Northland Securities Forecasts Strong Price Appreciation for MoneyLion (NYSE:ML) Stock

MoneyLion (NYSE:ML - Get Free Report) had its price objective boosted by equities researchers at Northland Securities from $80.00 to $100.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Northland Securities' price objective points to a potential upside of 15.42% from the stock's current price.

A number of other brokerages also recently weighed in on ML. Northland Capmk upgraded MoneyLion to a "strong-buy" rating in a report on Wednesday, October 16th. Oppenheimer upgraded 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. Cantor Fitzgerald upgraded MoneyLion to a "strong-buy" rating in a report on Thursday, October 3rd. Finally, Needham & Company LLC restated a "buy" rating and issued a $100.00 target price on shares of MoneyLion in a research note on Tuesday. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $97.86.

MoneyLion Trading Down 0.0 %

Shares of MoneyLion stock opened at $86.64 on Wednesday. The business has a 50-day moving average price of $53.20 and a two-hundred day moving average price of $62.32. MoneyLion has a 1-year low of $36.26 and a 1-year high of $106.82. The company has a market cap of $961.70 million, a P/E ratio of 393.82 and a beta of 2.67.

Insider Activity at MoneyLion

In related news, insider Timmie Hong sold 2,334 shares of the firm's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $42.34, for a total value of $98,821.56. Following the transaction, the insider now owns 105,857 shares of the company's stock, valued at approximately $4,481,985.38. This trade represents a 2.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark Torossian sold 328 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $80.00, for a total transaction of $26,240.00. Following the completion of the transaction, the chief accounting officer now directly owns 20,409 shares in the company, valued at approximately $1,632,720. The trade was a 1.58 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,680 shares of company stock valued at $4,120,514. 11.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MoneyLion

Several hedge funds have recently modified their holdings of ML. Covestor Ltd lifted its position in shares of MoneyLion by 63.6% during the 3rd quarter. Covestor Ltd now owns 656 shares of the company's stock worth $27,000 after buying an additional 255 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of MoneyLion during the 3rd quarter worth approximately $40,000. FMR LLC lifted its position in shares of MoneyLion by 154.6% during the 3rd quarter. FMR LLC now owns 1,049 shares of the company's stock worth $44,000 after buying an additional 637 shares in the last quarter. Quest Partners LLC lifted its position in shares of MoneyLion by 3,016.7% during the 3rd quarter. Quest Partners LLC now owns 3,927 shares of the company's stock worth $163,000 after buying an additional 3,801 shares in the last quarter. Finally, Fiducient Advisors LLC bought a new position in shares of MoneyLion during the 2nd quarter worth approximately $204,000. 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.

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