Needham & Company LLC Reiterates Hold Rating for MoneyLion (NYSE:ML)

Needham & Company LLC restated their hold rating on shares of MoneyLion (NYSE:ML - Free Report) in a report released on Friday,Benzinga reports.

A number of other research firms also recently issued reports on ML. Lake Street Capital reissued a "hold" rating and issued a $82.00 price objective (down previously from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. B. Riley downgraded shares of MoneyLion from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $133.00 to $90.00 in a research report on Wednesday, February 26th. Northland Securities boosted their price objective on shares of MoneyLion from $80.00 to $100.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Finally, Oppenheimer raised MoneyLion from a "market perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $92.83.

MoneyLion Stock Down 0.4 %

NYSE:ML traded down $0.35 on Friday, hitting $87.41. The stock had a trading volume of 52,468 shares, compared to its average volume of 214,323. The business's 50-day simple moving average is $86.69 and its two-hundred day simple moving average is $69.38. The stock has a market cap of $989.48 million, a price-to-earnings ratio of 397.75 and a beta of 3.04. MoneyLion has a 52-week low of $36.65 and a 52-week high of $106.82.

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Insiders Place Their Bets

In other MoneyLion news, insider Adam Vanwagner sold 5,326 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total value of $464,746.76. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard Correia sold 3,502 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $85.76, for a total value of $300,331.52. Following the transaction, the chief financial officer now owns 182,570 shares of the company's stock, valued at approximately $15,657,203.20. The trade was a 1.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,403 shares of company stock worth $5,245,538. Corporate insiders own 11.90% of the company's stock.

Institutional Trading of MoneyLion

Several hedge funds have recently modified their holdings of the company. Alpine Global Management LLC bought a new stake in shares of MoneyLion in the 4th quarter worth about $2,177,000. Orion Capital Management LLC bought a new stake in MoneyLion during the fourth quarter worth approximately $112,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in MoneyLion during the fourth quarter worth approximately $1,055,000. Toronto Dominion Bank purchased a new stake in MoneyLion during the fourth quarter valued at approximately $4,303,000. Finally, Silvercrest Asset Management Group LLC lifted its stake in shares of MoneyLion by 96.1% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 128,103 shares of the company's stock valued at $11,018,000 after purchasing an additional 62,794 shares during the last quarter. 31.43% of the stock is owned by hedge funds and other institutional investors.

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.