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

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

A number of equities research analysts recently weighed in on ML shares. Oppenheimer raised MoneyLion from a "market perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research report on Thursday, November 7th. Northland Capmk upgraded shares of MoneyLion to a "strong-buy" rating in a report on Wednesday, October 16th. Cantor Fitzgerald raised shares of MoneyLion to a "strong-buy" rating in a research report on Thursday, October 3rd. Northland Securities raised their target price on shares of MoneyLion from $80.00 to $100.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. Finally, Needham & Company LLC reaffirmed a "hold" rating and set a $100.00 price target on shares of MoneyLion in a research report on Wednesday, December 11th.

Insider Buying and Selling

In other news, insider Timmie Hong sold 6,094 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $86.84, for a total value of $529,202.96. Following the completion of the transaction, the insider now owns 86,015 shares of the company's stock, valued at $7,469,542.60. The trade was a 6.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Chris Sugden sold 25,000 shares of the company's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $86.22, for a total value of $2,155,500.00. Following the completion of the sale, the director now owns 1,062,505 shares in the company, valued at $91,609,181.10. The trade was a 2.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,632 shares of company stock valued at $9,428,405 over the last quarter. 11.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MoneyLion

Several institutional investors have recently made changes to their positions in ML. Covestor Ltd increased its stake 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 purchasing an additional 255 shares in the last quarter. ClariVest Asset Management LLC increased its position in shares of MoneyLion by 2.6% in the second quarter. ClariVest Asset Management LLC now owns 10,175 shares of the company's stock valued at $748,000 after buying an additional 257 shares in the last quarter. FMR LLC raised its stake in shares of MoneyLion by 154.6% during the 3rd quarter. FMR LLC now owns 1,049 shares of the company's stock worth $44,000 after buying an additional 637 shares during the period. Point72 DIFC Ltd purchased a new position in shares of MoneyLion during the 3rd quarter valued at approximately $40,000. Finally, GSA Capital Partners LLP lifted its position in shares of MoneyLion by 10.4% during 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. 31.43% of the stock is owned by hedge funds and other institutional investors.

MoneyLion Stock Up 0.7 %

ML stock traded up $0.58 during trading on Friday, hitting $86.79. 88,869 shares of the company's stock traded hands, compared to its average volume of 109,835. The firm has a market capitalization of $963.46 million, a P/E ratio of 394.50 and a beta of 3.08. MoneyLion has a 1 year low of $36.65 and a 1 year high of $106.82. The business has a fifty day simple moving average of $77.81 and a two-hundred day simple moving average of $62.50.

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.