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

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

ML has been the topic of several recent analyst reports. 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 note on Wednesday, December 11th. Northland Securities increased their target price on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Needham & Company LLC reiterated a “hold” rating and set a $100.00 target price on shares of MoneyLion in a research note on Wednesday, December 11th. Finally, Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Thursday, November 7th.

MoneyLion Trading Down 0.4 %

Shares of ML opened at $85.82 on Friday. The business’s fifty day simple moving average is $86.62 and its two-hundred day simple moving average is $66.16. MoneyLion has a 12 month low of $36.65 and a 12 month high of $106.82. The company has a market cap of $952.64 million, a price-to-earnings ratio of 390.07 and a beta of 3.06.

Insider Transactions at MoneyLion

In related news, insider Timmie Hong sold 6,094 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $86.84, for a total value of $529,202.96. Following the transaction, the insider now directly owns 86,015 shares of the company’s stock, valued at approximately $7,469,542.60. This trade represents a 6.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mark Torossian sold 1,198 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $85.90, for a total value of $102,908.20. Following the completion of the transaction, the chief accounting officer now directly owns 16,278 shares in the company, valued at approximately $1,398,280.20. This represents a 6.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 105,196 shares of company stock worth $9,231,229 in the last ninety days. Insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On MoneyLion

A number of institutional investors have recently bought and sold shares of the stock. Alpine Global Management LLC bought a new position in MoneyLion in the 4th quarter worth $2,177,000. Orion Capital Management LLC bought a new stake in MoneyLion during the fourth quarter valued at about $112,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in MoneyLion during the fourth quarter valued at about $1,055,000. Toronto Dominion Bank bought a new stake in MoneyLion during the fourth quarter valued at about $4,303,000. Finally, Silvercrest Asset Management Group LLC raised its holdings in MoneyLion by 96.1% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 128,103 shares of the company’s stock valued at $11,018,000 after acquiring an additional 62,794 shares during the period. 31.43% of the stock is owned by institutional investors.

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.