MoneyLion (NYSE:ML) Trading 3.4% Higher

Shares of MoneyLion Inc. (NYSE:MLGet Free Report) rose 3.4% during trading on Friday . The company traded as high as $90.50 and last traded at $89.16. Approximately 53,137 shares traded hands during trading, a decline of 69% from the average daily volume of 171,894 shares. The stock had previously closed at $86.26.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Lake Street Capital increased their target price on shares of MoneyLion from $75.00 to $109.00 and gave the company a “buy” rating in a report on Monday, April 15th. Craig Hallum lifted their price objective on MoneyLion from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Needham & Company LLC upped their target price on MoneyLion from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, TheStreet raised MoneyLion from a “d” rating to a “c-” rating in a research note on Thursday, March 7th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, MoneyLion currently has an average rating of “Buy” and an average price target of $78.60.

View Our Latest Analysis on MoneyLion

MoneyLion Trading Up 1.3 %

The business has a fifty day simple moving average of $78.89 and a 200 day simple moving average of $62.61.

MoneyLion (NYSE:MLGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.89. MoneyLion had a negative return on equity of 3.02% and a negative net margin of 6.42%. The business had revenue of $121.00 million for the quarter, compared to analyst estimates of $116.32 million. During the same quarter last year, the company earned ($1.29) earnings per share. The business’s revenue for the quarter was up 29.1% compared to the same quarter last year. Equities research analysts forecast that MoneyLion Inc. will post 1.45 earnings per share for the current year.

Insider Buying and Selling at MoneyLion

In related news, CEO Diwakar Choubey sold 20,207 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 805,362 shares in the company, valued at $52,412,958.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CAO Mark Torossian sold 2,000 shares of MoneyLion stock in a transaction on Monday, March 11th. The shares were sold at an average price of $67.59, for a total transaction of $135,180.00. Following the sale, the chief accounting officer now owns 23,994 shares of the company’s stock, valued at approximately $1,621,754.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Diwakar Choubey sold 20,207 shares of the company’s 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 $52,412,958.96. The disclosure for this sale can be found here. In the last three months, insiders sold 160,367 shares of company stock worth $10,718,774. Insiders own 14.10% of the company’s stock.

Institutional Trading of MoneyLion

Hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC acquired a new stake in MoneyLion in the fourth quarter valued at $35,000. EntryPoint Capital LLC acquired a new stake in shares of MoneyLion in the 1st quarter valued at about $70,000. Empowered Funds LLC lifted its position in shares of MoneyLion by 8.2% during the first quarter. Empowered Funds LLC now owns 13,896 shares of the company’s stock worth $991,000 after purchasing an additional 1,050 shares during the last quarter. Quantbot Technologies LP grew its stake in MoneyLion by 69.9% in the first quarter. Quantbot Technologies LP now owns 5,167 shares of the company’s stock worth $369,000 after purchasing an additional 2,125 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in MoneyLion by 13.5% in the first quarter. GSA Capital Partners LLP now owns 18,223 shares of the company’s stock valued at $1,300,000 after buying an additional 2,165 shares during the last quarter. 31.43% of the stock is owned by hedge funds and other institutional investors.

MoneyLion Company Profile

(Get Free Report)

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.

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