Shares of MoneyLion Inc. (NYSE:ML - Get Free Report) have been assigned an average recommendation of "Buy" from the eight research firms that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $97.86.
Several brokerages recently weighed in on ML. Oppenheimer raised shares of MoneyLion from a "market perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research note on Thursday, November 7th. Cantor Fitzgerald upgraded MoneyLion to a "strong-buy" rating in a research report on Thursday, October 3rd. Needham & Company LLC restated a "buy" rating and set a $100.00 price objective on shares of MoneyLion in a research report on Tuesday, November 26th. Northland Securities lifted their price objective on MoneyLion from $80.00 to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. Finally, Northland Capmk raised shares of MoneyLion to a "strong-buy" rating in a research report on Wednesday, October 16th.
View Our Latest Stock Analysis on MoneyLion
MoneyLion Trading Down 11.0 %
ML traded down $9.52 during trading on Monday, reaching $77.01. 203,146 shares of the company's stock were exchanged, compared to its average volume of 201,861. MoneyLion has a one year low of $36.65 and a one year high of $106.82. The firm has a fifty day moving average price of $61.35 and a two-hundred day moving average price of $62.75. The stock has a market capitalization of $854.89 million, a PE ratio of 350.05 and a beta of 3.08.
Insiders Place Their Bets
In other news, insider Timmie Hong sold 2,504 shares of the company's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $48.35, for a total transaction of $121,068.40. Following the transaction, the insider now directly owns 103,353 shares of the company's stock, valued at $4,997,117.55. This represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard Correia sold 6,982 shares of MoneyLion stock in a transaction on Friday, November 29th. The shares were sold at an average price of $90.37, for a total transaction of $630,963.34. Following the completion of the sale, the chief financial officer now directly owns 178,019 shares of the company's stock, valued at approximately $16,087,577.03. The trade was a 3.77 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 84,872 shares of company stock worth $6,842,524. Corporate insiders own 11.90% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. Covestor Ltd boosted its position 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 buying an additional 255 shares during the last quarter. ClariVest Asset Management LLC boosted its holdings in MoneyLion by 2.6% during the 2nd quarter. ClariVest Asset Management LLC now owns 10,175 shares of the company's stock worth $748,000 after acquiring an additional 257 shares during the last quarter. FMR LLC boosted its stake 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 buying an additional 637 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of MoneyLion during the 3rd quarter valued at $40,000. Finally, GSA Capital Partners LLP increased 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 purchasing an additional 1,360 shares during the last quarter. 31.43% of the stock is owned by institutional investors.
About MoneyLion
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Get Free ReportMoneyLion 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.
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