MoneyLion (NYSE:ML) Announces Earnings Results, Misses Estimates By $0.40 EPS

MoneyLion (NYSE:ML) announced its earnings results on Tuesday. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.40), Zacks reports. MoneyLion had a return on equity of 1.18% and a net margin of 0.64%.

MoneyLion Stock Performance

Shares of NYSE:ML traded down $0.05 during trading on Tuesday, hitting $85.45. 6,027 shares of the stock were exchanged, compared to its average volume of 153,927. The company has a market capitalization of $948.56 million, a price-to-earnings ratio of 388.52 and a beta of 3.06. MoneyLion has a 1-year low of $36.65 and a 1-year high of $106.82. The company’s fifty day simple moving average is $86.61 and its 200-day simple moving average is $66.71.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ML shares. Lake Street Capital reissued a “hold” rating and set a $82.00 price objective (down previously from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Thursday, November 7th. Northland Securities increased their price objective on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Needham & Company LLC restated a “hold” rating and issued a $100.00 price objective on shares of MoneyLion in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $100.00.

Insider Activity at MoneyLion

In related news, CFO Richard Correia sold 3,502 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $85.76, for a total value of $300,331.52. Following the sale, the chief financial officer now owns 182,570 shares of the company’s stock, valued at $15,657,203.20. The trade was a 1.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timmie Hong sold 1,365 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $85.76, for a total transaction of $117,062.40. Following the sale, the insider now owns 95,395 shares of the company’s stock, valued at $8,181,075.20. This trade represents a 1.41 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,595 shares of company stock worth $10,123,048. 11.90% of the stock is owned by corporate 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.