Q3 Earnings Forecast for MoneyLion Issued By Northland Capmk

MoneyLion Inc. (NYSE:ML - Free Report) - Analysts at Northland Capmk issued their Q3 2024 EPS estimates for MoneyLion in a research note issued to investors on Wednesday, October 16th. Northland Capmk analyst M. Grondahl anticipates that the company will post earnings of $0.06 per share for the quarter. Northland Capmk currently has a "Strong-Buy" rating on the stock. The consensus estimate for MoneyLion's current full-year earnings is $1.33 per share. Northland Capmk also issued estimates for MoneyLion's Q4 2024 earnings at $0.14 EPS, FY2024 earnings at $1.04 EPS, Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.63 EPS, Q4 2025 earnings at $0.49 EPS and FY2025 earnings at $1.70 EPS.

MoneyLion (NYSE:ML - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.27. MoneyLion had a net margin of 0.40% and a return on equity of 0.72%. The company had revenue of $130.90 million during the quarter, compared to analysts' expectations of $127.03 million. During the same quarter in the prior year, the company earned ($0.42) EPS. MoneyLion's revenue was up 22.9% compared to the same quarter last year.

Other equities analysts have also issued reports about the stock. Cantor Fitzgerald upgraded shares of MoneyLion to a "strong-buy" rating in a report on Thursday, October 3rd. B. Riley reiterated a "buy" rating and issued a $133.00 target price on shares of MoneyLion in a report on Tuesday, June 25th. Needham & Company LLC restated a "buy" rating and issued a $70.00 price objective on shares of MoneyLion in a report on Friday, October 4th. Oppenheimer initiated coverage on shares of MoneyLion in a report on Tuesday, October 1st. They issued a "market perform" rating on the stock. Finally, Northland Securities initiated coverage on shares of MoneyLion in a report on Wednesday. They issued an "outperform" rating and a $60.00 price objective on the stock. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, MoneyLion has a consensus rating of "Buy" and a consensus target price of $89.17.

MoneyLion Price Performance

NYSE ML traded down $1.87 during trading hours on Friday, hitting $46.44. 130,917 shares of the company's stock traded hands, compared to its average volume of 198,983. MoneyLion has a 52-week low of $17.40 and a 52-week high of $106.82. The company has a market capitalization of $488.46 million, a PE ratio of -16.01 and a beta of 2.69. The firm's 50-day moving average is $42.94 and its 200-day moving average is $64.14.

Institutional Trading of MoneyLion

A number of large investors have recently bought and sold shares of the business. EntryPoint Capital LLC acquired a new stake in shares of MoneyLion in the 1st quarter worth $70,000. Fiducient Advisors LLC acquired a new stake in shares of MoneyLion in the 2nd quarter worth $204,000. Commonwealth Equity Services LLC acquired a new stake in shares of MoneyLion in the 2nd quarter worth $227,000. Private Ocean LLC acquired a new stake in shares of MoneyLion in the 2nd quarter worth $238,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of MoneyLion in the 2nd quarter worth $241,000. Institutional investors and hedge funds own 31.43% of the company's stock.

Insider Activity at MoneyLion

In related news, insider Timmie Hong sold 2,504 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $48.35, for a total value of $121,068.40. Following the transaction, the insider now directly owns 103,353 shares of the company's stock, valued at $4,997,117.55. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Timmie Hong sold 2,504 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $48.35, for a total value of $121,068.40. Following the transaction, the insider now directly owns 103,353 shares of the company's stock, valued at $4,997,117.55. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Diwakar Choubey sold 20,133 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $45.10, for a total transaction of $907,998.30. Following the completion of the transaction, the chief executive officer now directly owns 716,380 shares in the company, valued at $32,308,738. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,059 shares of company stock valued at $1,988,757 in the last ninety days. Insiders own 14.10% 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.