MoneyLion (ML) Scheduled to Post Quarterly Earnings on Tuesday

MoneyLion (NYSE:ML) will be posting its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect MoneyLion to post earnings of ($0.29) per share for the quarter. MoneyLion has set its Q1 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

MoneyLion (NYSE:ML) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.39) EPS for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.20. MoneyLion had a negative net margin of 10.69% and a negative return on equity of 11.19%. The business had revenue of $112.96 million during the quarter, compared to analysts’ expectations of $113.50 million. During the same period last year, the company posted ($3.00) earnings per share. On average, analysts expect MoneyLion to post $0 EPS for the current fiscal year and $4 EPS for the next fiscal year.

MoneyLion Trading Up 3.0 %

Shares of NYSE ML opened at $71.06 on Monday. The firm has a market capitalization of $747.41 million, a P/E ratio of -14.84 and a beta of 2.68. The firm’s 50-day moving average price is $67.42 and its 200-day moving average price is $52.17. MoneyLion has a 1-year low of $9.73 and a 1-year high of $87.00.

Analyst Upgrades and Downgrades

ML has been the subject of a number of research analyst reports. Needham & Company LLC began coverage on MoneyLion in a research report on Wednesday, April 3rd. They issued a “buy” rating and a $90.00 target price for the company. Lake Street Capital boosted their price objective on MoneyLion from $75.00 to $109.00 and gave the company a “buy” rating in a report on Monday, April 15th. Finally, TheStreet upgraded MoneyLion from a “d” rating to a “c-” rating in a report on Thursday, March 7th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $66.60.

Insider Buying and Selling at MoneyLion

In related news, Director Jeff Gary sold 945 shares of MoneyLion stock in a transaction that occurred 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 transaction, the director now owns 7,731 shares of the company’s stock, valued at $472,364.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Diwakar Choubey sold 9,338 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.87, for a total transaction of $680,460.06. Following the transaction, the chief executive officer now directly owns 796,024 shares in the company, valued at $58,006,268.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeff Gary sold 945 shares of the stock in a transaction dated 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 owns 7,731 shares of the company’s stock, valued at approximately $472,364.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,111 shares of company stock worth $9,789,064. Insiders own 14.10% 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.