B. Riley Wealth Advisors Inc. Purchases Shares of 3,930 MoneyLion Inc. (NYSE:ML)

B. Riley Wealth Advisors Inc. acquired a new position in MoneyLion Inc. (NYSE:ML) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,930 shares of the company’s stock, valued at approximately $289,000.

Other hedge funds have also made changes to their positions in the company. EntryPoint Capital LLC acquired a new position in MoneyLion during the 1st quarter worth approximately $70,000. Fiducient Advisors LLC acquired a new position in shares of MoneyLion during the second quarter worth $204,000. Commonwealth Equity Services LLC purchased a new position in shares of MoneyLion in the second quarter valued at $227,000. SG Americas Securities LLC acquired a new stake in MoneyLion during the 1st quarter valued at $236,000. Finally, Private Ocean LLC purchased a new stake in MoneyLion during the 2nd quarter worth $238,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

MoneyLion Stock Up 0.6 %

Shares of MoneyLion stock opened at $40.27 on Wednesday. The business has a 50-day moving average price of $45.14 and a 200 day moving average price of $65.81. MoneyLion Inc. has a fifty-two week low of $17.40 and a fifty-two week high of $106.82. The firm has a market cap of $423.56 million, a P/E ratio of -13.89 and a beta of 2.69.

MoneyLion (NYSE:ML) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.27. MoneyLion had a return on equity of 0.72% and a net margin of 0.40%. The business had revenue of $130.90 million during the quarter, compared to the consensus estimate of $127.03 million. During the same period in the previous year, the business earned ($0.42) EPS. The business’s quarterly revenue was up 22.9% on a year-over-year basis. As a group, equities research analysts anticipate that MoneyLion Inc. will post 1.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ML. Needham & Company LLC restated a “buy” rating and set a $70.00 target price on shares of MoneyLion in a research note on Friday, October 4th. Oppenheimer started coverage on MoneyLion in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. B. Riley reaffirmed a “buy” rating and issued a $133.00 target price on shares of MoneyLion in a research report on Tuesday, June 25th. Finally, Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $95.00.

Insider Transactions at MoneyLion

In related news, insider Timmie Hong sold 2,334 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were 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 $4,481,985.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other MoneyLion news, CFO Richard Correia sold 13,138 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total value of $592,523.80. Following the sale, the chief financial officer now directly owns 219,187 shares in the company, valued at approximately $9,885,333.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Timmie Hong sold 2,334 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $42.34, for a total transaction of $98,821.56. Following the transaction, the insider now directly owns 105,857 shares of the company’s stock, valued at approximately $4,481,985.38. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,737 shares of company stock worth $4,028,078. 14.10% of the stock is currently owned by 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.