MoneyLion Inc. (NYSE:ML) Receives Consensus Rating of “Buy” from Analysts

Shares of MoneyLion Inc. (NYSE:ML) have earned a consensus rating of “Buy” from the five research firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $95.00.

A number of equities analysts have weighed in on ML shares. Needham & Company LLC reduced their price objective on MoneyLion from $100.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. B. Riley reaffirmed a “buy” rating and set a $133.00 target price on shares of MoneyLion in a report on Tuesday, June 25th.

MoneyLion Stock Down 4.7 %

Shares of NYSE ML opened at $40.55 on Friday. MoneyLion has a 52 week low of $17.40 and a 52 week high of $106.82. The business’s 50 day moving average price is $58.51 and its 200 day moving average price is $68.13. The firm has a market cap of $426.50 million, a P/E ratio of -13.98 and a beta of 2.70.

MoneyLion (NYSE:ML) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.27. MoneyLion had a net margin of 0.40% and a return on equity of 0.72%. The business had revenue of $130.90 million for the quarter, compared to the consensus estimate of $127.03 million. During the same period in the prior year, the firm earned ($0.42) EPS. The business’s revenue for the quarter was up 22.9% on a year-over-year basis. As a group, research analysts expect that MoneyLion will post 1.4 earnings per share for the current year.

Insiders Place Their Bets

In other MoneyLion news, CAO Mark Torossian sold 1,018 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $81.71, for a total transaction of $83,180.78. Following the transaction, the chief accounting officer now owns 22,206 shares in the company, valued at $1,814,452.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Mark Torossian sold 1,018 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $81.71, for a total value of $83,180.78. Following the completion of the sale, the chief accounting officer now owns 22,206 shares of the company’s stock, valued at approximately $1,814,452.26. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Richard Correia sold 28,675 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $90.40, for a total transaction of $2,592,220.00. Following the transaction, 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. Over the last quarter, insiders sold 125,150 shares of company stock worth $9,175,290. Company insiders own 14.10% of the company’s stock.

Institutional Investors Weigh In On MoneyLion

Several large investors have recently bought and sold shares of ML. Tower Research Capital LLC TRC purchased a new stake in shares of MoneyLion during the fourth quarter worth $35,000. EntryPoint Capital LLC purchased a new stake in MoneyLion during the 1st quarter valued at about $70,000. Fiducient Advisors LLC acquired a new stake in MoneyLion in the 2nd quarter valued at about $204,000. Commonwealth Equity Services LLC purchased a new position in MoneyLion in the 2nd quarter worth approximately $227,000. Finally, Private Ocean LLC purchased a new position in MoneyLion in the 2nd quarter worth approximately $238,000. 31.43% of the stock is currently owned by hedge funds and other institutional investors.

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.