MoneyLion Inc. (NYSE:ML) Receives $66.60 Average Price Target from Analysts

MoneyLion Inc. (NYSE:ML) has earned an average rating of “Buy” from the five brokerages that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $66.60.

A number of analysts have recently weighed in on ML shares. Lake Street Capital upped their target price on shares of MoneyLion from $75.00 to $109.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Needham & Company LLC started coverage on shares of MoneyLion in a research report on Wednesday, April 3rd. They issued a “buy” rating and a $90.00 target price on the stock. Finally, TheStreet raised shares of MoneyLion from a “d” rating to a “c-” rating in a research report on Thursday, March 7th.

MoneyLion Trading Down 0.5 %

Shares of MoneyLion stock opened at $66.31 on Friday. The company’s fifty day simple moving average is $66.13 and its two-hundred day simple moving average is $51.17. The company has a market cap of $697.58 million, a P/E ratio of -13.84 and a beta of 2.71. MoneyLion has a 12-month low of $9.20 and a 12-month high of $87.00.

MoneyLion (NYSE:ML) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.39) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.20. The business had revenue of $112.96 million for the quarter, compared to the consensus estimate of $113.50 million. MoneyLion had a negative net margin of 10.69% and a negative return on equity of 11.19%. During the same period in the previous year, the firm earned ($3.00) EPS. Analysts predict that MoneyLion will post -0.06 EPS for the current fiscal year.

Insider Activity at MoneyLion

In related news, Director Jeff Gary sold 945 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $61.10, for a total transaction of $57,739.50. Following the sale, the director now directly owns 7,731 shares of the company’s stock, valued at approximately $472,364.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Jeff Gary sold 945 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $61.10, for a total transaction of $57,739.50. Following the sale, the director now directly owns 7,731 shares of the company’s stock, valued at approximately $472,364.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Diwakar Choubey sold 20,207 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $65.08, for a total transaction of $1,315,071.56. Following the transaction, the chief executive officer now owns 805,362 shares in the company, valued at approximately $52,412,958.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 149,111 shares of company stock valued at $9,789,064. 14.10% of the stock is owned by insiders.

Hedge Funds Weigh In On MoneyLion

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC bought a new position in MoneyLion during the 4th quarter valued at about $35,000. Orion Capital Management LLC bought a new position in MoneyLion during the 3rd quarter valued at about $50,000. B. Riley Wealth Advisors Inc. bought a new position in MoneyLion during the 4th quarter valued at about $248,000. Intellectus Partners LLC bought a new position in MoneyLion during the 4th quarter valued at about $334,000. Finally, Jump Financial LLC bought a new position in MoneyLion during the 4th quarter valued at about $1,148,000. 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.