MoneyLion (NYSE:ML) Posts Earnings Results, Beats Expectations By $0.89 EPS

MoneyLion (NYSE:ML) released its earnings results on Tuesday. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.89, Briefing.com reports. The company had revenue of $121.00 million during the quarter, compared to analysts’ expectations of $116.32 million. MoneyLion had a negative return on equity of 11.19% and a negative net margin of 10.69%. The firm’s revenue for the quarter was up 29.1% compared to the same quarter last year. During the same quarter last year, the business posted ($1.29) EPS.

MoneyLion Stock Up 3.8 %

ML stock traded up $2.75 during trading hours on Wednesday, hitting $74.28. The company’s stock had a trading volume of 104,181 shares, compared to its average volume of 168,673. The company has a market capitalization of $781.43 million, a PE ratio of -15.06 and a beta of 2.68. The stock has a 50 day moving average price of $68.20 and a two-hundred day moving average price of $52.91. MoneyLion has a 12 month low of $9.73 and a 12 month high of $87.00.

Insider Transactions at MoneyLion

In other news, Director Jeff Gary sold 945 shares of the 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 sale, the director now owns 7,731 shares in the company, valued at $472,364.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Diwakar Choubey sold 9,338 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.87, for a total transaction of $680,460.06. Following the completion of 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 this link. Also, Director Jeff Gary sold 945 shares of the business’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 in the company, valued at approximately $472,364.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 149,111 shares of company stock worth $9,789,064. Insiders own 14.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ML. TheStreet upgraded shares of MoneyLion from a “d” rating to a “c-” rating in a report on Thursday, March 7th. Needham & Company LLC raised their target price on MoneyLion from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday. Craig Hallum increased their price objective on MoneyLion from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Lake Street Capital boosted their price objective on shares of MoneyLion from $75.00 to $109.00 and gave the company a “buy” rating in a report on Monday, April 15th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, MoneyLion currently has a consensus rating of “Buy” and a consensus target price of $78.60.

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.