MoneyLion (NYSE:ML) Issues Earnings Results

MoneyLion (NYSE:ML) released its earnings results on Tuesday. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.89, Briefing.com reports. The company had revenue of $121.00 million during the quarter, compared to analyst estimates of $116.32 million. MoneyLion had a negative return on equity of 11.19% and a negative net margin of 10.69%. MoneyLion’s quarterly revenue was up 29.1% on a year-over-year basis. During the same period in the prior year, the company posted ($1.29) earnings per share.

MoneyLion Stock Up 6.0 %

ML traded up $4.31 during trading on Wednesday, reaching $75.84. 156,073 shares of the company were exchanged, compared to its average volume of 169,194. MoneyLion has a 12-month low of $9.73 and a 12-month high of $87.00. The company’s 50-day moving average is $68.20 and its two-hundred day moving average is $52.91. The company has a market cap of $797.84 million, a price-to-earnings ratio of -15.06 and a beta of 2.68.

Insider Buying and Selling at MoneyLion

In related news, CEO Diwakar Choubey sold 9,338 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.87, for a total transaction of $680,460.06. Following the completion of the transaction, the chief executive officer now owns 796,024 shares of the company’s stock, valued at $58,006,268.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Diwakar Choubey sold 9,338 shares of MoneyLion stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $72.87, for a total transaction of $680,460.06. Following the completion of the sale, the chief executive officer now owns 796,024 shares of the company’s stock, valued at $58,006,268.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Timmie Hong sold 25,157 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $65.08, for a total value of $1,637,217.56. Following the transaction, the insider now owns 131,557 shares of the company’s stock, valued at $8,561,729.56. The disclosure for this sale can be found here. Insiders sold 149,111 shares of company stock valued at $9,789,064 in the last quarter. 14.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. TheStreet raised shares of MoneyLion from a “d” rating to a “c-” rating in a report on Thursday, March 7th. Lake Street Capital raised 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. Needham & Company LLC upped their price target on MoneyLion from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday. 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. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $78.60.

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.