MoneyLion Inc. (NYSE:ML) Given Average Recommendation of “Buy” by Analysts

Shares of MoneyLion Inc. (NYSE:ML) have been assigned a consensus rating of “Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $100.00.

A number of brokerages have weighed in on ML. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Thursday, November 7th. Northland Capmk raised shares of MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Needham & Company LLC restated a “hold” rating and issued a $100.00 price target on shares of MoneyLion in a report on Wednesday, December 11th. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Northland Securities increased their target price on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th.

MoneyLion Stock Performance

NYSE:ML opened at $86.16 on Tuesday. The firm has a market capitalization of $956.39 million, a PE ratio of 391.64 and a beta of 3.07. The stock’s fifty day moving average is $86.10 and its 200 day moving average is $63.85. MoneyLion has a fifty-two week low of $36.65 and a fifty-two week high of $106.82.

Insider Buying and Selling at MoneyLion

In other MoneyLion news, insider Timmie Hong sold 6,254 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $86.39, for a total transaction of $540,283.06. Following the sale, the insider now owns 91,011 shares in the company, valued at $7,862,440.29. This represents a 6.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Diwakar Choubey sold 16,080 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $90.44, for a total transaction of $1,454,275.20. Following the transaction, the chief executive officer now owns 674,025 shares of the company’s stock, valued at $60,958,821. This trade represents a 2.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,382 shares of company stock worth $9,847,620 over the last quarter. 11.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MoneyLion

Large investors have recently bought and sold shares of the stock. American Century Companies Inc. grew its holdings in shares of MoneyLion by 26.8% during the second quarter. American Century Companies Inc. now owns 9,808 shares of the company’s stock worth $721,000 after buying an additional 2,076 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of MoneyLion by 119.6% in the second quarter. Dimensional Fund Advisors LP now owns 40,106 shares of the company’s stock valued at $2,949,000 after buying an additional 21,839 shares in the last quarter. Bank of Montreal Can raised its position in MoneyLion by 2,060.1% during the second quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock worth $7,864,000 after acquiring an additional 98,680 shares during the last quarter. Squarepoint Ops LLC lifted its stake in MoneyLion by 14.3% in the 2nd quarter. Squarepoint Ops LLC now owns 45,293 shares of the company’s stock valued at $3,331,000 after buying an additional 5,656 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in MoneyLion in the 2nd quarter valued at about $254,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

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.