MoneyLion (NYSE:ML) Shares Gap Up to $43.32

Shares of MoneyLion Inc. (NYSE:ML - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $43.32, but opened at $46.21. MoneyLion shares last traded at $48.49, with a volume of 62,179 shares.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ML. B. Riley reissued a "buy" rating and issued a $133.00 price target on shares of MoneyLion in a report on Tuesday, June 25th. Craig Hallum increased their price target on shares of MoneyLion from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, May 8th. Finally, Needham & Company LLC reduced their target price on MoneyLion from $100.00 to $70.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $95.00.

MoneyLion Stock Performance

The stock has a fifty day simple moving average of $64.44 and a 200-day simple moving average of $68.72. The stock has a market cap of $504.97 million, a P/E ratio of -16.41 and a beta of 2.74.

MoneyLion (NYSE:ML - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.27. The business had revenue of $130.90 million during the quarter, compared to the consensus estimate of $127.03 million. MoneyLion had a negative return on equity of 3.02% and a negative net margin of 6.42%. MoneyLion's quarterly revenue was up 22.9% on a year-over-year basis. During the same period last year, the company earned ($0.42) earnings per share. On average, research analysts anticipate that MoneyLion Inc. will post 1.45 earnings per share for the current year.

Insider Transactions at MoneyLion

In other news, CAO Mark Torossian sold 811 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $45.10, for a total transaction of $36,576.10. Following the completion of the transaction, the chief accounting officer now directly owns 21,395 shares in the company, valued at approximately $964,914.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CAO Mark Torossian sold 811 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total transaction of $36,576.10. Following the sale, the chief accounting officer now owns 21,395 shares in the company, valued at approximately $964,914.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Diwakar Choubey sold 20,133 shares of the stock in a transaction that occurred on 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 directly owns 716,380 shares of the company's stock, valued at approximately $32,308,738. The disclosure for this sale can be found here. Insiders have sold a total of 125,150 shares of company stock valued at $9,175,290 over the last 90 days. 14.10% of the stock is owned by corporate insiders.

Institutional Trading of MoneyLion

Institutional investors and hedge funds have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. acquired a new position in shares of MoneyLion in the second quarter valued at approximately $289,000. Driehaus Capital Management LLC boosted its position in shares of MoneyLion by 77.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company's stock worth $16,288,000 after acquiring an additional 96,433 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of MoneyLion in the 2nd quarter valued at $241,000. Dark Forest Capital Management LP bought a new position in MoneyLion in the second quarter valued at about $254,000. Finally, Squarepoint Ops LLC increased its position in MoneyLion by 14.3% during the 2nd quarter. Squarepoint Ops LLC now owns 45,293 shares of the company's stock worth $3,331,000 after purchasing an additional 5,656 shares in the last quarter. 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.