MoneyLion Inc. (NYSE:ML) Receives Consensus Recommendation of “Buy” from Analysts

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

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

MoneyLion Stock Down 2.3 %

NYSE:ML opened at $73.84 on Monday. The business’s 50-day simple moving average is $80.18 and its two-hundred day simple moving average is $65.61. The stock has a market cap of $776.80 million, a PE ratio of -25.46 and a beta of 2.81. MoneyLion has a 52 week low of $10.11 and a 52 week high of $106.82.

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

Insiders Place Their Bets

In other MoneyLion news, Director Jeff Gary sold 879 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $85.85, for a total transaction of $75,462.15. Following the sale, the director now directly owns 11,817 shares of the company’s stock, valued at $1,014,489.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other MoneyLion news, Director Jeff Gary sold 879 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $85.85, for a total transaction of $75,462.15. Following the completion of the transaction, the director now owns 11,817 shares in the company, valued at $1,014,489.45. 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 1,018 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $81.71, for a total value of $83,180.78. Following the transaction, the chief accounting officer now owns 22,206 shares of the company’s stock, valued at approximately $1,814,452.26. The disclosure for this sale can be found here. Insiders have sold 72,003 shares of company stock valued at $6,175,744 over the last ninety days. 14.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. HighTower Advisors LLC boosted its holdings in shares of MoneyLion by 15.8% in the third quarter. HighTower Advisors LLC now owns 37,346 shares of the company’s stock valued at $808,000 after purchasing an additional 5,100 shares during the period. EAM Investors LLC purchased a new stake in shares of MoneyLion in the third quarter valued at approximately $1,145,000. Manatuck Hill Partners LLC purchased a new stake in shares of MoneyLion in the third quarter valued at approximately $1,407,000. Orion Capital Management LLC purchased a new stake in shares of MoneyLion in the third quarter valued at approximately $50,000. Finally, Intellectus Partners LLC purchased a new stake in shares of MoneyLion in the fourth quarter valued at approximately $334,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

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.