MoneyLion (ML) to Release Earnings on Tuesday

MoneyLion (NYSE:ML) will issue its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.29) per share for the quarter. MoneyLion has set its Q1 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

MoneyLion (NYSE:ML) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.39) earnings per share for the quarter, beating the consensus estimate of ($0.59) by $0.20. The firm had revenue of $112.96 million during the quarter, compared to analyst estimates 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 business earned ($3.00) EPS. On average, analysts expect MoneyLion to post $0 EPS for the current fiscal year and $4 EPS for the next fiscal year.

MoneyLion Trading Down 6.1 %

Shares of ML stock opened at $66.57 on Tuesday. MoneyLion has a 12-month low of $9.20 and a 12-month high of $87.00. The business’s 50 day moving average is $65.83 and its two-hundred day moving average is $50.84. The company has a market capitalization of $700.32 million, a P/E ratio of -13.90 and a beta of 2.71.

Insider Buying and Selling

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

Analyst Ratings Changes

ML has been the topic of a number of recent analyst reports. Lake Street Capital increased their target price on MoneyLion from $75.00 to $109.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Needham & Company LLC initiated coverage on shares of MoneyLion in a report on Wednesday, April 3rd. They set a “buy” rating and a $90.00 price objective on the stock. Finally, TheStreet upgraded shares of MoneyLion from a “d” rating to a “c-” rating in a research report on Thursday, March 7th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $66.60.

MoneyLion Company Profile

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.