MoneyLion (NYSE:ML) Upgraded by Northland Capmk to Strong-Buy

MoneyLion (NYSE:ML - Get Free Report) was upgraded by stock analysts at Northland Capmk to a "strong-buy" rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

A number of other research analysts also recently commented on the company. Needham & Company LLC reiterated a "buy" rating and issued a $70.00 price objective on shares of MoneyLion in a report on Friday, October 4th. Northland Securities began coverage on shares of MoneyLion in a research note on Wednesday. They issued an "outperform" rating and a $60.00 price target on the stock. Oppenheimer started coverage on shares of MoneyLion in a report on Tuesday, October 1st. They set a "market perform" rating on the stock. B. Riley restated a "buy" rating and issued a $133.00 target price on shares of MoneyLion in a report on Tuesday, June 25th. Finally, Cantor Fitzgerald upgraded shares of MoneyLion to a "strong-buy" rating in a research note on Thursday, October 3rd. 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 company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $89.17.

MoneyLion Stock Up 0.4 %

NYSE ML traded up $0.17 on Wednesday, hitting $48.31. 171,046 shares of the stock were exchanged, compared to its average volume of 199,322. MoneyLion has a fifty-two week low of $17.40 and a fifty-two week high of $106.82. The company has a 50-day moving average price of $42.88 and a 200-day moving average price of $64.28. The company has a market cap of $508.12 million, a PE ratio of -16.66 and a beta of 2.69.

MoneyLion (NYSE:ML - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $130.90 million during the quarter, compared to analysts' expectations of $127.03 million. MoneyLion had a net margin of 0.40% and a return on equity of 0.72%. The company's revenue for the quarter was up 22.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.42) EPS. As a group, equities research analysts predict that MoneyLion will post 1.33 EPS for the current fiscal year.

Insider Activity at MoneyLion

In other news, insider Timmie Hong sold 5,139 shares of the company's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $45.10, for a total value of $231,768.90. Following the completion of the sale, the insider now directly owns 110,558 shares of the company's stock, valued at approximately $4,986,165.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Richard Correia sold 13,138 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total transaction of $592,523.80. Following the completion of the sale, the chief financial officer now directly owns 219,187 shares of the company's stock, valued at $9,885,333.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Timmie Hong sold 5,139 shares of MoneyLion stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $45.10, for a total transaction of $231,768.90. Following the completion of the transaction, the insider now owns 110,558 shares in the company, valued at approximately $4,986,165.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,059 shares of company stock worth $1,988,757 in the last 90 days. 14.10% of the stock is owned by insiders.

Hedge Funds Weigh In On MoneyLion

Large investors have recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new position in shares of MoneyLion during the 1st quarter worth approximately $70,000. Fiducient Advisors LLC acquired a new position in MoneyLion during the second quarter worth $204,000. Commonwealth Equity Services LLC purchased a new position in MoneyLion in the second quarter worth $227,000. SG Americas Securities LLC acquired a new stake in MoneyLion in the first quarter valued at $236,000. Finally, Private Ocean LLC acquired a new stake in MoneyLion in the second quarter valued at $238,000. Hedge funds and other institutional investors own 31.43% of the company's stock.

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.