B. Riley Reaffirms Buy Rating for MoneyLion (NYSE:ML)

B. Riley reissued their buy rating on shares of MoneyLion (NYSE:ML) in a report issued on Tuesday, Benzinga reports. The brokerage currently has a $133.00 price objective on the stock.

A number of other research analysts also recently weighed in on the company. Lake Street Capital increased their price target on MoneyLion from $75.00 to $109.00 and gave the company a buy rating in a research note on Monday, April 15th. TheStreet raised MoneyLion from a d rating to a c- rating in a research note on Thursday, March 7th. Craig Hallum boosted their target price on MoneyLion from $100.00 to $105.00 and gave the stock a buy rating in a research report on Wednesday, May 8th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $100.00 price target on shares of MoneyLion in a research note on Monday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of Buy and a consensus target price of $101.00.

MoneyLion Trading Up 2.4 %

Shares of NYSE:ML opened at $71.86 on Tuesday. MoneyLion has a 1-year low of $10.75 and a 1-year high of $106.82. The stock has a market capitalization of $755.82 million, a P/E ratio of -24.78 and a beta of 2.81. The business has a 50-day moving average price of $80.08 and a two-hundred day moving average price of $66.24.

MoneyLion (NYSE:ML) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.89. MoneyLion had a negative net margin of 6.42% and a negative return on equity of 3.02%. The business had revenue of $121.00 million during the quarter, compared to the consensus estimate of $116.32 million. During the same period in the previous year, the firm posted ($1.29) earnings per share. MoneyLion’s revenue for the quarter was up 29.1% compared to the same quarter last year. As a group, equities analysts predict that MoneyLion will post 1.45 EPS for the current year.

Insiders Place Their Bets

In other MoneyLion news, insider Adam Vanwagner sold 4,478 shares of the firm’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 transaction of $378,794.02. Following the sale, the insider now directly owns 116,271 shares in the company, valued at approximately $9,835,363.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other MoneyLion news, insider Adam Vanwagner sold 4,478 shares of MoneyLion stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $84.59, for a total value of $378,794.02. Following the sale, the insider now owns 116,271 shares of the company’s stock, valued at approximately $9,835,363.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Diwakar Choubey sold 22,738 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $80.95, for a total value of $1,840,641.10. Following the completion of the sale, the chief executive officer now owns 754,160 shares in the company, valued at $61,049,252. The disclosure for this sale can be found here. Insiders sold 72,003 shares of company stock worth $6,175,744 over the last ninety days. 14.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MoneyLion

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new position in MoneyLion during the fourth quarter valued at approximately $35,000. Orion Capital Management LLC bought a new position in shares of MoneyLion in the third quarter valued at $50,000. EntryPoint Capital LLC acquired a new position in MoneyLion during the first quarter worth $70,000. SG Americas Securities LLC bought a new stake in MoneyLion during the first quarter worth $236,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in MoneyLion in the fourth quarter valued at $248,000. Institutional investors and hedge funds 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.