MoneyLion (NYSE:ML) Shares Gap Up to $71.40

MoneyLion Inc. (NYSE:ML)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $71.40, but opened at $81.50. MoneyLion shares last traded at $84.19, with a volume of 68,206 shares trading hands.

Analyst Ratings Changes

A number of brokerages have recently commented on ML. TheStreet raised MoneyLion from a “d” rating to a “c-” rating in a research note on Thursday, March 7th. Lake Street Capital lifted their price objective on MoneyLion from $75.00 to $109.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Finally, Needham & Company LLC initiated coverage on MoneyLion in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $90.00 price target on the stock. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, MoneyLion presently has a consensus rating of “Buy” and a consensus price target of $66.60.

MoneyLion Stock Performance

The stock has a market capitalization of $736.29 million, a P/E ratio of -15.59 and a beta of 2.68. The firm has a 50-day moving average price of $67.81 and a 200 day moving average price of $52.55.

MoneyLion (NYSE:ML) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.39) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $0.20. MoneyLion had a negative return on equity of 11.19% and a negative net margin of 10.69%. The business had revenue of $112.96 million for the quarter, compared to analyst estimates of $113.50 million. During the same period last year, the company earned ($3.00) EPS. On average, equities analysts anticipate that MoneyLion Inc. will post -0.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MoneyLion news, CFO Richard Correia sold 87,989 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $65.18, for a total value of $5,735,123.02. Following the completion of the sale, the chief financial officer now owns 262,481 shares in the company, valued at approximately $17,108,511.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CAO Mark Torossian sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $67.59, for a total transaction of $135,180.00. Following the completion of the transaction, the chief accounting officer now owns 23,994 shares of the company’s stock, valued at approximately $1,621,754.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Richard Correia sold 87,989 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $65.18, for a total value of $5,735,123.02. Following the transaction, the chief financial officer now directly owns 262,481 shares of the company’s stock, valued at approximately $17,108,511.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 149,111 shares of company stock worth $9,789,064. 14.10% of the stock is currently owned by company insiders.

Institutional Trading of MoneyLion

A number of institutional investors and hedge funds have recently modified their holdings of ML. Tower Research Capital LLC TRC bought a new stake in shares of MoneyLion in the fourth quarter worth $35,000. Orion Capital Management LLC bought a new position in shares of MoneyLion in the third quarter worth about $50,000. SG Americas Securities LLC bought a new position in shares of MoneyLion in the first quarter worth about $236,000. B. Riley Wealth Advisors Inc. bought a new position in MoneyLion during the fourth quarter valued at approximately $248,000. Finally, Quantbot Technologies LP boosted its stake in MoneyLion by 69.9% during the first quarter. Quantbot Technologies LP now owns 5,167 shares of the company’s stock valued at $369,000 after buying an additional 2,125 shares during the last quarter. 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.