MoneyLion (NYSE:ML) Upgraded at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of MoneyLion (NYSE:ML) to a strong-buy rating in a report released on Thursday, Zacks.com reports.

ML has been the subject of a number of other research reports. Oppenheimer began coverage on shares of MoneyLion in a research report on Tuesday, October 1st. They issued a market perform rating for the company. Needham & Company LLC decreased their target price on shares of MoneyLion from $100.00 to $70.00 and set a buy rating for the company in a research report on Wednesday, August 7th. Finally, B. Riley reaffirmed a buy rating and issued a $133.00 target price on shares of MoneyLion in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus price target of $95.00.

MoneyLion Stock Up 7.0 %

Shares of NYSE:ML opened at $39.64 on Thursday. MoneyLion has a 12 month low of $17.40 and a 12 month high of $106.82. The company’s fifty day simple moving average is $45.68 and its 200 day simple moving average is $65.94. The firm has a market cap of $416.93 million, a price-to-earnings ratio of -13.67 and a beta of 2.69.

MoneyLion (NYSE:ML) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $127.03 million. During the same period last year, the business posted ($0.42) earnings per share. The firm’s quarterly revenue was up 22.9% on a year-over-year basis. Research analysts expect that MoneyLion will post 1.4 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Mark Torossian sold 811 shares of MoneyLion stock in a transaction dated 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 $964,914.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Timmie Hong sold 2,334 shares of MoneyLion stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $42.34, for a total value of $98,821.56. Following the completion of the transaction, the insider now owns 105,857 shares of the company’s stock, valued at $4,481,985.38. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Mark Torossian sold 811 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $45.10, for a total transaction of $36,576.10. Following the sale, the chief accounting officer now owns 21,395 shares of the company’s stock, valued at approximately $964,914.50. This represents a 0.00 % decrease in their position. 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 quarter. Company insiders own 14.10% of the company’s stock.

Institutional Trading of MoneyLion

A number of hedge funds have recently modified their holdings of ML. EntryPoint Capital LLC acquired a new stake in shares of MoneyLion during the 1st quarter worth about $70,000. Fiducient Advisors LLC acquired a new stake in shares of MoneyLion during the 2nd quarter worth about $204,000. Commonwealth Equity Services LLC acquired a new stake in shares of MoneyLion during the 2nd quarter worth about $227,000. SG Americas Securities LLC acquired a new stake in MoneyLion in the 1st quarter worth about $236,000. Finally, Private Ocean LLC acquired a new stake in MoneyLion in the 2nd quarter worth about $238,000. Institutional investors and hedge funds 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.