MoneyLion’s (ML) Hold Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of MoneyLion (NYSE:ML) in a research report released on Friday,Benzinga reports.

ML has been the subject of several other research reports. B. Riley lowered MoneyLion from a “buy” rating to a “neutral” rating and cut their target price for the stock from $133.00 to $90.00 in a research note on Wednesday, February 26th. 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 note on Thursday, November 7th. Lake Street Capital reaffirmed a “hold” rating and issued a $82.00 target price (down previously from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Finally, Northland Securities upped their target price on MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.83.

MoneyLion Trading Up 0.3 %

Shares of NYSE ML opened at $87.77 on Friday. MoneyLion has a 12 month low of $36.65 and a 12 month high of $106.82. The firm has a market capitalization of $974.33 million, a price-to-earnings ratio of 398.95 and a beta of 3.04. The business has a 50-day moving average of $86.69 and a 200-day moving average of $69.38.

Insider Buying and Selling at MoneyLion

In related news, CEO Diwakar Choubey sold 18,506 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $1,614,833.56. Following the completion of the transaction, the chief executive officer now owns 320,865 shares in the company, valued at $27,998,679.90. This represents a 5.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Mark Torossian sold 1,136 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total value of $99,127.36. Following the transaction, the chief accounting officer now owns 17,476 shares of the company’s stock, valued at approximately $1,524,955.76. This represents a 6.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 60,403 shares of company stock worth $5,245,538. 11.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MoneyLion

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Alpine Global Management LLC bought a new position in shares of MoneyLion during the fourth quarter valued at approximately $2,177,000. Orion Capital Management LLC bought a new position in MoneyLion in the fourth quarter worth $112,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in MoneyLion in the fourth quarter worth $1,055,000. Toronto Dominion Bank bought a new position in MoneyLion in the fourth quarter worth $4,303,000. Finally, Silvercrest Asset Management Group LLC raised its holdings in MoneyLion by 96.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 128,103 shares of the company’s stock worth $11,018,000 after purchasing an additional 62,794 shares in the last quarter. Institutional investors 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.