Analysts Set MoneyLion Inc. (NYSE:ML) PT at $95.00

Shares of MoneyLion Inc. (NYSE:ML - Get Free Report) have earned a consensus recommendation of "Buy" from the five analysts that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have covered the stock in the last year is $95.00.

ML has been the topic of a number of research analyst reports. Needham & Company LLC dropped their price target on MoneyLion from $100.00 to $70.00 and set a "buy" rating on the stock in a research note on Wednesday, August 7th. B. Riley reissued a "buy" rating and issued a $133.00 price objective on shares of MoneyLion in a research report on Tuesday, June 25th. Finally, Craig Hallum lifted their target price on shares of MoneyLion from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, May 8th.

MoneyLion Stock Up 0.5 %

Shares of ML stock traded up $0.25 on Friday, reaching $46.42. The stock had a trading volume of 179,374 shares, compared to its average volume of 205,381. MoneyLion has a 12 month low of $17.40 and a 12 month high of $106.82. The firm has a market capitalization of $488.25 million, a price-to-earnings ratio of -16.01 and a beta of 2.74. The firm's 50-day moving average is $61.42 and its two-hundred day moving average is $68.52.

MoneyLion (NYSE:ML - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.27. MoneyLion had a negative return on equity of 3.02% and a negative net margin of 6.42%. The firm had revenue of $130.90 million for the quarter, compared to the consensus estimate of $127.03 million. During the same quarter in the previous year, the business earned ($0.42) earnings per share. The business's revenue was up 22.9% compared to the same quarter last year. On average, sell-side analysts forecast that MoneyLion will post 1.45 earnings per share for the current fiscal year.

Insider Transactions at MoneyLion

In other MoneyLion news, CEO Diwakar Choubey sold 20,133 shares of MoneyLion stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $45.10, for a total value of $907,998.30. Following the completion of the sale, the chief executive officer now owns 716,380 shares in the company, valued at approximately $32,308,738. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other MoneyLion news, CEO Diwakar Choubey sold 20,133 shares of MoneyLion stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total value of $907,998.30. Following the completion of the transaction, the chief executive officer now directly owns 716,380 shares of the company's stock, valued at approximately $32,308,738. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard Correia sold 28,675 shares of the company's stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $90.40, for a total value of $2,592,220.00. Following the sale, the chief financial officer now owns 232,325 shares of the company's stock, valued at $21,002,180. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,150 shares of company stock valued at $9,175,290. 14.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in MoneyLion during the fourth quarter worth about $35,000. EntryPoint Capital LLC acquired a new position in MoneyLion during the 1st quarter worth approximately $70,000. Fiducient Advisors LLC bought a new position in MoneyLion in the 2nd quarter valued at approximately $204,000. Commonwealth Equity Services LLC acquired a new stake in MoneyLion in the second quarter valued at approximately $227,000. Finally, SG Americas Securities LLC bought a new stake in shares of MoneyLion during the first quarter worth $236,000. 31.43% of the stock is currently owned by institutional investors and hedge funds.

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.