MoneyLion (NYSE:ML) Price Target Raised to $109.00

MoneyLion (NYSE:ML) had its price target upped by Lake Street Capital from $75.00 to $109.00 in a research report report published on Monday, Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also issued reports on ML. Needham & Company LLC began coverage on MoneyLion in a research note on Wednesday, April 3rd. They issued a buy rating and a $90.00 target price on the stock. TheStreet upgraded MoneyLion from a d rating to a c- rating in a research note on Thursday, March 7th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of Buy and an average target price of $66.60.

MoneyLion Price Performance

ML opened at $72.21 on Monday. The business’s 50-day moving average is $62.65 and its two-hundred day moving average is $47.91. MoneyLion has a 1 year low of $7.50 and a 1 year high of $87.00. The firm has a market capitalization of $759.50 million, a PE ratio of -15.08 and a beta of 2.71.

MoneyLion (NYSE:ML) last posted its earnings results on Thursday, March 7th. The company reported ($0.39) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.59) by $0.20. MoneyLion had a negative return on equity of 11.19% and a negative net margin of 10.69%. The company had revenue of $112.96 million for the quarter, compared to analyst estimates of $113.50 million. During the same quarter in the previous year, the firm earned ($3.00) earnings per share. As a group, sell-side analysts expect that MoneyLion will post -0.06 EPS for the current year.

Insider Buying and Selling

In related news, Director Jeff Gary sold 945 shares of MoneyLion stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $61.10, for a total transaction of $57,739.50. Following the completion of the sale, the director now owns 7,731 shares of the company’s stock, valued at $472,364.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other MoneyLion news, Director Jeff Gary sold 945 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $61.10, for a total value of $57,739.50. Following the completion of the transaction, the director now directly owns 7,731 shares of the company’s stock, valued at $472,364.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Mark Torossian sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $67.59, for a total value of $135,180.00. Following the completion of the transaction, the chief accounting officer now directly owns 23,994 shares of the company’s stock, valued at $1,621,754.46. The disclosure for this sale can be found here. Insiders sold 149,111 shares of company stock valued at $9,789,064 over the last quarter. 14.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. purchased a new stake in shares of MoneyLion in the fourth quarter valued at approximately $248,000. Vanguard Group Inc. increased its position in shares of MoneyLion by 10.9% in the fourth quarter. Vanguard Group Inc. now owns 229,484 shares of the company’s stock valued at $14,386,000 after buying an additional 22,504 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of MoneyLion in the fourth quarter valued at approximately $810,000. Barclays PLC purchased a new stake in shares of MoneyLion in the fourth quarter valued at approximately $1,162,000. Finally, Bridgeway Capital Management LLC purchased a new stake in shares of MoneyLion in the fourth quarter valued at approximately $805,000. 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.