MoneyLion (NYSE:ML) Price Target Raised to $100.00 at Northland Securities

MoneyLion (NYSE:ML) had its target price lifted by Northland Securities from $80.00 to $100.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

Other research analysts have also recently issued reports about the stock. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Thursday, November 7th. Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of MoneyLion in a report on Tuesday, November 26th. Northland Capmk raised MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Cantor Fitzgerald raised shares of MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $97.86.

MoneyLion Stock Performance

Shares of NYSE:ML opened at $91.70 on Wednesday. The company has a market capitalization of $1.02 billion, a P/E ratio of 416.82 and a beta of 2.67. The company’s 50-day moving average is $56.82 and its 200 day moving average is $62.64. MoneyLion has a fifty-two week low of $36.65 and a fifty-two week high of $106.82.

Insider Transactions at MoneyLion

In other MoneyLion news, insider Timmie Hong sold 2,504 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $48.35, for a total value of $121,068.40. Following the transaction, the insider now directly owns 103,353 shares in the company, valued at $4,997,117.55. This represents a 2.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam Vanwagner sold 6,165 shares of MoneyLion stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $70.00, for a total value of $431,550.00. Following the sale, the insider now owns 103,133 shares of the company’s stock, valued at approximately $7,219,310. This trade represents a 5.64 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,680 shares of company stock valued at $4,120,514. 11.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MoneyLion

A number of institutional investors and hedge funds have recently bought and sold shares of ML. Vanguard Group Inc. increased its stake in MoneyLion by 1.4% in the first quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock valued at $16,588,000 after acquiring an additional 3,107 shares during the last quarter. SG Americas Securities LLC boosted its stake in MoneyLion by 500.7% in the second quarter. SG Americas Securities LLC now owns 19,906 shares of the company’s stock worth $1,464,000 after buying an additional 16,592 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in MoneyLion in the second quarter worth approximately $1,776,000. Private Ocean LLC purchased a new position in shares of MoneyLion during the second quarter worth approximately $238,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of MoneyLion in the 2nd quarter worth approximately $227,000. 31.43% of the stock is owned by hedge funds and other institutional investors.

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.