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

MoneyLion Inc. (NYSE:ML) has received an average recommendation of “Buy” from the eight analysts that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $97.86.

ML has been the topic of a number of research analyst reports. Northland Securities boosted their price target on MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Northland Capmk raised shares of MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Thursday, November 7th. Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of MoneyLion in a report on Tuesday, November 26th.

MoneyLion Stock Up 0.8 %

Shares of MoneyLion stock opened at $86.53 on Monday. The company has a market capitalization of $960.48 million, a price-to-earnings ratio of 393.32 and a beta of 3.08. The stock’s 50-day simple moving average is $61.35 and its 200-day simple moving average is $62.88. MoneyLion has a 52 week low of $36.65 and a 52 week high of $106.82.

Insider Activity

In other MoneyLion news, CAO Mark Torossian sold 328 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $80.00, for a total value of $26,240.00. Following the completion of the sale, the chief accounting officer now owns 20,409 shares of the company’s stock, valued at $1,632,720. This trade represents a 1.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Diwakar Choubey sold 16,080 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $90.44, for a total value of $1,454,275.20. Following the transaction, the chief executive officer now directly owns 674,025 shares in the company, valued at approximately $60,958,821. This represents a 2.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,872 shares of company stock valued at $6,842,524. 11.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MoneyLion

A number of institutional investors and hedge funds have recently modified their holdings of ML. SG Americas Securities LLC increased its stake in MoneyLion by 500.7% in the second quarter. SG Americas Securities LLC now owns 19,906 shares of the company’s stock worth $1,464,000 after purchasing an additional 16,592 shares during the period. Vanguard Group Inc. grew its holdings 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 during the last quarter. Marshall Wace LLP increased its stake in MoneyLion by 24.1% in the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after buying an additional 46,611 shares during the period. Bank of Montreal Can lifted its holdings in MoneyLion by 2,060.1% during the 2nd quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock valued at $7,864,000 after buying an additional 98,680 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in MoneyLion in the 2nd quarter valued at about $1,579,000. 31.43% of the stock is owned by institutional investors.

About MoneyLion

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.