Analysts Set MoneyLion Inc. (NYSE:ML) PT at $100.00

Shares of MoneyLion Inc. (NYSE:ML) have received an average recommendation of “Buy” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $100.00.

Several analysts recently issued reports on the company. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Lake Street Capital reissued a “hold” rating and set a $82.00 target price (down previously from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Northland Securities upped their price target on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Thursday, November 7th. Finally, Needham & Company LLC restated a “hold” rating and set a $100.00 target price on shares of MoneyLion in a research report on Wednesday, December 11th.

Insider Activity

In other news, insider Adam Vanwagner sold 6,165 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $70.00, for a total transaction of $431,550.00. Following the completion of the transaction, the insider now owns 103,133 shares of the company’s stock, valued at approximately $7,219,310. The trade was a 5.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard Correia sold 5,296 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $60.00, for a total value of $317,760.00. Following the sale, the chief financial officer now owns 213,891 shares of the company’s stock, valued at approximately $12,833,460. This represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,382 shares of company stock worth $9,847,620. 11.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ML. American Century Companies Inc. grew its holdings in shares of MoneyLion by 26.8% during the 2nd quarter. American Century Companies Inc. now owns 9,808 shares of the company’s stock valued at $721,000 after purchasing an additional 2,076 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of MoneyLion by 119.6% during the second quarter. Dimensional Fund Advisors LP now owns 40,106 shares of the company’s stock worth $2,949,000 after buying an additional 21,839 shares during the last quarter. Bank of Montreal Can grew its stake in shares of MoneyLion by 2,060.1% during the second quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock worth $7,864,000 after buying an additional 98,680 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of MoneyLion by 14.3% during the second quarter. Squarepoint Ops LLC now owns 45,293 shares of the company’s stock worth $3,331,000 after buying an additional 5,656 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new position in shares of MoneyLion in the 2nd quarter valued at $254,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

MoneyLion Stock Up 0.7 %

Shares of ML stock opened at $87.62 on Tuesday. MoneyLion has a 12-month low of $36.65 and a 12-month high of $106.82. The firm has a 50 day moving average price of $86.51 and a two-hundred day moving average price of $64.20. The company has a market capitalization of $972.61 million, a PE ratio of 398.25 and a beta of 3.07.

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.