Brokerages Set MoneyLion Inc. (NYSE:ML) Target Price at $100.00

MoneyLion Inc. (NYSE:ML) has earned an average rating of “Buy” from the eight analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $100.00.

Several brokerages recently issued reports on ML. Lake Street Capital restated a “hold” rating and issued a $82.00 price objective (down from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Cantor Fitzgerald raised shares of MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Northland Capmk raised shares of MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Northland Securities boosted their target price on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Needham & Company LLC restated a “hold” rating and set a $100.00 price target on shares of MoneyLion in a research note on Wednesday, December 11th.

Insider Buying and Selling at MoneyLion

In other MoneyLion news, insider Adam Vanwagner sold 6,165 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $70.00, for a total transaction of $431,550.00. Following the completion of the transaction, the insider now owns 103,133 shares in the company, valued at $7,219,310. The trade was a 5.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Richard Correia sold 5,296 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $60.00, for a total transaction of $317,760.00. Following the completion of the sale, the chief financial officer now owns 213,891 shares in the company, valued at $12,833,460. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 117,382 shares of company stock valued at $9,847,620 in the last 90 days. Company insiders own 11.90% of the company’s stock.

Institutional Trading of MoneyLion

Institutional investors have recently bought and sold shares of the business. Covestor Ltd increased its holdings in shares of MoneyLion by 63.6% in the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after acquiring an additional 255 shares during the last quarter. Point72 DIFC Ltd acquired a new position in MoneyLion in the third quarter valued at approximately $40,000. FMR LLC increased its stake in MoneyLion by 154.6% in the third quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after purchasing an additional 637 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in MoneyLion during the fourth quarter worth approximately $67,000. Finally, Quest Partners LLC lifted its position in shares of MoneyLion by 3,016.7% during the 3rd quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock worth $163,000 after buying an additional 3,801 shares during the last quarter. 31.43% of the stock is owned by hedge funds and other institutional investors.

MoneyLion Stock Up 0.4 %

NYSE:ML opened at $87.38 on Tuesday. MoneyLion has a 52 week low of $36.65 and a 52 week high of $106.82. The stock’s fifty day moving average is $86.49 and its two-hundred day moving average is $64.25. The company has a market capitalization of $970.02 million, a P/E ratio of 397.19 and a beta of 3.07.

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.