MoneyLion (NYSE:ML) Lifted to “Strong-Buy” at Northland Capmk

Northland Capmk upgraded shares of MoneyLion (NYSE:ML) to a strong-buy rating in a report published on Wednesday, Zacks.com reports. Northland Capmk also issued estimates for MoneyLion’s Q3 2024 earnings at $0.06 EPS, 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.

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

MoneyLion Trading Down 3.9 %

ML stock opened at $46.43 on Wednesday. The business has a 50 day simple moving average of $42.94 and a 200-day simple moving average of $64.12. The company has a market capitalization of $488.35 million, a P/E ratio of -16.01 and a beta of 2.69. MoneyLion has a twelve month low of $17.40 and a twelve month high of $106.82.

MoneyLion (NYSE:ML) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.27. The firm had revenue of $130.90 million during the quarter, compared to analysts’ expectations of $127.03 million. MoneyLion had a net margin of 0.40% and a return on equity of 0.72%. MoneyLion’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.42) EPS. Research analysts predict that MoneyLion will post 1.33 EPS for the current fiscal year.

Insider Transactions at MoneyLion

In other news, insider Timmie Hong sold 2,504 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $48.35, for a total value of $121,068.40. Following the completion of the transaction, the insider now owns 103,353 shares in the company, valued at $4,997,117.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other MoneyLion news, CEO Diwakar Choubey sold 20,133 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total transaction of $907,998.30. Following the sale, the chief executive officer now directly owns 716,380 shares in the company, valued at approximately $32,308,738. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timmie Hong sold 2,504 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $48.35, for a total value of $121,068.40. Following the completion of the sale, the insider now directly owns 103,353 shares in the company, valued at $4,997,117.55. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,059 shares of company stock valued at $1,988,757 in the last ninety days. 14.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. ClariVest Asset Management LLC raised its position in shares of MoneyLion by 2.6% during the 2nd quarter. ClariVest Asset Management LLC now owns 10,175 shares of the company’s stock worth $748,000 after purchasing an additional 257 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of MoneyLion in the first quarter worth $70,000. Empowered Funds LLC raised its holdings in shares of MoneyLion by 8.2% in the first quarter. Empowered Funds LLC now owns 13,896 shares of the company’s stock worth $991,000 after acquiring an additional 1,050 shares during the last quarter. American Century Companies Inc. lifted its position in shares of MoneyLion by 26.8% in the second quarter. American Century Companies Inc. now owns 9,808 shares of the company’s stock valued at $721,000 after acquiring an additional 2,076 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in shares of MoneyLion by 69.9% during the first quarter. Quantbot Technologies LP now owns 5,167 shares of the company’s stock valued at $369,000 after acquiring an additional 2,125 shares during the last quarter. Institutional investors and hedge funds own 31.43% of the company’s stock.

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.