MoneyLion (NYSE:ML) Research Coverage Started at Oppenheimer

Oppenheimer initiated coverage on shares of MoneyLion (NYSE:ML) in a research report sent to investors on Tuesday, Marketbeat reports. The brokerage issued a market perform rating on the stock.

Other research analysts have also recently issued research reports about the stock. Needham & Company LLC decreased their target price on shares of MoneyLion from $100.00 to $70.00 and set a buy rating on the stock in a research report on Wednesday, August 7th. B. Riley restated a buy rating and issued a $133.00 price objective on shares of MoneyLion in a report on Tuesday, June 25th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Buy and an average target price of $95.00.

MoneyLion Price Performance

Shares of NYSE ML opened at $39.64 on Tuesday. The company has a market capitalization of $416.93 million, a P/E ratio of -13.67 and a beta of 2.69. The company has a 50 day simple moving average of $46.29 and a 200-day simple moving average of $66.10. MoneyLion has a 1 year low of $17.40 and a 1 year high of $106.82.

MoneyLion (NYSE:ML) last posted its earnings results 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. MoneyLion had a return on equity of 0.72% and a net margin of 0.40%. The company had revenue of $130.90 million during the quarter, compared to analysts’ expectations of $127.03 million. During the same quarter last year, the firm earned ($0.42) earnings per share. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. As a group, research analysts expect that MoneyLion will post 1.4 EPS for the current year.

Insider Buying and Selling at MoneyLion

In other news, CEO Diwakar Choubey sold 17,647 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $86.56, for a total transaction of $1,527,524.32. Following the sale, the chief executive officer now owns 736,513 shares of the company’s stock, valued at approximately $63,752,565.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Diwakar Choubey sold 17,647 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $86.56, for a total transaction of $1,527,524.32. Following the sale, the chief executive officer now owns 736,513 shares of the company’s stock, valued at approximately $63,752,565.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark Torossian sold 811 shares of MoneyLion stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $45.10, for a total value of $36,576.10. Following the completion of the transaction, the chief accounting officer now owns 21,395 shares of the company’s stock, valued at approximately $964,914.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,737 shares of company stock valued at $4,028,078 in the last three months. 14.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MoneyLion

Institutional investors and hedge funds have recently made changes to their positions in the stock. EntryPoint Capital LLC purchased a new position in MoneyLion in the first quarter worth approximately $70,000. Fiducient Advisors LLC purchased a new stake in shares of MoneyLion during the 2nd quarter worth $204,000. Commonwealth Equity Services LLC acquired a new position in shares of MoneyLion during the second quarter worth $227,000. Private Ocean LLC acquired a new position in shares of MoneyLion during the second quarter worth $238,000. Finally, The Manufacturers Life Insurance Company purchased a new position in MoneyLion in the second quarter valued at $241,000. 31.43% of the stock is owned by institutional investors and hedge funds.

MoneyLion Company Profile

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.