Q3 2024 Earnings Estimate for MoneyLion Inc. Issued By B. Riley (NYSE:ML)

MoneyLion Inc. (NYSE:ML) – Investment analysts at B. Riley reduced their Q3 2024 earnings per share estimates for shares of MoneyLion in a note issued to investors on Wednesday, August 7th. B. Riley analyst H. Goetsch now anticipates that the company will post earnings of $0.06 per share for the quarter, down from their prior estimate of $0.18. B. Riley has a “Buy” rating and a $133.00 price objective on the stock. The consensus estimate for MoneyLion’s current full-year earnings is $1.45 per share. B. Riley also issued estimates for MoneyLion’s Q4 2024 earnings at $0.48 EPS and FY2024 earnings at $1.40 EPS.

MoneyLion (NYSE:ML) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.27. The firm had revenue of $130.90 million during the quarter, compared to analysts’ expectations of $127.03 million. MoneyLion had a negative return on equity of 3.02% and a negative net margin of 6.42%. The company’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period last year, the business posted ($0.42) earnings per share.

ML has been the topic of a number of other research reports. Craig Hallum increased 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. Needham & Company LLC lowered their price target on shares of MoneyLion from $100.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Lake Street Capital lifted their price objective on MoneyLion from $75.00 to $109.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $95.00.

MoneyLion Trading Down 8.0 %

ML opened at $43.59 on Friday. MoneyLion has a 12-month low of $12.60 and a 12-month high of $106.82. The firm has a 50 day moving average of $73.20 and a two-hundred day moving average of $68.79. The firm has a market capitalization of $458.48 million, a PE ratio of -15.03 and a beta of 2.74.

Institutional Trading of MoneyLion

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sei Investments Co. acquired a new stake in MoneyLion in the 1st quarter valued at $1,070,000. Acadian Asset Management LLC grew its position in shares of MoneyLion by 114.3% in the first 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 during the period. Trexquant Investment LP acquired a new stake in shares of MoneyLion in the fourth quarter valued at about $1,251,000. Jump Financial LLC purchased a new stake in shares of MoneyLion during the fourth quarter worth about $1,148,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of MoneyLion during the 1st quarter worth about $3,110,000. 31.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MoneyLion

In related news, Director Jeff Gary sold 879 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $85.85, for a total value of $75,462.15. Following the completion of the transaction, the director now directly owns 11,817 shares in the company, valued at approximately $1,014,489.45. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other MoneyLion news, Director John C. Chrystal purchased 5,000 shares of MoneyLion stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $47.07 per share, with a total value of $235,350.00. Following 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeff Gary sold 879 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $85.85, for a total value of $75,462.15. Following the transaction, the director now owns 11,817 shares in the company, valued at approximately $1,014,489.45. The disclosure for this sale can be found here. Insiders have sold 97,185 shares of company stock valued at $8,336,133 in the last 90 days. 14.10% of the stock is currently owned by company insiders.

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.