MoneyLion (NYSE:ML) Releases Quarterly Earnings Results, Misses Expectations By $0.40 EPS

MoneyLion (NYSE:ML) announced its earnings results on Tuesday. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.40), Zacks reports. MoneyLion had a return on equity of 1.18% and a net margin of 0.64%.

MoneyLion Stock Up 0.1 %

Shares of NYSE ML opened at $85.62 on Tuesday. MoneyLion has a twelve month low of $36.65 and a twelve month high of $106.82. The company’s fifty day moving average is $86.61 and its 200-day moving average is $66.71. The stock has a market cap of $950.51 million, a price-to-earnings ratio of 389.25 and a beta of 3.06.

Insider Activity

In related news, CEO Diwakar Choubey sold 720 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $90.01, for a total transaction of $64,807.20. Following the completion of the transaction, the chief executive officer now directly owns 690,105 shares of the company’s stock, valued at approximately $62,116,351.05. This represents a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Timmie Hong sold 6,094 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $86.84, for a total transaction of $529,202.96. Following the completion of the transaction, the insider now directly owns 86,015 shares of the company’s stock, valued at $7,469,542.60. This represents a 6.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 115,595 shares of company stock worth $10,123,048 in the last 90 days. Corporate insiders own 11.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ML shares. Northland Securities upped their price objective on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Thursday, November 7th. Needham & Company LLC reiterated a “hold” rating and set a $100.00 price target on shares of MoneyLion in a research note on Wednesday, December 11th. Finally, Lake Street Capital restated a “hold” rating and issued a $82.00 price objective (down previously from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, MoneyLion currently has an average rating of “Buy” and a consensus price target of $100.00.

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.