MoneyLion Inc. (NYSE:ML) Given Consensus Recommendation of “Buy” by Brokerages

Shares of MoneyLion Inc. (NYSE:ML) have been assigned a consensus rating of “Buy” from the five analysts that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $95.00.

Several research firms have recently issued reports on ML. Needham & Company LLC decreased their price objective on shares of MoneyLion from $100.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday. Lake Street Capital lifted their price target on MoneyLion from $75.00 to $109.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Craig Hallum boosted their price objective on MoneyLion from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, B. Riley reaffirmed a “buy” rating and set a $133.00 target price on shares of MoneyLion in a research note on Tuesday, June 25th.

MoneyLion Price Performance

Shares of MoneyLion stock opened at $43.59 on Tuesday. MoneyLion has a 1-year low of $12.60 and a 1-year high of $106.82. The business’s fifty day moving average price is $73.20 and its two-hundred day moving average price is $68.79. The company has a market capitalization of $458.48 million, a P/E ratio of -15.03 and a beta of 2.74.

MoneyLion (NYSE:ML) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.27. The business had revenue of $130.90 million for the quarter, compared to analysts’ expectations of $127.03 million. MoneyLion had a negative net margin of 6.42% and a negative return on equity of 3.02%. The company’s revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.42) earnings per share. On average, research analysts expect that MoneyLion will post 1.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director John C. Chrystal purchased 5,000 shares of MoneyLion stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $47.07 per share, for a total transaction of $235,350.00. Following the transaction, the director now owns 44,967 shares in the company, valued at $2,116,596.69. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other MoneyLion news, Director John C. Chrystal purchased 5,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $47.07 per share, for a total transaction of $235,350.00. Following the completion of the acquisition, the director now owns 44,967 shares of the company’s stock, valued at approximately $2,116,596.69. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard Correia sold 6,778 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $81.28, for a total value of $550,915.84. Following the completion of the sale, the chief financial officer now directly owns 256,318 shares of the company’s stock, valued at $20,833,527.04. The disclosure for this sale can be found here. Insiders sold a total of 97,185 shares of company stock worth $8,336,133 over the last ninety days. 14.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MoneyLion

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ML. Renaissance Technologies LLC lifted its holdings in shares of MoneyLion by 64.2% during the 2nd quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock valued at $15,747,000 after buying an additional 83,700 shares during the last quarter. Hood River Capital Management LLC bought a new stake in MoneyLion in the first quarter worth approximately $3,742,000. Russell Investments Group Ltd. acquired a new position in shares of MoneyLion during the 1st quarter worth $3,110,000. Acadian Asset Management LLC raised its holdings in shares of MoneyLion by 114.3% during the 1st quarter. Acadian Asset Management LLC now owns 45,365 shares of the company’s stock valued at $3,234,000 after purchasing an additional 24,193 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of MoneyLion in the 2nd quarter valued at $1,776,000. Hedge funds and other institutional investors 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.