MoneyLion Inc. (NYSE:ML) Given Consensus Recommendation of "Buy" by Analysts

MoneyLion Inc. (NYSE:ML - Get Free Report) has earned an average rating of "Buy" from the eight research firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $90.71.

A number of research firms recently weighed in on ML. Northland Capmk upgraded shares of MoneyLion to a "strong-buy" rating in a report on Wednesday, October 16th. Oppenheimer upgraded shares of MoneyLion from a "market perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a research note on Thursday, November 7th. Cantor Fitzgerald raised shares of MoneyLion to a "strong-buy" rating in a report on Thursday, October 3rd. Needham & Company LLC restated a "buy" rating and set a $70.00 price objective on shares of MoneyLion in a research report on Friday, October 4th. Finally, Northland Securities increased their target price on shares of MoneyLion from $60.00 to $80.00 and gave the company an "outperform" rating in a report on Friday, November 8th.

Insider Activity

In related news, insider Timmie Hong sold 2,334 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $42.34, for a total value of $98,821.56. Following the sale, the insider now directly owns 105,857 shares of the company's stock, valued at approximately $4,481,985.38. This represents a 2.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam Vanwagner sold 6,165 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $70.00, for a total transaction of $431,550.00. Following the sale, the insider now directly owns 103,133 shares in the company, valued at $7,219,310. This represents a 5.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,627 shares of company stock valued at $995,440 in the last quarter. Insiders own 11.90% of the company's stock.

Hedge Funds Weigh In On MoneyLion

Hedge funds have recently modified their holdings of the company. Covestor Ltd increased its stake in shares of MoneyLion by 63.6% in the third quarter. Covestor Ltd now owns 656 shares of the company's stock worth $27,000 after acquiring an additional 255 shares during the last quarter. FMR LLC grew its position in shares of 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. EntryPoint Capital LLC bought a new stake in shares of MoneyLion in the first quarter valued at approximately $70,000. Quest Partners LLC grew its stake in shares of MoneyLion by 3,016.7% in the third quarter. Quest Partners LLC now owns 3,927 shares of the company's stock worth $163,000 after acquiring an additional 3,801 shares during the last quarter. Finally, Fiducient Advisors LLC bought a new position in MoneyLion during the second quarter worth $204,000. 31.43% of the stock is currently owned by institutional investors and hedge funds.

MoneyLion Price Performance

Shares of MoneyLion stock traded down $4.26 during midday trading on Thursday, reaching $80.11. The company had a trading volume of 270,736 shares, compared to its average volume of 203,163. MoneyLion has a fifty-two week low of $30.81 and a fifty-two week high of $106.82. The stock has a fifty day moving average price of $46.69 and a 200 day moving average price of $61.80. The firm has a market cap of $878.65 million, a PE ratio of 364.14 and a beta of 2.67.

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.