Analysts Set MoneyLion Inc. (NYSE:ML) Price Target at $89.17

by · The Cerbat Gem

Shares of MoneyLion Inc. (NYSE:ML – Get Free Report) have been assigned an average recommendation of “Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $89.17.

A number of research firms recently weighed in on ML. Northland Securities assumed coverage on shares of MoneyLion in a report on Wednesday, October 16th. They set an “outperform” rating and a $60.00 price target for the company. Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price target on shares of MoneyLion in a research note on Friday, October 4th. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Oppenheimer assumed coverage on MoneyLion in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock.

Check Out Our Latest Stock Analysis on MoneyLion

Insider Buying and Selling at MoneyLion

In related news, CAO Mark Torossian sold 811 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total transaction of $36,576.10. Following the sale, the chief accounting officer now directly owns 21,395 shares of the company’s stock, valued at approximately $964,914.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director John C. Chrystal bought 5,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $47.07 per share, for a total transaction of $235,350.00. Following the completion of the purchase, the director now directly owns 44,967 shares in the company, valued at approximately $2,116,596.69. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mark Torossian sold 811 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $45.10, for a total value of $36,576.10. Following the transaction, the chief accounting officer now directly owns 21,395 shares of the company’s stock, valued at $964,914.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,059 shares of company stock worth $1,988,757 over the last quarter. 14.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC bought a new stake in MoneyLion in the 1st quarter valued at about $70,000. Fiducient Advisors LLC bought a new position in MoneyLion in the 2nd quarter worth approximately $204,000. Commonwealth Equity Services LLC acquired a new stake in MoneyLion in the 2nd quarter valued at approximately $227,000. Private Ocean LLC bought a new stake in MoneyLion during the 2nd quarter valued at $238,000. Finally, The Manufacturers Life Insurance Company acquired a new position in MoneyLion during the 2nd quarter worth $241,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

MoneyLion Trading Up 0.2 %

NYSE:ML opened at $45.29 on Friday. The firm’s fifty day simple moving average is $42.96 and its 200 day simple moving average is $63.57. MoneyLion has a twelve month low of $17.87 and a twelve month high of $106.82. The firm has a market capitalization of $476.36 million, a price-to-earnings ratio of -16.38 and a beta of 2.69.

MoneyLion (NYSE:ML – Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.27. MoneyLion had a return on equity of 0.72% and a net margin of 0.40%. The firm had revenue of $130.90 million for the quarter, compared to analyst estimates of $127.03 million. During the same period in the previous year, the company posted ($0.42) EPS. MoneyLion’s revenue for the quarter was up 22.9% on a year-over-year basis. On average, analysts predict that MoneyLion will post 1.33 earnings per share for the current year.

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.

Featured Stories