MoneyLion's (ML) Hold Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of MoneyLion (NYSE:ML - Free Report) in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $100.00 price target on the stock.

Other analysts have also issued research reports about the company. Northland Capmk raised MoneyLion to a "strong-buy" rating in a research note on Wednesday, October 16th. Oppenheimer raised shares of MoneyLion from a "market perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a research note on Thursday, November 7th. Cantor Fitzgerald raised shares of MoneyLion to a "strong-buy" rating in a report on Thursday, October 3rd. Finally, Northland Securities boosted their price target on shares of MoneyLion from $80.00 to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $94.00.

MoneyLion Price Performance

ML stock traded down $0.84 during mid-day trading on Wednesday, hitting $87.18. 723,386 shares of the stock were exchanged, compared to its average volume of 210,182. The business has a fifty day moving average price of $63.07 and a 200 day moving average price of $62.68. MoneyLion has a 12 month low of $36.65 and a 12 month high of $106.82. The stock has a market capitalization of $967.79 million, a price-to-earnings ratio of 400.23 and a beta of 3.08.

Insider Buying and Selling at MoneyLion

In related news, CEO Diwakar Choubey sold 16,080 shares of the business's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $90.44, for a total transaction of $1,454,275.20. Following the transaction, the chief executive officer now owns 674,025 shares in the company, valued at $60,958,821. The trade was a 2.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Chris Sugden sold 25,000 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $86.22, for a total transaction of $2,155,500.00. Following the completion of the transaction, the director now directly owns 1,062,505 shares of the company's stock, valued at approximately $91,609,181.10. The trade was a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 109,872 shares of company stock valued at $8,998,024 in the last 90 days. Insiders own 11.90% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in MoneyLion by 500.7% during the second quarter. SG Americas Securities LLC now owns 19,906 shares of the company's stock worth $1,464,000 after acquiring an additional 16,592 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of MoneyLion by 24.1% during the second quarter. Marshall Wace LLP now owns 240,352 shares of the company's stock valued at $17,675,000 after purchasing an additional 46,611 shares during the last quarter. Bank of Montreal Can boosted its position in shares of MoneyLion by 2,060.1% in the 2nd quarter. Bank of Montreal Can now owns 103,470 shares of the company's stock worth $7,864,000 after purchasing an additional 98,680 shares in the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in shares of MoneyLion in the 2nd quarter worth approximately $1,579,000. Finally, Bank of New York Mellon Corp bought a new position in MoneyLion during the 2nd quarter valued at approximately $1,776,000. Hedge funds and other institutional investors own 31.43% of the company's stock.

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.