MoneyLion Inc. (NYSE:ML) Receives Consensus Recommendation of “Buy” from Analysts

Shares of MoneyLion Inc. (NYSE:ML) have earned an average rating of “Buy” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $89.17.

Several research firms have weighed in on ML. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price target on shares of MoneyLion in a report on Friday, October 4th. Oppenheimer initiated coverage on MoneyLion in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Northland Capmk raised MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, Northland Securities started coverage on shares of MoneyLion in a research note on Wednesday, October 16th. They issued an “outperform” rating and a $60.00 price target on the stock.

Insider Activity at MoneyLion

In other MoneyLion news, insider Timmie Hong sold 2,504 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $48.35, for a total value of $121,068.40. Following the transaction, the insider now directly owns 103,353 shares of the company’s stock, valued at $4,997,117.55. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Timmie Hong sold 2,504 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $48.35, for a total transaction of $121,068.40. Following the completion of the sale, the insider now directly owns 103,353 shares in the company, valued at $4,997,117.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John C. Chrystal bought 5,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $47.07 per share, for a total transaction of $235,350.00. Following the transaction, the director now owns 44,967 shares of the company’s stock, valued at approximately $2,116,596.69. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 44,059 shares of company stock valued at $1,988,757 over the last quarter. 11.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MoneyLion

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP increased its holdings in shares of MoneyLion by 24.1% during the second quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after buying an additional 46,611 shares in the last quarter. Vanguard Group Inc. raised its position in MoneyLion by 1.4% in the first quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock valued at $16,588,000 after purchasing an additional 3,107 shares during the last quarter. Driehaus Capital Management LLC boosted its stake in shares of MoneyLion by 77.1% during the second quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock valued at $16,288,000 after purchasing an additional 96,433 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of MoneyLion by 64.2% during the second quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock worth $15,747,000 after purchasing an additional 83,700 shares during the last quarter. Finally, Divisadero Street Capital Management LP acquired a new position in shares of MoneyLion in the second quarter valued at approximately $13,427,000. Institutional investors own 31.43% of the company’s stock.

MoneyLion Trading Up 0.3 %

Shares of NYSE ML opened at $45.44 on Friday. MoneyLion has a 12 month low of $17.87 and a 12 month high of $106.82. The stock has a 50 day moving average of $42.94 and a 200-day moving average of $63.05. The company has a market capitalization of $498.48 million, a P/E ratio of 649.14 and a beta of 2.69.

MoneyLion (NYSE:ML) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.27. The firm had revenue of $130.90 million for the quarter, compared to the consensus estimate of $127.03 million. MoneyLion had a net margin of 0.40% and a return on equity of 0.72%. The company’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.42) earnings per share. Analysts predict that MoneyLion will post 1.23 EPS for the current fiscal year.

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.