MoneyLion (NYSE:ML) Shares Gap Up to $43.32

MoneyLion Inc. (NYSE:ML) shares gapped up before the market opened on Monday . The stock had previously closed at $43.32, but opened at $46.21. MoneyLion shares last traded at $48.49, with a volume of 62,179 shares trading hands.

Analyst Upgrades and Downgrades

ML has been the subject of several research analyst reports. B. Riley restated a “buy” rating and set a $133.00 price objective on shares of MoneyLion in a research report on Tuesday, June 25th. Craig Hallum upped their price target on shares of MoneyLion from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, Needham & Company LLC lowered their price target on shares of MoneyLion from $100.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $95.00.

MoneyLion Stock Down 0.6 %

The company has a market cap of $502.02 million, a P/E ratio of -16.46 and a beta of 2.74. The firm’s 50 day moving average is $63.20 and its two-hundred day moving average is $68.71.

MoneyLion (NYSE:ML) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.26 EPS 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 business’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.42) earnings per share. As a group, research analysts forecast that MoneyLion Inc. will post 1.45 EPS for the current fiscal year.

Insider Buying and Selling at MoneyLion

In other MoneyLion news, CEO Diwakar Choubey sold 22,738 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $80.95, for a total transaction of $1,840,641.10. Following the sale, the chief executive officer now owns 754,160 shares of the company’s stock, valued at $61,049,252. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Richard Correia sold 28,675 shares of the stock in a transaction dated 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 owns 232,325 shares of the company’s stock, valued at approximately $21,002,180. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Diwakar Choubey sold 22,738 shares of the stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $80.95, for a total transaction of $1,840,641.10. Following the transaction, the chief executive officer now directly owns 754,160 shares in the company, valued at approximately $61,049,252. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,150 shares of company stock valued at $9,175,290. 14.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MoneyLion

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC boosted its position in shares of MoneyLion by 500.7% during the 2nd quarter. SG Americas Securities LLC now owns 19,906 shares of the company’s stock worth $1,464,000 after purchasing an additional 16,592 shares in the last quarter. Sei Investments Co. acquired a new stake in shares of MoneyLion in the 1st quarter worth about $1,070,000. Acadian Asset Management LLC raised its holdings in shares of MoneyLion by 114.3% in the 1st quarter. Acadian Asset Management LLC now owns 45,365 shares of the company’s stock worth $3,234,000 after acquiring an additional 24,193 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of MoneyLion in the 4th quarter worth about $1,251,000. Finally, Vanguard Group Inc. raised its holdings in shares of MoneyLion by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock worth $16,588,000 after acquiring an additional 3,107 shares during the last quarter. 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.