MoneyLion (NYSE:ML) Stock Price Up 5.1%

MoneyLion Inc. (NYSE:ML) shares were up 5.1% during trading on Tuesday . The stock traded as high as $76.90 and last traded at $75.55. Approximately 26,122 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 173,917 shares. The stock had previously closed at $71.89.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ML. B. Riley reissued a “buy” rating and issued a $133.00 target price on shares of MoneyLion in a report on Tuesday. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of MoneyLion in a report on Monday. Lake Street Capital upped their target price on shares of MoneyLion from $75.00 to $109.00 and gave the company a “buy” rating in a report on Monday, April 15th. Craig Hallum lifted their price target on shares of MoneyLion from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, TheStreet upgraded MoneyLion from a “d” rating to a “c-” rating in a research note on Thursday, March 7th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, MoneyLion presently has an average rating of “Buy” and an average target price of $101.00.

MoneyLion Trading Down 3.9 %

The company has a market cap of $738.29 million, a PE ratio of -24.20 and a beta of 2.81. The business’s 50 day moving average is $80.09 and its two-hundred day moving average is $66.20.

MoneyLion (NYSE:ML) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.89. MoneyLion had a negative return on equity of 3.02% and a negative net margin of 6.42%. The business had revenue of $121.00 million for the quarter, compared to analysts’ expectations of $116.32 million. During the same period last year, the firm earned ($1.29) earnings per share. The business’s quarterly revenue was up 29.1% on a year-over-year basis. As a group, equities research analysts predict that MoneyLion Inc. will post 1.45 EPS for the current fiscal year.

Insider Buying and Selling at MoneyLion

In other MoneyLion news, Director Jeff Gary sold 879 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $85.85, for a total value of $75,462.15. Following the sale, the director now owns 11,817 shares in the company, valued at approximately $1,014,489.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Diwakar Choubey sold 22,738 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $80.95, for a total value of $1,840,641.10. Following the sale, the chief executive officer now owns 754,160 shares in the company, valued at $61,049,252. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeff Gary sold 879 shares of the stock in a transaction 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 owns 11,817 shares of the company’s stock, valued at approximately $1,014,489.45. 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 Trading of MoneyLion

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC bought a new position in MoneyLion during the fourth quarter valued at $35,000. EntryPoint Capital LLC bought a new position in MoneyLion during the 1st quarter valued at about $70,000. Orion Capital Management LLC bought a new position in MoneyLion during the 3rd quarter valued at about $50,000. SG Americas Securities LLC purchased a new stake in MoneyLion in the 1st quarter worth about $236,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in MoneyLion in the fourth quarter worth about $248,000. 31.43% of the stock is currently owned by institutional investors.

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.