MoneyLion (NYSE:ML) Earns Outperform Rating from Analysts at Northland Securities

Northland Securities assumed coverage on shares of MoneyLion (NYSE:ML - Get Free Report) in a research report issued on Wednesday, Benzinga reports. The brokerage set an "outperform" rating and a $60.00 price target on the stock. Northland Securities' target price would suggest a potential upside of 24.64% from the company's current price.

Several other equities analysts have also issued reports on ML. Needham & Company LLC restated a "buy" rating and set a $70.00 target price on shares of MoneyLion in a research report on Friday, October 4th. B. Riley reaffirmed a "buy" rating and issued a $133.00 target price on shares of MoneyLion in a research note on Tuesday, June 25th. Cantor Fitzgerald upgraded shares of MoneyLion to a "strong-buy" rating in a report on Thursday, October 3rd. Finally, Oppenheimer assumed coverage on shares of MoneyLion in a report on Tuesday, October 1st. They issued a "market perform" rating for the company. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, MoneyLion presently has an average rating of "Buy" and an average price target of $89.17.

MoneyLion Stock Up 7.9 %

NYSE ML traded up $3.54 during trading hours on Wednesday, hitting $48.14. The company's stock had a trading volume of 346,509 shares, compared to its average volume of 199,463. MoneyLion has a twelve month low of $17.40 and a twelve month high of $106.82. The firm has a market capitalization of $506.34 million, a P/E ratio of -16.60 and a beta of 2.69. The stock has a fifty day moving average of $42.87 and a 200 day moving average of $64.39.

MoneyLion (NYSE:ML - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.27. MoneyLion had a return on equity of 0.72% and a net margin of 0.40%. The business had revenue of $130.90 million for the quarter, compared to analyst estimates of $127.03 million. During the same period last year, the company earned ($0.42) EPS. The firm's revenue was up 22.9% on a year-over-year basis. On average, analysts predict that MoneyLion will post 1.33 earnings per share for the current year.

Insider Activity

In other MoneyLion news, insider Timmie Hong sold 2,334 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $42.34, for a total transaction of $98,821.56. Following the completion of the transaction, the insider now owns 105,857 shares in the company, valued at approximately $4,481,985.38. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Mark Torossian sold 811 shares of MoneyLion 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 $36,576.10. Following the sale, the chief accounting officer now directly owns 21,395 shares in the company, valued at $964,914.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timmie Hong sold 2,334 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $42.34, for a total transaction of $98,821.56. Following the completion of the sale, the insider now directly owns 105,857 shares in the company, valued at approximately $4,481,985.38. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,555 shares of company stock worth $1,867,689 over the last quarter. 14.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MoneyLion

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. acquired a new position in MoneyLion during the second quarter valued at approximately $289,000. Driehaus Capital Management LLC boosted its holdings in shares of MoneyLion by 77.1% in the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company's stock valued at $16,288,000 after buying an additional 96,433 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of MoneyLion in the second quarter valued at $241,000. Dark Forest Capital Management LP acquired a new position in MoneyLion during the second quarter worth $254,000. Finally, Squarepoint Ops LLC increased its holdings in MoneyLion by 14.3% during the second quarter. Squarepoint Ops LLC now owns 45,293 shares of the company's stock worth $3,331,000 after buying an additional 5,656 shares during the last quarter. 31.43% of the stock is currently owned by institutional investors and hedge funds.

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.