MoneyLion Inc. (NYSE:ML) Receives $89.17 Consensus Target Price from Brokerages

MoneyLion Inc. (NYSE:ML) has earned a consensus recommendation of “Buy” from the eight brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $89.17.

A number of research analysts have issued reports on the stock. Northland Capmk upgraded shares of MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Northland Securities started coverage on MoneyLion in a research report on Wednesday, October 16th. They issued an “outperform” rating and a $60.00 target price on the stock. Oppenheimer began coverage on MoneyLion in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, B. Riley reaffirmed a “buy” rating and set a $133.00 target price on shares of MoneyLion in a report on Tuesday, June 25th.

MoneyLion Trading Up 0.7 %

Shares of NYSE:ML opened at $47.28 on Friday. The company has a market capitalization of $497.29 million, a PE ratio of -16.26 and a beta of 2.69. MoneyLion has a 12-month low of $17.87 and a 12-month high of $106.82. The business’s fifty day simple moving average is $42.95 and its 200-day simple moving average is $63.91.

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

Insiders Place Their Bets

In related news, insider Timmie Hong sold 5,139 shares of the company’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 $231,768.90. Following the completion of the transaction, the insider now owns 110,558 shares in the company, valued at $4,986,165.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other MoneyLion news, Director John C. Chrystal bought 5,000 shares of MoneyLion stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $47.07 per share, for a total transaction of $235,350.00. Following the completion of the transaction, the director now directly owns 44,967 shares of the company’s stock, valued at approximately $2,116,596.69. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Timmie Hong sold 5,139 shares of the company’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 $231,768.90. Following the sale, the insider now directly owns 110,558 shares of the company’s stock, valued at approximately $4,986,165.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,059 shares of company stock worth $1,988,757. Company insiders own 14.10% of the company’s stock.

Institutional Trading of MoneyLion

Hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP lifted its stake in shares of MoneyLion by 24.1% in the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock valued at $17,675,000 after purchasing an additional 46,611 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of MoneyLion by 1.4% during the first quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock worth $16,588,000 after purchasing an additional 3,107 shares in the last quarter. Driehaus Capital Management LLC lifted its position in shares of MoneyLion by 77.1% during the second quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock worth $16,288,000 after purchasing an additional 96,433 shares in the last quarter. Renaissance Technologies LLC boosted its position in MoneyLion by 64.2% in the 2nd quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock valued at $15,747,000 after buying an additional 83,700 shares during the period. Finally, Divisadero Street Capital Management LP acquired a new position in MoneyLion during the 2nd quarter worth $13,427,000. 31.43% of the stock is 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.