MoneyLion (NYSE:ML) PT Raised to $109.00 at Lake Street Capital

MoneyLion (NYSE:ML) had its price target lifted by research analysts at Lake Street Capital from $75.00 to $109.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Lake Street Capital’s target price would indicate a potential upside of 44.87% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of MoneyLion from a “d” rating to a “c-” rating in a report on Thursday, March 7th. Needham & Company LLC initiated coverage on shares of MoneyLion in a research report on Wednesday, April 3rd. They set a “buy” rating and a $90.00 price target for the company. Five research analysts have rated the stock with a buy rating, According to MarketBeat, MoneyLion presently has an average rating of “Buy” and an average price target of $66.60.

MoneyLion Stock Up 3.9 %

Shares of NYSE:ML opened at $75.24 on Monday. The stock has a market cap of $791.52 million, a PE ratio of -15.71 and a beta of 2.71. The company’s fifty day moving average is $62.17 and its 200 day moving average is $47.74. MoneyLion has a 52 week low of $7.50 and a 52 week high of $87.00.

MoneyLion (NYSE:ML) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.39) EPS for the quarter, topping the consensus estimate of ($0.59) by $0.20. The firm had revenue of $112.96 million for the quarter, compared to the consensus estimate 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) earnings per share. Sell-side analysts anticipate that MoneyLion will post -0.06 EPS for the current year.

Insider Buying and Selling

In other MoneyLion news, CFO Richard Correia sold 87,989 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $65.18, for a total value of $5,735,123.02. Following the sale, the chief financial officer now directly owns 262,481 shares of the company’s stock, valued at $17,108,511.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other MoneyLion news, CFO Richard Correia sold 87,989 shares of the 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 sale, the chief financial officer now directly owns 262,481 shares in the company, valued at approximately $17,108,511.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jeff Gary sold 945 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $61.10, for a total value of $57,739.50. Following the completion of the transaction, the director now owns 7,731 shares of the company’s stock, valued at approximately $472,364.10. The disclosure for this sale can be found here. Insiders have sold 149,111 shares of company stock valued at $9,789,064 over the last quarter. Corporate insiders own 14.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of MoneyLion by 11.0% during the 3rd quarter. Vanguard Group Inc. now owns 6,199,308 shares of the company’s stock valued at $5,533,000 after buying an additional 612,935 shares during the period. PEAK6 Investments LLC raised its position in MoneyLion by 12.3% in the first quarter. PEAK6 Investments LLC now owns 4,315,145 shares of the company’s stock worth $10,831,000 after acquiring an additional 471,848 shares during the period. State Street Corp boosted its stake in shares of MoneyLion by 4.7% during the 3rd quarter. State Street Corp now owns 2,791,558 shares of the company’s stock worth $2,492,000 after acquiring an additional 125,746 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of MoneyLion by 5.5% in the 1st quarter. Geode Capital Management LLC now owns 2,457,772 shares of the company’s stock worth $1,396,000 after purchasing an additional 128,794 shares in the last quarter. Finally, Northern Trust Corp lifted its position in MoneyLion by 623.9% during the second quarter. Northern Trust Corp now owns 1,299,131 shares of the company’s stock valued at $1,715,000 after purchasing an additional 1,119,676 shares in the last quarter. Institutional investors own 31.43% of the company’s stock.

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.