MoneyLion (NYSE:ML) Shares Up 4.7% – Should You Buy?

MoneyLion Inc. (NYSE:ML)’s share price was up 4.7% during trading on Tuesday . The stock traded as high as $85.42 and last traded at $85.40. Approximately 163,520 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 201,705 shares. The stock had previously closed at $81.58.

Analyst Ratings Changes

Several equities analysts have weighed in on ML shares. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Thursday, November 7th. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Northland Capmk raised MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Northland Securities upped their target price on MoneyLion from $60.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Needham & Company LLC restated a “buy” rating and issued a $70.00 target price on shares of MoneyLion in a research note on Friday, October 4th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $90.71.

MoneyLion Stock Up 6.1 %

The stock has a market cap of $949.45 million, a price-to-earnings ratio of 368.18 and a beta of 2.67. The business’s fifty day moving average is $45.00 and its two-hundred day moving average is $61.53.

Insiders Place Their Bets

In other news, CAO Mark Torossian sold 811 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $45.10, for a total transaction 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CAO Mark Torossian sold 811 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $45.10, for a total value of $36,576.10. Following the completion of the sale, the chief accounting officer now directly owns 21,395 shares of the company’s stock, valued at $964,914.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Adam Vanwagner sold 6,165 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $70.00, for a total value of $431,550.00. Following the completion of the sale, the insider now directly owns 103,133 shares in the company, valued at $7,219,310. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,848 shares of company stock worth $2,764,307. 11.90% of the stock is owned by insiders.

Institutional Investors Weigh In On MoneyLion

Several large investors have recently made changes to their positions in the company. Divisadero Street Capital Management LP acquired a new position in shares of MoneyLion during the 2nd quarter worth approximately $13,427,000. Bank of Montreal Can lifted its position in shares of MoneyLion by 2,060.1% during the 2nd quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock valued at $7,864,000 after acquiring an additional 98,680 shares during the period. Driehaus Capital Management LLC increased its holdings in MoneyLion by 77.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock worth $16,288,000 after purchasing an additional 96,433 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in MoneyLion by 64.2% in the 2nd quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock worth $15,747,000 after buying an additional 83,700 shares during the period. Finally, Hood River Capital Management LLC bought a new stake in shares of MoneyLion during the first quarter valued at about $3,742,000. Institutional investors own 31.43% of the company’s stock.

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.