Analysts Set Expectations for MoneyLion FY2024 Earnings

MoneyLion Inc. (NYSE:ML - Free Report) - Investment analysts at Northland Capmk lifted their FY2024 EPS estimates for MoneyLion in a research report issued to clients and investors on Thursday, November 7th. Northland Capmk analyst M. Grondahl now anticipates that the company will post earnings per share of $1.17 for the year, up from their prior forecast of $1.04. Northland Capmk has a "Strong-Buy" rating on the stock. The consensus estimate for MoneyLion's current full-year earnings is $1.28 per share.

Several other brokerages have also recently issued reports on ML. Needham & Company LLC reiterated a "buy" rating and set a $70.00 price target on shares of MoneyLion in a research report on Friday, October 4th. Northland Securities increased their target price on MoneyLion from $60.00 to $80.00 and gave the stock an "outperform" rating in a research note on Friday. Oppenheimer upgraded shares of MoneyLion from a "market perform" rating to an "outperform" rating and set a $80.00 price target for the company in a research note on Thursday. Finally, Cantor Fitzgerald upgraded shares of MoneyLion to a "strong-buy" rating in a research note on Thursday, October 3rd. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $90.71.

MoneyLion Trading Up 0.8 %

ML stock traded up $0.66 during midday trading on Monday, hitting $81.58. The company had a trading volume of 398,487 shares, compared to its average volume of 201,963. MoneyLion has a 52 week low of $28.64 and a 52 week high of $106.82. The stock has a market cap of $894.93 million, a price-to-earnings ratio of 367.82 and a beta of 2.67. The stock's 50 day moving average price is $44.29 and its 200 day moving average price is $61.44.

Institutional Trading of MoneyLion

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ML. Covestor Ltd raised its stake in shares of MoneyLion by 63.6% during the third quarter. Covestor Ltd now owns 656 shares of the company's stock valued at $27,000 after purchasing an additional 255 shares during the period. EntryPoint Capital LLC acquired a new stake in MoneyLion during the 1st quarter valued at approximately $70,000. Quest Partners LLC increased its holdings in 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 purchasing an additional 3,801 shares during the last quarter. Fiducient Advisors LLC bought a new stake in shares of MoneyLion in the second quarter worth $204,000. Finally, Commonwealth Equity Services LLC bought a new stake in MoneyLion in the second quarter valued at about $227,000. Hedge funds and other institutional investors own 31.43% of the company's stock.

Insider Activity

In related news, CAO Mark Torossian sold 328 shares of MoneyLion stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $80.00, for a total value of $26,240.00. Following the sale, the chief accounting officer now directly owns 20,409 shares in the company, valued at approximately $1,632,720. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other MoneyLion news, CAO Mark Torossian sold 328 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $80.00, for a total transaction of $26,240.00. Following the sale, the chief accounting officer now directly owns 20,409 shares in the company, valued at $1,632,720. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timmie Hong sold 2,334 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $42.34, for a total transaction of $98,821.56. Following the completion of the sale, the insider now owns 105,857 shares in the company, valued at $4,481,985.38. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,848 shares of company stock valued at $2,764,307 in the last three months. 11.90% of the stock is currently owned by corporate insiders.

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.