MoneyLion (NYSE:ML) Stock Price Expected to Rise, Northland Securities Analyst Says

MoneyLion (NYSE:ML) had its price target upped by Northland Securities from $80.00 to $100.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Northland Securities’ price target indicates a potential upside of 15.53% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the stock. Cantor Fitzgerald raised shares of MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Thursday, November 7th. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of MoneyLion in a research report on Tuesday. Finally, Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $97.86.

MoneyLion Stock Performance

ML opened at $86.56 on Wednesday. The company has a market capitalization of $960.90 million, a PE ratio of 393.45 and a beta of 2.67. The stock’s fifty day moving average is $54.99 and its 200-day moving average is $62.53. MoneyLion has a one year low of $36.26 and a one year high of $106.82.

Insider Activity

In other MoneyLion news, insider Timmie Hong sold 2,334 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was 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 in the company, valued at $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 is available at the SEC website. Also, insider Adam Vanwagner sold 2,994 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $79.40, for a total value of $237,723.60. Following the completion of the sale, the insider now directly owns 90,635 shares of the company’s stock, valued at $7,196,419. This represents a 3.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,680 shares of company stock worth $4,120,514 in the last ninety days. Corporate insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ML. SG Americas Securities LLC raised its position in MoneyLion by 500.7% in the 2nd quarter. SG Americas Securities LLC now owns 19,906 shares of the company’s stock valued at $1,464,000 after purchasing an additional 16,592 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of MoneyLion by 1.4% in the first quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock worth $16,588,000 after acquiring an additional 3,107 shares during the last quarter. Marshall Wace LLP lifted its holdings in MoneyLion by 24.1% during the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after buying an additional 46,611 shares in the last quarter. Bank of Montreal Can raised its stake in shares of MoneyLion by 2,060.1% in the 2nd quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock valued at $7,864,000 after purchasing an additional 98,680 shares during the period. Finally, Thompson Siegel & Walmsley LLC bought a new position in shares of MoneyLion during the second quarter worth about $1,579,000. 31.43% of the stock is 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.