MoneyLion Inc. (NYSE:ML) Given Consensus Recommendation of “Buy” by Brokerages

MoneyLion Inc. (NYSE:ML) has earned a consensus rating of “Buy” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have covered the stock in the last year is $78.60.

ML has been the topic of several research reports. TheStreet upgraded MoneyLion from a “d” rating to a “c-” rating in a research report on Thursday, March 7th. Craig Hallum lifted their price objective on MoneyLion from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Needham & Company LLC lifted their price objective on MoneyLion from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, Lake Street Capital raised their target price on MoneyLion from $75.00 to $109.00 and gave the stock a “buy” rating in a research note on Monday, April 15th.

MoneyLion Stock Down 2.9 %

MoneyLion stock opened at $82.51 on Thursday. The firm has a market cap of $867.95 million, a price-to-earnings ratio of -28.45 and a beta of 2.68. MoneyLion has a 52 week low of $10.11 and a 52 week high of $87.00. The business’s 50-day moving average price is $72.92 and its 200 day moving average price is $57.35.

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

Insider Transactions at MoneyLion

In related news, insider Timmie Hong sold 25,157 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $65.08, for a total value of $1,637,217.56. Following the completion of the sale, the insider now directly owns 131,557 shares of the company’s stock, valued at approximately $8,561,729.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Timmie Hong sold 25,157 shares of the 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 completion of the transaction, the insider now directly owns 131,557 shares of the company’s stock, valued at approximately $8,561,729.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Adam Vanwagner sold 4,478 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $84.59, for a total value of $378,794.02. Following the transaction, the insider now directly owns 116,271 shares of the company’s stock, valued at $9,835,363.89. The disclosure for this sale can be found here. In the last ninety days, insiders sold 160,367 shares of company stock valued at $10,718,774. 14.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MoneyLion

Several hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new position in MoneyLion in the 4th quarter valued at approximately $35,000. EntryPoint Capital LLC acquired a new stake in MoneyLion during the 1st quarter valued at $70,000. Empowered Funds LLC grew its holdings in MoneyLion by 8.2% during the 1st quarter. Empowered Funds LLC now owns 13,896 shares of the company’s stock valued at $991,000 after buying an additional 1,050 shares during the last quarter. Quantbot Technologies LP grew its holdings in MoneyLion by 69.9% during the 1st quarter. Quantbot Technologies LP now owns 5,167 shares of the company’s stock valued at $369,000 after buying an additional 2,125 shares during the last quarter. Finally, GSA Capital Partners LLP grew its holdings in MoneyLion by 13.5% during the 1st 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.

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.