Northland Securities Issues Positive Forecast for MoneyLion (NYSE:ML) Stock Price

MoneyLion (NYSE:ML) had its price target raised by investment analysts at Northland Securities from $80.00 to $100.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Northland Securities’ price objective would indicate a potential upside of 15.53% from the stock’s previous close.

ML has been the subject of several other reports. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of MoneyLion in a research note on Tuesday. Northland Capmk raised shares of MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Thursday, November 7th. Finally, Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $97.86.

MoneyLion Stock Down 0.1 %

ML stock opened at $86.56 on Wednesday. The company has a market cap of $960.90 million, a price-to-earnings ratio of 393.45 and a beta of 2.67. MoneyLion has a twelve month low of $36.26 and a twelve month high of $106.82. The business has a 50 day moving average price of $54.99 and a two-hundred day moving average price of $62.53.

Insider Activity at MoneyLion

In other news, insider Timmie Hong sold 2,334 shares of MoneyLion stock in a transaction on Monday, September 16th. The stock was sold at an average price of $42.34, for a total transaction of $98,821.56. Following the completion of the sale, the insider now owns 105,857 shares of the company’s stock, valued at approximately $4,481,985.38. This trade represents a 2.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Diwakar Choubey sold 5,422 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $90.02, for a total transaction of $488,088.44. Following the completion of the transaction, the chief executive officer now owns 710,958 shares in the company, valued at $64,000,439.16. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,680 shares of company stock worth $4,120,514. Insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On MoneyLion

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd increased its stake in MoneyLion by 63.6% during the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after acquiring an additional 255 shares during the period. ClariVest Asset Management LLC increased its position in shares of MoneyLion by 2.6% in the second 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 period. FMR LLC raised its stake in MoneyLion by 154.6% in the third quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after purchasing an additional 637 shares in the last quarter. Point72 DIFC Ltd bought a new stake in MoneyLion during the third quarter worth about $40,000. Finally, GSA Capital Partners LLP grew its stake in MoneyLion by 10.4% during the third quarter. GSA Capital Partners LLP now owns 14,427 shares of the company’s stock worth $599,000 after buying an additional 1,360 shares in the last quarter. 31.43% of the stock is currently owned by institutional investors and hedge funds.

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.