MoneyLion (ML) to Release Quarterly Earnings on Thursday

MoneyLion (NYSE:ML) will be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect MoneyLion to post earnings of $0.13 per share for the quarter. MoneyLion has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

MoneyLion (NYSE:ML) last released its earnings results on Tuesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.27. The firm had revenue of $130.90 million for the quarter, compared to analyst estimates of $127.03 million. MoneyLion had a return on equity of 0.72% and a net margin of 0.40%. MoneyLion’s revenue was up 22.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.42) earnings per share. On average, analysts expect MoneyLion to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

MoneyLion Stock Down 1.3 %

NYSE:ML opened at $43.42 on Thursday. MoneyLion has a 1-year low of $17.92 and a 1-year high of $106.82. The firm has a market capitalization of $476.23 million, a price-to-earnings ratio of 620.29 and a beta of 2.69. The stock has a fifty day simple moving average of $43.01 and a 200 day simple moving average of $62.32.

Insider Activity at MoneyLion

In other MoneyLion news, CEO Diwakar Choubey sold 20,133 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total value of $907,998.30. Following the transaction, the chief executive officer now owns 716,380 shares of the company’s stock, valued at approximately $32,308,738. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Timmie Hong sold 2,334 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $42.34, for a total transaction of $98,821.56. Following the completion of the sale, the insider now owns 105,857 shares in the company, valued at $4,481,985.38. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Diwakar Choubey sold 20,133 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total value of $907,998.30. Following the sale, the chief executive officer now owns 716,380 shares of the company’s stock, valued at approximately $32,308,738. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,059 shares of company stock valued at $1,988,757 in the last 90 days. 11.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Northland Capmk raised MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Northland Securities initiated coverage on MoneyLion in a research note on Wednesday, October 16th. They issued an “outperform” rating and a $60.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price objective on shares of MoneyLion in a research note on Friday, October 4th. Finally, Oppenheimer initiated coverage on MoneyLion in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, MoneyLion presently has a consensus rating of “Buy” and a consensus price target of $89.17.

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.