MoneyLion (ML) Projected to Post Earnings on Thursday

MoneyLion (NYSE:ML) will likely be posting its quarterly earnings results before the market opens on Thursday, March 6th. Analysts expect MoneyLion to post earnings of $0.51 per share and revenue of $150.34 million for the quarter.

MoneyLion Stock Up 0.1 %

Shares of ML stock opened at $86.04 on Thursday. MoneyLion has a 52 week low of $36.65 and a 52 week high of $106.82. The company has a market cap of $955.13 million, a P/E ratio of 391.09 and a beta of 3.06. The business has a 50 day moving average of $86.60 and a two-hundred day moving average of $67.14.

Wall Street Analyst Weigh In

ML has been the subject of a number of analyst reports. Lake Street Capital reissued a “hold” rating and issued a $82.00 price target (down previously from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. B. Riley lowered shares of MoneyLion from a “buy” rating to a “neutral” rating and decreased their target price for the company from $133.00 to $90.00 in a research report on Wednesday. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Thursday, November 7th. Needham & Company LLC reaffirmed a “hold” rating and issued a $100.00 price target on shares of MoneyLion in a research note on Wednesday, December 11th. Finally, Northland Securities raised their price objective on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.83.

Insider Activity at MoneyLion

In other news, insider Timmie Hong sold 1,365 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $85.76, for a total transaction of $117,062.40. Following the completion of the sale, the insider now directly owns 95,395 shares of the company’s stock, valued at $8,181,075.20. This represents a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Richard Correia sold 3,502 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $85.76, for a total value of $300,331.52. Following the completion of the transaction, the chief financial officer now owns 182,570 shares of the company’s stock, valued at $15,657,203.20. This trade represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 108,465 shares of company stock valued at $9,486,276 over the last ninety days. Insiders own 11.90% 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.