MoneyLion Inc. (NYSE:ML) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of MoneyLion Inc. (NYSE:ML) have been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $92.83.

ML has been the topic of several research analyst reports. B. Riley lowered shares of MoneyLion from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $133.00 to $90.00 in a research report on Wednesday, February 26th. Northland Securities raised their price target on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Needham & Company LLC reiterated a “hold” rating on shares of MoneyLion in a research report on Friday, March 7th. Finally, Lake Street Capital reiterated a “hold” rating and set a $82.00 target price (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th.

Insider Activity at MoneyLion

In related news, insider Timmie Hong sold 6,254 shares of MoneyLion stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $86.39, for a total transaction of $540,283.06. Following the completion of the transaction, the insider now directly owns 91,011 shares of the company’s stock, valued at $7,862,440.29. This trade represents a 6.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Richard Correia sold 11,490 shares of MoneyLion stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total transaction of $1,002,617.40. Following the transaction, the chief financial officer now directly owns 166,529 shares of the company’s stock, valued at $14,531,320.54. This represents a 6.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,309 shares of company stock valued at $4,716,335 in the last ninety days. Insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On MoneyLion

Several institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP raised its stake in shares of MoneyLion by 10.4% in the third quarter. GSA Capital Partners LLP now owns 14,427 shares of the company’s stock worth $599,000 after acquiring an additional 1,360 shares during the last quarter. Empowered Funds LLC raised its stake in shares of MoneyLion by 5.2% in the third quarter. Empowered Funds LLC now owns 35,246 shares of the company’s stock worth $1,464,000 after acquiring an additional 1,742 shares during the last quarter. Quest Partners LLC raised its stake in shares of MoneyLion by 3,016.7% in the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock worth $163,000 after acquiring an additional 3,801 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its stake in shares of MoneyLion by 10.7% in the third quarter. Thompson Siegel & Walmsley LLC now owns 23,765 shares of the company’s stock worth $987,000 after acquiring an additional 2,298 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of MoneyLion by 6.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 55,087 shares of the company’s stock worth $2,289,000 after acquiring an additional 3,179 shares during the last quarter. 31.43% of the stock is owned by institutional investors.

MoneyLion Price Performance

NYSE ML opened at $87.02 on Wednesday. The firm has a market capitalization of $985.07 million, a price-to-earnings ratio of 395.55 and a beta of 3.04. The company’s fifty day moving average is $86.75 and its two-hundred day moving average is $71.41. MoneyLion has a 52-week low of $36.65 and a 52-week high of $106.82.

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.