MoneyLion (NYSE:ML) Price Target Raised to $80.00 at Northland Securities

MoneyLion (NYSE:ML - Get Free Report) had its price objective raised by analysts at Northland Securities from $60.00 to $80.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Northland Securities' price objective would indicate a potential downside of 1.20% from the company's previous close.

Other analysts also recently issued research reports about the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $70.00 price target on shares of MoneyLion in a report on Friday, October 4th. Oppenheimer upgraded shares of 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. Cantor Fitzgerald raised shares of MoneyLion to a "strong-buy" rating in a research report on Thursday, October 3rd. Finally, Northland Capmk raised MoneyLion to a "strong-buy" rating in a report on Wednesday, October 16th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, MoneyLion presently has an average rating of "Buy" and a consensus target price of $90.71.

MoneyLion Price Performance

NYSE ML traded up $11.73 during mid-day trading on Friday, reaching $80.97. The stock had a trading volume of 505,081 shares, compared to its average volume of 200,961. The stock has a market cap of $888.24 million, a PE ratio of 1,134.29 and a beta of 2.67. MoneyLion has a 1 year low of $25.16 and a 1 year high of $106.82. The company has a fifty day moving average price of $43.60 and a 200 day moving average price of $61.48.

MoneyLion (NYSE:ML - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.27. MoneyLion had a return on equity of 0.72% and a net margin of 0.40%. The firm had revenue of $130.90 million for the quarter, compared to the consensus estimate of $127.03 million. During the same period in the prior year, the company posted ($0.42) earnings per share. The company's quarterly revenue was up 22.9% on a year-over-year basis. As a group, equities research analysts expect that MoneyLion will post 1.23 earnings per share for the current year.

Insider Transactions at MoneyLion

In other MoneyLion news, CFO Richard Correia sold 13,138 shares of the business's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $45.10, for a total transaction of $592,523.80. Following the completion of the sale, the chief financial officer now owns 219,187 shares of the company's stock, valued at approximately $9,885,333.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Mark Torossian sold 328 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $80.00, for a total value of $26,240.00. Following the completion of the sale, the chief accounting officer now directly owns 20,409 shares of the company's stock, valued at $1,632,720. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Richard Correia sold 13,138 shares of the firm's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $45.10, for a total transaction of $592,523.80. Following the sale, the chief financial officer now owns 219,187 shares in the company, valued at $9,885,333.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,848 shares of company stock worth $2,764,307 in the last 90 days. 11.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MoneyLion

A number of institutional investors have recently bought and sold shares of the business. Divisadero Street Capital Management LP purchased a new stake in MoneyLion during the 2nd quarter valued at approximately $13,427,000. Bank of Montreal Can boosted its position in shares of MoneyLion by 2,060.1% during the second quarter. Bank of Montreal Can now owns 103,470 shares of the company's stock worth $7,864,000 after acquiring an additional 98,680 shares during the last quarter. Driehaus Capital Management LLC grew its stake in MoneyLion by 77.1% during the second quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company's stock valued at $16,288,000 after acquiring an additional 96,433 shares in the last quarter. Renaissance Technologies LLC increased its holdings in MoneyLion by 64.2% in the 2nd quarter. Renaissance Technologies LLC now owns 214,129 shares of the company's stock valued at $15,747,000 after acquiring an additional 83,700 shares during the last quarter. Finally, Hood River Capital Management LLC purchased a new stake in MoneyLion in the 1st quarter worth $3,742,000. Hedge funds and other institutional investors own 31.43% of the company's stock.

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.