MoneyLion Inc. (NYSE:ML) Receives $100.00 Average Price Target from Analysts

MoneyLion Inc. (NYSE:ML - Get Free Report) has been given a consensus recommendation of "Buy" by the eight brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $100.00.

A number of analysts recently commented on the stock. Lake Street Capital reissued a "hold" rating and set a $82.00 price objective (down previously from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Northland Securities upped their price target on MoneyLion from $80.00 to $100.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. Needham & Company LLC reaffirmed a "hold" rating and set a $100.00 price objective on shares of MoneyLion in a report on Wednesday, December 11th. Northland Capmk upgraded MoneyLion to a "strong-buy" rating in a research report on Wednesday, October 16th. Finally, Cantor Fitzgerald raised MoneyLion to a "strong-buy" rating in a research note on Thursday, October 3rd.

Insider Buying and Selling at MoneyLion

In related news, CAO Mark Torossian sold 328 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $80.00, for a total value of $26,240.00. Following the transaction, the chief accounting officer now owns 20,409 shares in the company, valued at approximately $1,632,720. This trade represents a 1.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Adam Vanwagner sold 6,165 shares of the firm's stock in a transaction 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 directly owns 103,133 shares in the company, valued at approximately $7,219,310. This represents a 5.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 117,382 shares of company stock worth $9,847,620. Insiders own 11.90% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Covestor Ltd grew its position in shares of MoneyLion by 63.6% during the 3rd quarter. Covestor Ltd now owns 656 shares of the company's stock valued at $27,000 after buying an additional 255 shares during the last quarter. FMR LLC lifted its holdings in shares of MoneyLion by 154.6% in the 3rd quarter. FMR LLC now owns 1,049 shares of the company's stock worth $44,000 after purchasing an additional 637 shares during the last quarter. New York State Teachers Retirement System acquired a new position in MoneyLion during the 4th quarter valued at approximately $67,000. Point72 DIFC Ltd acquired a new position in shares of MoneyLion during the third quarter valued at $40,000. Finally, GSA Capital Partners LLP grew its position in MoneyLion by 10.4% in the 3rd quarter. GSA Capital Partners LLP now owns 14,427 shares of the company's stock valued at $599,000 after buying an additional 1,360 shares in the last quarter. Hedge funds and other institutional investors own 31.43% of the company's stock.

MoneyLion Stock Down 0.4 %

ML stock traded down $0.33 on Tuesday, reaching $86.99. 115,701 shares of the company's stock were exchanged, compared to its average volume of 153,629. The stock has a fifty day moving average of $86.49 and a 200-day moving average of $64.25. The firm has a market cap of $965.59 million, a PE ratio of 395.18 and a beta of 3.07. MoneyLion has a twelve month low of $36.65 and a twelve month high of $106.82.

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.