MoneyLion Inc. (NYSE:ML) Receives $78.60 Average PT from Analysts

Shares of MoneyLion Inc. (NYSE:ML) have received an average recommendation of “Buy” from the five research firms that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $78.60.

Several analysts recently weighed in on ML shares. Needham & Company LLC lifted their target price on shares of MoneyLion from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Craig Hallum increased their target price on MoneyLion from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Lake Street Capital lifted their target price on MoneyLion from $75.00 to $109.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Finally, TheStreet raised MoneyLion from a “d” rating to a “c-” rating in a research report on Thursday, March 7th.

MoneyLion Price Performance

Shares of ML stock opened at $93.84 on Thursday. The company has a market capitalization of $987.20 million, a PE ratio of -32.36 and a beta of 2.68. The firm’s 50-day moving average is $73.91 and its two-hundred day moving average is $58.25. MoneyLion has a 12 month low of $10.11 and a 12 month high of $97.47.

MoneyLion (NYSE:ML) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of ($0.29) by $0.89. The business had revenue of $121.00 million for the quarter, compared to analyst estimates of $116.32 million. MoneyLion had a negative return on equity of 3.02% and a negative net margin of 6.42%. The company’s quarterly revenue was up 29.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.29) EPS. Sell-side analysts forecast that MoneyLion will post 1.45 EPS for the current year.

Insider Buying and Selling at MoneyLion

In other MoneyLion news, Director Jeff Gary sold 945 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $61.10, for a total value of $57,739.50. Following the sale, the director now directly owns 7,731 shares in the company, valued at $472,364.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other MoneyLion news, Director Jeff Gary sold 945 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $61.10, for a total transaction of $57,739.50. Following the transaction, the director now owns 7,731 shares of the company’s stock, valued at $472,364.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Adam Vanwagner sold 4,478 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $84.59, for a total value of $378,794.02. Following the completion of the sale, the insider now owns 116,271 shares of the company’s stock, valued at approximately $9,835,363.89. The disclosure for this sale can be found here. In the last three months, insiders have sold 160,367 shares of company stock valued at $10,718,774. Insiders own 14.10% of the company’s stock.

Institutional Investors Weigh In On MoneyLion

Several large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC acquired a new stake in shares of MoneyLion in the 4th quarter valued at approximately $35,000. EntryPoint Capital LLC acquired a new stake in MoneyLion in the first quarter valued at $70,000. Empowered Funds LLC boosted its position in shares of MoneyLion by 8.2% during the 1st quarter. Empowered Funds LLC now owns 13,896 shares of the company’s stock worth $991,000 after purchasing an additional 1,050 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of MoneyLion by 69.9% during the 1st quarter. Quantbot Technologies LP now owns 5,167 shares of the company’s stock worth $369,000 after purchasing an additional 2,125 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in shares of MoneyLion by 13.5% in the 1st quarter. GSA Capital Partners LLP now owns 18,223 shares of the company’s stock valued at $1,300,000 after purchasing an additional 2,165 shares in the last quarter. Hedge funds and other 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.