Lake Street Capital Increases MoneyLion (NYSE:ML) Price Target to $109.00

MoneyLion (NYSE:ML) had its price target boosted by Lake Street Capital from $75.00 to $109.00 in a research report report published on Monday, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently weighed in on ML. Needham & Company LLC started coverage on MoneyLion in a report on Wednesday, April 3rd. They issued a buy rating and a $90.00 price target for the company. TheStreet raised MoneyLion from a d rating to a c- rating in a report on Thursday, March 7th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of Buy and a consensus target price of $66.60.

MoneyLion Stock Performance

ML opened at $72.21 on Monday. The business’s fifty day moving average is $62.65 and its two-hundred day moving average is $47.91. The company has a market cap of $759.50 million, a price-to-earnings ratio of -15.08 and a beta of 2.71. MoneyLion has a one year low of $7.50 and a one year high of $87.00.

MoneyLion (NYSE:ML) last posted its earnings results on Thursday, March 7th. The company reported ($0.39) EPS for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.20. The company had revenue of $112.96 million for the quarter, compared to the consensus estimate of $113.50 million. MoneyLion had a negative return on equity of 11.19% and a negative net margin of 10.69%. During the same period in the previous year, the business earned ($3.00) earnings per share. On average, analysts predict that MoneyLion will post -0.06 EPS for the current fiscal year.

Insider Transactions at MoneyLion

In related news, Director Jeff Gary sold 945 shares of the company’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 completion of the transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Richard Correia sold 87,989 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $65.18, for a total value of $5,735,123.02. Following the completion of the transaction, the chief financial officer now directly owns 262,481 shares in the company, valued at $17,108,511.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeff Gary sold 945 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $61.10, for a total value of $57,739.50. Following the completion of the transaction, the director now owns 7,731 shares of the company’s stock, valued at $472,364.10. The disclosure for this sale can be found here. Insiders sold a total of 149,111 shares of company stock valued at $9,789,064 over the last three months. 14.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MoneyLion

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in MoneyLion by 11.0% during the third quarter. Vanguard Group Inc. now owns 6,199,308 shares of the company’s stock worth $5,533,000 after acquiring an additional 612,935 shares during the last quarter. PEAK6 Investments LLC increased its stake in MoneyLion by 12.3% during the first quarter. PEAK6 Investments LLC now owns 4,315,145 shares of the company’s stock worth $10,831,000 after acquiring an additional 471,848 shares during the last quarter. State Street Corp increased its stake in MoneyLion by 4.7% during the third quarter. State Street Corp now owns 2,791,558 shares of the company’s stock worth $2,492,000 after acquiring an additional 125,746 shares during the last quarter. Geode Capital Management LLC increased its stake in MoneyLion by 5.5% during the first quarter. Geode Capital Management LLC now owns 2,457,772 shares of the company’s stock worth $1,396,000 after acquiring an additional 128,794 shares during the last quarter. Finally, Northern Trust Corp increased its stake in MoneyLion by 623.9% during the second quarter. Northern Trust Corp now owns 1,299,131 shares of the company’s stock worth $1,715,000 after acquiring an additional 1,119,676 shares during the last quarter. 31.43% of the stock is currently owned by institutional investors and hedge funds.

MoneyLion Company Profile

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.