MoneyLion (ML) to Release Quarterly Earnings on Thursday

MoneyLion (NYSE:ML - Get Free Report) is anticipated to announce its earnings results before the market opens on Thursday, March 6th. Analysts expect MoneyLion to post earnings of $0.51 per share and revenue of $150.34 million for the quarter.

MoneyLion Stock Up 0.5 %

Shares of MoneyLion stock traded up $0.45 during trading on Friday, reaching $87.18. 157,526 shares of the company were exchanged, compared to its average volume of 158,693. MoneyLion has a twelve month low of $36.65 and a twelve month high of $106.82. The business has a 50-day moving average price of $86.61 and a 200-day moving average price of $67.70. The firm has a market capitalization of $967.79 million, a price-to-earnings ratio of 396.27 and a beta of 3.06.

Insiders Place Their Bets

In related news, insider Timmie Hong sold 6,094 shares of the business's stock in a transaction on 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 sale, the insider now directly owns 86,015 shares in the company, valued at $7,469,542.60. The trade was a 6.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Adam Vanwagner sold 5,326 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total value of $464,746.76. Following the transaction, the insider now owns 85,306 shares in the company, valued at $7,443,801.56. The trade was a 5.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 85,403 shares of company stock valued at $7,401,038 over the last ninety days. 11.90% of the stock is currently owned by company insiders.

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Analysts Set New Price Targets

A number of brokerages have recently commented on ML. Lake Street Capital reaffirmed a "hold" rating and issued a $82.00 price target (down from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Northland Securities upped 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. Needham & Company LLC reissued a "hold" rating and set a $100.00 price target on shares of MoneyLion in a research report on Wednesday, December 11th. Oppenheimer raised shares of MoneyLion from a "market perform" rating to an "outperform" rating and set a $80.00 price target for the company in a report on Thursday, November 7th. Finally, B. Riley downgraded MoneyLion from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $133.00 to $90.00 in a research note on Wednesday. Three analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $92.83.

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.