MoneyLion (NYSE:ML) Trading 4.9% Higher

MoneyLion Inc. (NYSE:ML)’s stock price rose 4.9% during trading on Monday . The company traded as high as $69.34 and last traded at $69.34. Approximately 26,880 shares changed hands during trading, a decline of 86% from the average daily volume of 195,459 shares. The stock had previously closed at $66.12.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ML shares. Craig Hallum lifted their price objective on shares of 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 price target on shares of MoneyLion from $75.00 to $109.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of MoneyLion in a research report on Monday, June 24th. Finally, B. Riley restated a “buy” rating and set a $133.00 price objective on shares of MoneyLion in a research note on Tuesday, June 25th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $101.00.

MoneyLion Stock Performance

The company has a market cap of $738.19 million, a P/E ratio of -24.20 and a beta of 2.74. The stock’s fifty day moving average price is $80.27 and its two-hundred day moving average price is $68.50.

MoneyLion (NYSE:ML) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.60 EPS for the quarter, beating the consensus estimate 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 business earned ($1.29) earnings per share. The company’s revenue was up 29.1% on a year-over-year basis. On average, equities research analysts forecast that MoneyLion Inc. will post 1.45 EPS for the current year.

Insider Buying and Selling at MoneyLion

In other MoneyLion news, CFO Richard Correia sold 28,675 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $90.40, for a total transaction of $2,592,220.00. Following the completion of the transaction, the chief financial officer now owns 232,325 shares of the company’s stock, valued at $21,002,180. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other MoneyLion news, CEO Diwakar Choubey sold 17,647 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $86.56, for a total value of $1,527,524.32. Following the completion of the transaction, the chief executive officer now directly owns 736,513 shares in the company, valued at $63,752,565.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard Correia sold 28,675 shares of MoneyLion stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $90.40, for a total value of $2,592,220.00. Following the sale, the chief financial officer now directly owns 232,325 shares in the company, valued at $21,002,180. The disclosure for this sale can be found here. Insiders have sold a total of 97,185 shares of company stock worth $8,336,133 over the last 90 days. Insiders own 14.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC acquired a new stake in shares of MoneyLion in the fourth quarter valued at about $35,000. EntryPoint Capital LLC acquired a new position in shares of MoneyLion in the 1st quarter worth approximately $70,000. SG Americas Securities LLC bought a new stake in shares of MoneyLion in the 1st quarter valued at $236,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of MoneyLion during the fourth quarter worth $248,000. Finally, Quantbot Technologies LP raised its stake in MoneyLion by 69.9% during the first quarter. Quantbot Technologies LP now owns 5,167 shares of the company’s stock worth $369,000 after buying an additional 2,125 shares during the last quarter. 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.