FY2023 EPS Estimates for MoneyLion Inc. Increased by Analyst (NYSE:ML)

MoneyLion Inc. (NYSE:ML) – Analysts at B. Riley boosted their FY2023 earnings estimates for MoneyLion in a report issued on Tuesday, November 14th. B. Riley analyst H. Goetsch now expects that the company will earn ($5.00) per share for the year, up from their prior forecast of ($5.73). B. Riley has a “Buy” rating and a $21.00 price target on the stock. The consensus estimate for MoneyLion’s current full-year earnings is ($5.73) per share. B. Riley also issued estimates for MoneyLion’s Q4 2023 earnings at ($0.59) EPS, Q1 2024 earnings at ($0.63) EPS, Q2 2024 earnings at ($0.11) EPS, Q3 2024 earnings at ($0.04) EPS, Q4 2024 earnings at ($0.11) EPS and FY2024 earnings at ($0.89) EPS.

MoneyLion Stock Up 2.9 %

Shares of MoneyLion stock opened at $33.00 on Thursday. The company has a market cap of $290.40 million, a price-to-earnings ratio of -1.56 and a beta of 1.68. The company’s 50 day moving average is $22.19 and its 200 day moving average is $16.52. MoneyLion has a twelve month low of $7.50 and a twelve month high of $35.36.

Insider Buying and Selling at MoneyLion

In other news, CFO Richard Correia sold 2,900 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $15.56, for a total value of $45,124.00. Following the completion of the sale, the chief financial officer now directly owns 190,894 shares of the company’s stock, valued at $2,970,310.64. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 14.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MoneyLion

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC increased its position in MoneyLion by 47.0% during the 1st quarter. SG Americas Securities LLC now owns 53,172 shares of the company’s stock valued at $30,000 after purchasing an additional 17,008 shares during the period. Barclays PLC boosted its stake in MoneyLion by 200.7% in the 4th quarter. Barclays PLC now owns 50,760 shares of the company’s stock worth $32,000 after purchasing an additional 33,878 shares in the last quarter. Millennium Management LLC boosted its stake in MoneyLion by 147.1% in the 4th quarter. Millennium Management LLC now owns 57,190 shares of the company’s stock worth $35,000 after purchasing an additional 34,046 shares in the last quarter. SVB Financial Group acquired a new stake in MoneyLion in the 4th quarter worth approximately $46,000. Finally, Kore Private Wealth LLC acquired a new stake in MoneyLion in the 2nd quarter worth approximately $46,000. Institutional investors own 24.78% of the company’s stock.

About MoneyLion

MoneyLion Inc provides a digital financial platform. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include roarmoney, a digital demand deposit account; instacash, a cash advance product that gives customers early access to their recurring income deposits; Credit Builder Plus; MoneyLion Investing, an online investment account that offers access to separately managed accounts invested based on model exchange-traded fund portfolios; and MoneyLion Crypto, an online cryptocurrency account.