Brokerages Set MoneyLion Inc. (NYSE:ML) PT at $100.00

MoneyLion Inc. (NYSE:ML) has been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $92.83.

Several analysts recently commented on the stock. B. Riley cut shares of MoneyLion from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $133.00 to $90.00 in a research note on Wednesday. Lake Street Capital reiterated a “hold” rating and issued a $82.00 price objective (down previously from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Needham & Company LLC reiterated a “hold” rating and issued a $100.00 price objective on shares of MoneyLion in a research note on Wednesday, December 11th. Northland Securities raised their price objective on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Thursday, November 7th.

Insiders Place Their Bets

In other news, CEO Diwakar Choubey sold 5,253 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $85.76, for a total value of $450,497.28. Following the completion of the transaction, the chief executive officer now owns 344,928 shares of the company’s stock, valued at $29,581,025.28. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Richard Correia sold 3,502 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $85.76, for a total transaction of $300,331.52. Following the completion of the transaction, the chief financial officer now directly owns 182,570 shares of the company’s stock, valued at approximately $15,657,203.20. This represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,403 shares of company stock worth $7,401,038. Insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On MoneyLion

A number of institutional investors have recently modified their holdings of the company. Covestor Ltd grew its holdings in MoneyLion by 63.6% in the third quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after purchasing an additional 255 shares during the period. Los Angeles Capital Management LLC purchased a new stake in MoneyLion in the third quarter valued at approximately $894,000. GSA Capital Partners LLP grew its holdings in MoneyLion by 10.4% in the third quarter. GSA Capital Partners LLP now owns 14,427 shares of the company’s stock valued at $599,000 after purchasing an additional 1,360 shares during the period. Empowered Funds LLC grew its holdings in MoneyLion by 5.2% in the third quarter. Empowered Funds LLC now owns 35,246 shares of the company’s stock valued at $1,464,000 after purchasing an additional 1,742 shares during the period. Finally, Quest Partners LLC grew its holdings in MoneyLion by 3,016.7% in the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after purchasing an additional 3,801 shares during the period. Institutional investors and hedge funds own 31.43% of the company’s stock.

MoneyLion Stock Up 0.5 %

Shares of NYSE ML opened at $87.18 on Friday. MoneyLion has a 52 week low of $36.65 and a 52 week high of $106.82. The firm has a 50-day moving average price of $86.61 and a 200 day moving average price of $67.56. The stock has a market capitalization of $967.79 million, a price-to-earnings ratio of 396.27 and a beta of 3.06.

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.