MoneyLion (NYSE:ML) Now Covered by Northland Securities

Northland Securities initiated coverage on shares of MoneyLion (NYSE:ML) in a report released on Wednesday morning, Benzinga reports. The firm issued an outperform rating and a $60.00 target price on the stock.

Several other research analysts also recently commented on ML. Cantor Fitzgerald raised shares of MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Oppenheimer began coverage on shares of MoneyLion in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Needham & Company LLC restated a “buy” rating and set a $70.00 price target on shares of MoneyLion in a research report on Friday, October 4th. Finally, B. Riley reiterated a “buy” rating and issued a $133.00 price objective on shares of MoneyLion in a report on Tuesday, June 25th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $89.17.

MoneyLion Stock Performance

Shares of NYSE:ML opened at $48.14 on Wednesday. The firm has a fifty day moving average of $42.87 and a 200 day moving average of $64.39. MoneyLion has a 52-week low of $17.40 and a 52-week high of $106.82. The firm has a market capitalization of $506.34 million, a PE ratio of -16.60 and a beta of 2.69.

MoneyLion (NYSE:ML) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.27. The firm had revenue of $130.90 million during the quarter, compared to analysts’ expectations of $127.03 million. MoneyLion had a return on equity of 0.72% and a net margin of 0.40%. The company’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.42) EPS. On average, sell-side analysts forecast that MoneyLion will post 1.33 EPS for the current fiscal year.

Insider Buying and Selling

In other MoneyLion news, insider Timmie Hong sold 2,334 shares of the company’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 of the company’s stock, valued at $4,481,985.38. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other MoneyLion news, insider Timmie Hong sold 2,334 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $42.34, for a total transaction of $98,821.56. Following the transaction, the insider now directly owns 105,857 shares of the company’s stock, valued at approximately $4,481,985.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Diwakar Choubey sold 20,133 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $45.10, for a total transaction of $907,998.30. Following the completion of the sale, the chief executive officer now directly owns 716,380 shares of the company’s stock, valued at approximately $32,308,738. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,555 shares of company stock valued at $1,867,689 over the last ninety days. 14.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. bought a new stake in shares of MoneyLion during the fourth quarter valued at approximately $248,000. GSA Capital Partners LLP boosted its holdings in shares of MoneyLion by 13.5% during the 1st quarter. GSA Capital Partners LLP now owns 18,223 shares of the company’s stock valued at $1,300,000 after buying an additional 2,165 shares in the last quarter. Quantbot Technologies LP grew its position in shares of MoneyLion by 69.9% in the 1st quarter. Quantbot Technologies LP now owns 5,167 shares of the company’s stock worth $369,000 after buying an additional 2,125 shares during the period. Empowered Funds LLC increased its stake in shares of 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 in the last quarter. Finally, SG Americas Securities LLC purchased a new position in MoneyLion during the 1st quarter valued at about $236,000. Hedge funds and other institutional investors 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.