MoneyLion Inc. (NYSE:ML) Given Average Rating of “Buy” by Analysts

Shares of MoneyLion Inc. (NYSE:ML) have earned an average recommendation of “Buy” from the five analysts that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $101.00.

Several research analysts have recently issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $133.00 price objective on shares of MoneyLion in a report on Tuesday, June 25th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of MoneyLion in a research report on Monday, June 24th. Craig Hallum boosted their price objective on MoneyLion from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, Lake Street Capital raised their target price on MoneyLion from $75.00 to $109.00 and gave the company a “buy” rating in a research note on Monday, April 15th.

Insider Transactions at MoneyLion

In other news, CFO Richard Correia sold 28,675 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $90.40, for a total transaction of $2,592,220.00. Following the completion of the sale, the chief financial officer now directly owns 232,325 shares of the company’s stock, valued at $21,002,180. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other MoneyLion news, Director Jeff Gary sold 879 shares of MoneyLion stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $85.85, for a total transaction of $75,462.15. Following the transaction, the director now directly owns 11,817 shares in the company, valued at approximately $1,014,489.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Richard Correia sold 28,675 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $90.40, for a total value of $2,592,220.00. Following the completion of the sale, the chief financial officer now owns 232,325 shares of the company’s stock, valued at approximately $21,002,180. The disclosure for this sale can be found here. Insiders sold a total of 72,003 shares of company stock valued at $6,175,744 in the last three months. 14.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC acquired a new position in MoneyLion in the fourth quarter worth approximately $35,000. EntryPoint Capital LLC acquired a new stake in MoneyLion in the 1st quarter valued at approximately $70,000. SG Americas Securities LLC acquired a new position in shares of MoneyLion during the first quarter valued at about $236,000. B. Riley Wealth Advisors Inc. bought a new position in shares of MoneyLion during the 4th quarter worth about $248,000. Finally, Quantbot Technologies LP raised its stake in MoneyLion by 69.9% during the first quarter. Quantbot Technologies LP now owns 5,167 shares of the company’s stock worth $369,000 after acquiring an additional 2,125 shares in the last quarter. 31.43% of the stock is owned by institutional investors and hedge funds.

MoneyLion Stock Performance

Shares of ML stock opened at $74.76 on Friday. MoneyLion has a 1 year low of $10.81 and a 1 year high of $106.82. The firm has a market capitalization of $786.33 million, a PE ratio of -25.78 and a beta of 2.74. The stock has a fifty day moving average of $80.93 and a two-hundred day moving average of $67.78.

MoneyLion (NYSE:ML) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.89. The business had revenue of $121.00 million during the quarter, compared to the consensus estimate of $116.32 million. MoneyLion had a negative net margin of 6.42% and a negative return on equity of 3.02%. The company’s quarterly revenue was up 29.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.29) earnings per share. Equities research analysts predict that MoneyLion will post 1.45 earnings per share for the current fiscal year.

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.