate of $127.03 million. MoneyLion had a return on equity of 0.72% and a net margin of 0.40%. The business’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period last year, the company earned ($0.42) earnings per share. Sell-side analysts predict that MoneyLion will post 1.4 earnings per share for the current year.

Insider Buying and Selling at MoneyLion

In other news, CEO Diwakar Choubey sold 17,647 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $86.56, for a total value of $1,527,524.32. Following the completion of the transaction, the chief executive officer now directly owns 736,513 shares of the company’s stock, valued at approximately $63,752,565.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Diwakar Choubey sold 17,647 shares of MoneyLion stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $86.56, for a total value of $1,527,524.32. Following the transaction, the chief executive officer now owns 736,513 shares of the company’s stock, valued at approximately $63,752,565.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Timmie Hong sold 7,535 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $83.99, for a total transaction of $632,864.65. Following the transaction, the insider now owns 115,697 shares of the company’s stock, valued at approximately $9,717,391.03. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,737 shares of company stock valued at $4,028,078. 14.10% of the stock is currently owned by corporate insiders.

Institutional Trading of MoneyLion

Institutional investors have recently made changes to their positions in the business. ClariVest Asset Management LLC grew its position in 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 purchasing an additional 257 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of MoneyLion in the 1st quarter valued at $70,000. Empowered Funds LLC raised its stake in MoneyLion by 8.2% in 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 position in 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 period. Finally, Quantbot Technologies LP grew its stake in MoneyLion by 69.9% during the 1st quarter. Quantbot Technologies LP now owns 5,167 shares of the company’s stock valued at $369,000 after purchasing an additional 2,125 shares during the last quarter. Institutional investors and hedge funds own 31.43% of the company’s stock.

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.