MoneyLion (NYSE:ML) Shares Gap Up to $63.75

MoneyLion Inc. (NYSE:ML) gapped up before the market opened on Friday . The stock had previously closed at $63.75, but opened at $69.22. MoneyLion shares last traded at $71.39, with a volume of 66,338 shares traded.

Analysts Set New Price Targets

ML has been the topic of a number of recent research reports. B. Riley reiterated a “buy” rating and set a $133.00 target price on shares of MoneyLion in a research note on Tuesday, June 25th. 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 increased their target price on MoneyLion from $75.00 to $109.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of MoneyLion in a research note on Monday, June 24th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, MoneyLion has an average rating of “Buy” and an average price target of $101.00.

MoneyLion Trading Up 10.2 %

The stock has a 50 day simple moving average of $81.18 and a 200 day simple moving average of $68.27. The stock has a market cap of $738.92 million, a P/E ratio of -24.62 and a beta of 2.74.

MoneyLion (NYSE:ML) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.89. The firm 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 revenue was up 29.1% on a year-over-year basis. During the same quarter last year, the company earned ($1.29) EPS. Equities analysts anticipate that MoneyLion Inc. will post 1.45 earnings per share for the current year.

Insider Buying and Selling at MoneyLion

In other MoneyLion news, CFO Richard Correia sold 6,778 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $81.28, for a total value of $550,915.84. Following the sale, the chief financial officer now owns 256,318 shares of the company’s stock, valued at approximately $20,833,527.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Diwakar Choubey sold 22,738 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $80.95, for a total transaction of $1,840,641.10. Following the sale, the chief executive officer now owns 754,160 shares of the company’s stock, valued at approximately $61,049,252. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Richard Correia sold 6,778 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $81.28, for a total value of $550,915.84. Following the sale, the chief financial officer now directly owns 256,318 shares in the company, valued at approximately $20,833,527.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,185 shares of company stock valued at $8,336,133. 14.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MoneyLion

Several hedge funds have recently modified their holdings of ML. Tower Research Capital LLC TRC bought a new position in MoneyLion during the 4th quarter worth $35,000. EntryPoint Capital LLC bought a new position in shares of MoneyLion in the 1st quarter worth about $70,000. Empowered Funds LLC raised its position in shares of MoneyLion by 8.2% in the 1st quarter. Empowered Funds LLC now owns 13,896 shares of the company’s stock worth $991,000 after acquiring an additional 1,050 shares in the last quarter. Quantbot Technologies LP raised its position in shares of MoneyLion by 69.9% in the 1st quarter. Quantbot Technologies LP now owns 5,167 shares of the company’s stock worth $369,000 after acquiring an additional 2,125 shares in the last quarter. Finally, GSA Capital Partners LLP increased its position in 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 buying an additional 2,165 shares in the last quarter. Institutional investors and hedge funds 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.