Brokerages Set MoneyLion Inc. (NYSE:ML) PT at $97.86

MoneyLion Inc. (NYSE:ML) has received a consensus rating of “Buy” from the eight research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $94.00.

Several equities analysts have recently weighed in on ML shares. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Thursday, November 7th. Lake Street Capital restated a “hold” rating and set a $82.00 target price (down from $109.00) on shares of MoneyLion in a report on Wednesday. Northland Securities upped their price target on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th.

Insiders Place Their Bets

In other MoneyLion news, CAO Mark Torossian sold 328 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $80.00, for a total value of $26,240.00. Following the transaction, the chief accounting officer now owns 20,409 shares in the company, valued at approximately $1,632,720. This represents a 1.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timmie Hong sold 2,504 shares of MoneyLion stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $48.35, for a total transaction of $121,068.40. Following the sale, the insider now directly owns 103,353 shares of the company’s stock, valued at $4,997,117.55. This trade represents a 2.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 109,872 shares of company stock worth $8,998,024. Corporate insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On MoneyLion

A number of hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC boosted its position in MoneyLion by 500.7% during the second quarter. SG Americas Securities LLC now owns 19,906 shares of the company’s stock valued at $1,464,000 after purchasing an additional 16,592 shares during the last quarter. Vanguard Group Inc. increased its position in MoneyLion by 1.4% in the 1st 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 raised its stake in shares of MoneyLion by 24.1% during the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after purchasing an additional 46,611 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of 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 during the last quarter. Finally, Thompson Siegel & Walmsley LLC bought a new stake in shares of MoneyLion in the 2nd quarter valued at approximately $1,579,000. 31.43% of the stock is owned by institutional investors and hedge funds.

MoneyLion Stock Down 1.0 %

Shares of ML stock opened at $87.18 on Monday. The stock has a 50-day simple moving average of $64.06 and a 200 day simple moving average of $62.85. MoneyLion has a fifty-two week low of $36.65 and a fifty-two week high of $106.82. The stock has a market capitalization of $967.79 million, a P/E ratio of 396.27 and a beta of 3.08.

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.