MoneyLion (NYSE:ML) Trading Up 6.9%

MoneyLion Inc. (NYSE:ML)’s share price was up 6.9% during mid-day trading on Wednesday . The company traded as high as $75.88 and last traded at $75.22. Approximately 94,008 shares were traded during trading, a decline of 50% from the average daily volume of 188,684 shares. The stock had previously closed at $70.39.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Lake Street Capital upped their target price on MoneyLion from $75.00 to $109.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. TheStreet raised MoneyLion from a “d” rating to a “c-” rating in a research report on Thursday, March 7th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of MoneyLion in a research report on Monday, June 24th. B. Riley reaffirmed a “buy” rating and set a $133.00 target price on shares of MoneyLion in a research report on Tuesday, June 25th. Finally, Craig Hallum increased their price target on MoneyLion from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, MoneyLion has a consensus rating of “Buy” and an average target price of $101.00.

MoneyLion Stock Performance

The firm has a market cap of $793.42 million, a PE ratio of -25.86 and a beta of 2.74. The firm has a fifty day simple moving average of $80.28 and a two-hundred day simple moving average of $67.03.

MoneyLion (NYSE:ML) last announced its earnings results on Tuesday, May 7th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.89. The firm had revenue of $121.00 million during the quarter, compared to analysts’ expectations of $116.32 million. MoneyLion had a negative return on equity of 3.02% and a negative net margin of 6.42%. The company’s quarterly revenue was up 29.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.29) EPS. Equities analysts forecast that MoneyLion Inc. will post 1.45 EPS for the current fiscal year.

Insider Buying and Selling at MoneyLion

In other MoneyLion news, CFO Richard Correia sold 6,778 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $81.28, for a total transaction of $550,915.84. Following the sale, the chief financial officer now owns 256,318 shares in the company, valued at approximately $20,833,527.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Adam Vanwagner sold 4,478 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $84.59, for a total value of $378,794.02. Following the completion of the sale, the insider now directly owns 116,271 shares in the company, valued at $9,835,363.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard Correia sold 6,778 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $81.28, for a total value of $550,915.84. Following the completion of the sale, the chief financial officer now owns 256,318 shares of the company’s stock, valued at $20,833,527.04. The disclosure for this sale can be found here. Insiders sold a total of 72,003 shares of company stock valued at $6,175,744 in the last ninety days. Corporate insiders own 14.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ML. Hood River Capital Management LLC purchased a new position in shares of MoneyLion during the first quarter worth about $3,742,000. Russell Investments Group Ltd. acquired a new stake in shares of MoneyLion during the 1st quarter valued at approximately $3,110,000. Acadian Asset Management LLC lifted its position in shares of MoneyLion by 114.3% during the 1st quarter. Acadian Asset Management LLC now owns 45,365 shares of the company’s stock valued at $3,234,000 after acquiring an additional 24,193 shares during the period. Trexquant Investment LP acquired a new stake in shares of MoneyLion during the 4th quarter valued at approximately $1,251,000. Finally, Jump Financial LLC acquired a new stake in shares of MoneyLion during the 4th quarter valued at approximately $1,148,000. 31.43% of the stock is currently owned by hedge funds and other institutional investors.

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.