MoneyLion (NYSE:ML) PT Raised to $100.00

MoneyLion (NYSE:ML) had its price objective boosted by equities researchers at Needham & Company LLC from $90.00 to $100.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price suggests a potential upside of 39.80% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. TheStreet upgraded MoneyLion from a “d” rating to a “c-” rating in a research report on Thursday, March 7th. Lake Street Capital lifted their price target on shares of MoneyLion from $75.00 to $109.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $68.60.

MoneyLion Stock Up 0.2 %

Shares of ML stock opened at $71.53 on Wednesday. The stock has a 50 day moving average of $67.81 and a 200-day moving average of $52.55. The firm has a market cap of $752.50 million, a PE ratio of -14.93 and a beta of 2.68. MoneyLion has a 12 month low of $9.73 and a 12 month high of $87.00.

MoneyLion (NYSE:ML) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.89. MoneyLion had a negative net margin of 10.69% and a negative return on equity of 11.19%. The firm had revenue of $121.00 million during the quarter, compared to the consensus estimate of $116.32 million. During the same period in the prior year, the firm earned ($1.29) EPS. The business’s revenue was up 29.1% on a year-over-year basis. As a group, equities analysts predict that MoneyLion will post -0.06 EPS for the current fiscal year.

Insider Activity

In related news, CEO Diwakar Choubey sold 20,207 shares of MoneyLion 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 completion of the transaction, the chief executive officer now directly owns 805,362 shares of the company’s stock, valued at approximately $52,412,958.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Diwakar Choubey sold 20,207 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 805,362 shares of the company’s stock, valued at $52,412,958.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timmie Hong sold 25,157 shares of MoneyLion stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $65.08, for a total value of $1,637,217.56. Following the completion of the sale, the insider now directly owns 131,557 shares of the company’s stock, valued at $8,561,729.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 149,111 shares of company stock worth $9,789,064. Corporate insiders own 14.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ML. Tower Research Capital LLC TRC bought a new stake in shares of MoneyLion during the fourth quarter worth approximately $35,000. Orion Capital Management LLC bought a new stake in shares of MoneyLion during the 3rd quarter valued at $50,000. SG Americas Securities LLC acquired a new position in shares of MoneyLion in the 1st quarter valued at $236,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of MoneyLion during the fourth quarter worth $248,000. Finally, Intellectus Partners LLC bought a new stake in MoneyLion in the fourth quarter valued at about $334,000. 31.43% of the stock is currently owned by institutional investors and hedge funds.

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.