Q3 Earnings Forecast for MoneyLion Issued By Northland Capmk

MoneyLion Inc. (NYSE:ML) – Analysts at Northland Capmk issued their Q3 2024 earnings per share estimates for MoneyLion in a research report issued on Wednesday, October 16th. Northland Capmk analyst M. Grondahl forecasts that the company will post earnings per share of $0.06 for the quarter. Northland Capmk currently has a “Strong-Buy” rating on the stock. The consensus estimate for MoneyLion’s current full-year earnings is $1.33 per share. Northland Capmk also issued estimates for MoneyLion’s Q4 2024 earnings at $0.14 EPS, FY2024 earnings at $1.04 EPS, Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.63 EPS, Q4 2025 earnings at $0.49 EPS and FY2025 earnings at $1.70 EPS.

MoneyLion (NYSE:ML) last announced its earnings results on Tuesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.27. The firm had revenue of $130.90 million during the quarter, compared to analyst estimates of $127.03 million. MoneyLion had a return on equity of 0.72% and a net margin of 0.40%. The business’s revenue was up 22.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.42) EPS.

Other research analysts have also issued reports about the stock. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price objective on shares of MoneyLion in a research note on Friday, October 4th. Northland Securities initiated coverage on shares of MoneyLion in a report on Wednesday. They issued an “outperform” rating and a $60.00 price target for the company. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. B. Riley reaffirmed a “buy” rating and issued a $133.00 price target on shares of MoneyLion in a report on Tuesday, June 25th. Finally, Oppenheimer assumed coverage on MoneyLion in a report on Tuesday, October 1st. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $89.17.

MoneyLion Trading Down 3.9 %

Shares of NYSE ML opened at $46.44 on Friday. The firm has a market cap of $488.46 million, a price-to-earnings ratio of -16.01 and a beta of 2.69. The stock has a fifty day simple moving average of $42.94 and a two-hundred day simple moving average of $64.14. MoneyLion has a 1-year low of $17.40 and a 1-year high of $106.82.

Institutional Trading of MoneyLion

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. EntryPoint Capital LLC purchased a new position in shares of MoneyLion in the first quarter valued at about $70,000. Fiducient Advisors LLC bought a new position in MoneyLion in the 2nd quarter worth approximately $204,000. Commonwealth Equity Services LLC purchased a new stake in MoneyLion during the 2nd quarter valued at approximately $227,000. Private Ocean LLC bought a new stake in shares of MoneyLion during the second quarter valued at approximately $238,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of MoneyLion in the second quarter worth $241,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

Insider Activity at MoneyLion

In other MoneyLion news, insider Timmie Hong sold 5,139 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $45.10, for a total transaction of $231,768.90. Following the completion of the transaction, the insider now owns 110,558 shares of the company’s stock, valued at approximately $4,986,165.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Mark Torossian sold 811 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 transaction of $36,576.10. Following the sale, the chief accounting officer now owns 21,395 shares of the company’s stock, valued at $964,914.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Timmie Hong sold 5,139 shares of MoneyLion stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total transaction of $231,768.90. Following the completion of the sale, the insider now directly owns 110,558 shares of the company’s stock, valued at approximately $4,986,165.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,059 shares of company stock worth $1,988,757 over the last ninety days. 14.10% of the stock is owned by corporate insiders.

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.