MoneyLion Inc. (NYSE:ML) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of MoneyLion Inc. (NYSE:ML) have been given an average rating of “Buy” by the five brokerages that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $66.60.

Several research analysts have issued reports on the company. Needham & Company LLC started coverage on MoneyLion in a research report on Wednesday, April 3rd. They issued a “buy” rating and a $90.00 price objective for the company. TheStreet upgraded shares of MoneyLion from a “d” rating to a “c-” rating in a report on Thursday, March 7th. Finally, Lake Street Capital raised their price objective on shares of MoneyLion from $75.00 to $109.00 and gave the company a “buy” rating in a research note on Monday, April 15th.

MoneyLion Stock Up 3.3 %

Shares of MoneyLion stock opened at $70.93 on Friday. The firm has a market cap of $746.18 million, a price-to-earnings ratio of -14.81 and a beta of 2.71. MoneyLion has a 52-week low of $8.68 and a 52-week high of $87.00. The company’s 50-day simple moving average is $65.54 and its 200-day simple moving average is $50.32.

MoneyLion (NYSE:ML) last released its earnings results on Thursday, March 7th. The company reported ($0.39) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $0.20. The company had revenue of $112.96 million for the quarter, compared to analysts’ expectations of $113.50 million. MoneyLion had a negative return on equity of 11.19% and a negative net margin of 10.69%. During the same quarter in the previous year, the firm posted ($3.00) EPS. Equities research analysts anticipate that MoneyLion will post -0.06 EPS for the current year.

Insider Activity

In related news, CEO Diwakar Choubey sold 20,207 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $65.08, for a total value of $1,315,071.56. Following the sale, the chief executive officer now directly owns 805,362 shares in the company, valued at approximately $52,412,958.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other MoneyLion news, CFO Richard Correia sold 87,989 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $65.18, for a total transaction of $5,735,123.02. Following the completion of the transaction, the chief financial officer now owns 262,481 shares of the company’s stock, valued at $17,108,511.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Diwakar Choubey sold 20,207 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $65.08, for a total value 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 $52,412,958.96. The disclosure for this sale can be found here. Insiders sold a total of 149,111 shares of company stock worth $9,789,064 over the last 90 days. 14.10% of the stock is currently owned by corporate insiders.

Institutional Trading of MoneyLion

Large investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. purchased a new position in MoneyLion in the 4th quarter valued at about $248,000. Tower Research Capital LLC TRC purchased a new position in shares of MoneyLion during the fourth quarter valued at approximately $35,000. Trexquant Investment LP acquired a new stake in MoneyLion during the fourth quarter worth approximately $1,251,000. Jump Financial LLC purchased a new stake in MoneyLion in the 4th quarter worth approximately $1,148,000. Finally, Intellectus Partners LLC acquired a new position in MoneyLion in the 4th quarter valued at $334,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

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.