MoneyLion (NYSE:ML) Stock Price Expected to Rise, Northland Securities Analyst Says

MoneyLion (NYSE:ML) had its price target boosted by research analysts at Northland Securities from $60.00 to $80.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Northland Securities’ price target would indicate a potential upside of 0.76% from the stock’s current price.

Several other research firms have also weighed in on ML. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 target price on shares of MoneyLion in a research report on Friday, October 4th. Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $90.71.

MoneyLion Stock Up 14.7 %

Shares of NYSE:ML traded up $10.16 during midday trading on Friday, reaching $79.40. The company’s stock had a trading volume of 290,677 shares, compared to its average volume of 199,920. The firm has a market cap of $871.02 million, a price-to-earnings ratio of 1,113.00 and a beta of 2.67. The business has a 50 day moving average price of $43.60 and a 200 day moving average price of $61.48. MoneyLion has a 1 year low of $25.16 and a 1 year high of $106.82.

MoneyLion (NYSE:ML) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.27. MoneyLion had a net margin of 0.40% and a return on equity of 0.72%. The company had revenue of $130.90 million during the quarter, compared to the consensus estimate of $127.03 million. During the same quarter in the prior year, the company posted ($0.42) EPS. The company’s quarterly revenue was up 22.9% compared to the same quarter last year. Sell-side analysts anticipate that MoneyLion will post 1.23 earnings per share for the current fiscal year.

Insider Activity

In other MoneyLion news, insider Timmie Hong sold 5,139 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $45.10, for a total value of $231,768.90. Following the transaction, the insider now owns 110,558 shares of the company’s stock, valued at $4,986,165.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other MoneyLion news, CFO Richard Correia sold 13,138 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $45.10, for a total transaction of $592,523.80. Following the sale, the chief financial officer now directly owns 219,187 shares in the company, valued at approximately $9,885,333.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timmie Hong sold 5,139 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $45.10, for a total value of $231,768.90. Following the transaction, the insider now directly owns 110,558 shares of the company’s stock, valued at approximately $4,986,165.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,059 shares of company stock worth $1,988,757. 11.90% of the stock is currently owned by corporate insiders.

Institutional Trading of MoneyLion

Several institutional investors and hedge funds have recently bought and sold shares of ML. Marshall Wace LLP raised its position in MoneyLion by 24.1% during the second quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock valued at $17,675,000 after buying an additional 46,611 shares during the period. Vanguard Group Inc. lifted its position in shares of MoneyLion by 1.4% in the first quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock worth $16,588,000 after purchasing an additional 3,107 shares in the last quarter. Driehaus Capital Management LLC boosted its holdings in shares of MoneyLion by 77.1% during the second quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock worth $16,288,000 after purchasing an additional 96,433 shares during the period. Renaissance Technologies LLC grew its position in MoneyLion by 64.2% during the second quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock valued at $15,747,000 after purchasing an additional 83,700 shares in the last quarter. Finally, Divisadero Street Capital Management LP acquired a new position in MoneyLion in the 2nd quarter valued at approximately $13,427,000. 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.