MoneyLion (NYSE:ML) Releases Earnings Results, Misses Estimates By $0.33 EPS

MoneyLion (NYSE:ML - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.33), Zacks reports. MoneyLion had a net margin of 0.64% and a return on equity of 1.18%. The firm had revenue of $158.59 million during the quarter, compared to analyst estimates of $153.26 million.

MoneyLion Price Performance

Shares of ML traded up $0.45 on Friday, reaching $87.18. The company's stock had a trading volume of 157,526 shares, compared to its average volume of 158,693. MoneyLion has a 12-month low of $36.65 and a 12-month high of $106.82. The stock's 50 day simple moving average is $86.60 and its two-hundred day simple moving average is $67.27. The stock has a market capitalization of $967.79 million, a P/E ratio of 396.27 and a beta of 3.06.

Analyst Ratings Changes

A number of research firms have commented on ML. Northland Securities upped their price target on MoneyLion from $80.00 to $100.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. B. Riley lowered MoneyLion from a "buy" rating to a "neutral" rating and cut their price target for the stock from $133.00 to $90.00 in a report on Wednesday. Lake Street Capital reissued a "hold" rating and set a $82.00 target price (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Oppenheimer upgraded 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. 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. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, MoneyLion currently has an average rating of "Moderate Buy" and an average target price of $92.83.

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Insider Buying and Selling

In related news, Director Chris Sugden sold 25,000 shares of MoneyLion 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 transaction, the director now owns 1,062,505 shares in the company, valued at approximately $91,609,181.10. This trade represents a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Timmie Hong sold 1,365 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $85.76, for a total value of $117,062.40. Following the transaction, the insider now directly owns 95,395 shares in the company, valued at approximately $8,181,075.20. This represents a 1.41 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,403 shares of company stock valued at $7,401,038. 11.90% of the stock is owned by corporate insiders.

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.