MoneyLion (NYSE:ML) PT Raised to $109.00

MoneyLion (NYSE:ML) had its price objective boosted by Lake Street Capital from $75.00 to $109.00 in a research report report published on Monday, Benzinga reports. Lake Street Capital currently has a buy rating on the stock.

Several other research analysts have also issued reports on the stock. TheStreet raised shares of MoneyLion from a d rating to a c- rating in a research report on Thursday, March 7th. Needham & Company LLC began coverage on MoneyLion in a report on Wednesday, April 3rd. They issued a buy rating and a $90.00 target price for the company. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of Buy and a consensus price target of $66.60.

MoneyLion Trading Down 0.1 %

Shares of ML stock opened at $72.30 on Monday. MoneyLion has a 12 month low of $7.50 and a 12 month high of $87.00. The company has a market capitalization of $760.60 million, a P/E ratio of -15.09 and a beta of 2.71. The stock has a 50 day moving average of $63.12 and a two-hundred day moving average of $48.08.

MoneyLion (NYSE:ML) last issued its earnings results on Thursday, March 7th. The company reported ($0.39) EPS for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.20. The business had revenue of $112.96 million during the quarter, compared to analyst estimates of $113.50 million. MoneyLion had a negative return on equity of 11.19% and a negative net margin of 10.69%. During the same period in the prior year, the company posted ($3.00) earnings per share. Sell-side analysts predict that MoneyLion will post -0.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jeff Gary sold 945 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $61.10, for a total transaction of $57,739.50. Following the completion of the sale, the director now directly owns 7,731 shares of the company’s stock, valued at approximately $472,364.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Mark Torossian sold 2,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $67.59, for a total transaction of $135,180.00. Following the sale, the chief accounting officer now directly owns 23,994 shares of the company’s stock, valued at $1,621,754.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeff Gary sold 945 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $61.10, for a total transaction of $57,739.50. Following the completion of the sale, the director now directly owns 7,731 shares of the company’s stock, valued at approximately $472,364.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 149,111 shares of company stock valued at $9,789,064. 14.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. EAM Investors LLC acquired a new position in shares of MoneyLion during the third quarter valued at $1,145,000. HighTower Advisors LLC boosted its stake in shares of MoneyLion by 15.8% in the 3rd quarter. HighTower Advisors LLC now owns 37,346 shares of the company’s stock valued at $808,000 after purchasing an additional 5,100 shares during the last quarter. Orion Capital Management LLC bought a new position in shares of MoneyLion in the 3rd quarter valued at about $50,000. Manatuck Hill Partners LLC acquired a new stake in shares of MoneyLion during the 3rd quarter worth approximately $1,407,000. Finally, SVB Financial Group bought a new stake in shares of MoneyLion during the fourth quarter worth approximately $46,000. 31.43% of the stock is currently owned by institutional investors.

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.