B. Riley Reiterates Buy Rating for MoneyLion (NYSE:ML)

MoneyLion (NYSE:ML)‘s stock had its “buy” rating reissued by equities researchers at B. Riley in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $133.00 price target on the stock. B. Riley’s price target points to a potential upside of 71.77% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of MoneyLion in a research report on Monday. TheStreet raised shares of MoneyLion from a “d” rating to a “c-” rating in a research report on Thursday, March 7th. 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 research report on Monday, April 15th. Finally, Craig Hallum boosted their price objective on shares of MoneyLion from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, MoneyLion currently has an average rating of “Buy” and an average target price of $101.00.

MoneyLion Trading Up 7.7 %

Shares of NYSE:ML traded up $5.54 during midday trading on Tuesday, hitting $77.43. The stock had a trading volume of 66,417 shares, compared to its average volume of 174,379. The company has a market capitalization of $814.56 million, a PE ratio of -26.64 and a beta of 2.80. The stock has a 50 day moving average price of $80.17 and a two-hundred day moving average price of $65.97. MoneyLion has a 1 year low of $10.72 and a 1 year high of $106.82.

MoneyLion (NYSE:ML) last issued its earnings results on Tuesday, May 7th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.89. The business had revenue of $121.00 million for the quarter, compared to the consensus estimate of $116.32 million. MoneyLion had a negative net margin of 6.42% and a negative return on equity of 3.02%. The business’s quarterly revenue was up 29.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.29) earnings per share. As a group, equities analysts expect that MoneyLion will post 1.45 EPS for the current year.

Insider Buying and Selling

In related news, CFO Richard Correia sold 28,675 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $90.40, for a total value of $2,592,220.00. Following the completion of the transaction, the chief financial officer now owns 232,325 shares in the company, valued at approximately $21,002,180. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other MoneyLion news, CEO Diwakar Choubey sold 22,738 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $80.95, for a total value of $1,840,641.10. Following the completion of the transaction, the chief executive officer now directly owns 754,160 shares in the company, valued at $61,049,252. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Richard Correia sold 28,675 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $90.40, for a total transaction of $2,592,220.00. Following the completion of the transaction, the chief financial officer now owns 232,325 shares of the company’s stock, valued at $21,002,180. The disclosure for this sale can be found here. Insiders have sold a total of 72,003 shares of company stock valued at $6,175,744 in the last quarter. Company insiders own 14.10% of the company’s stock.

Hedge Funds Weigh In On MoneyLion

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ML. Tower Research Capital LLC TRC bought a new position in MoneyLion during the fourth quarter valued at approximately $35,000. Orion Capital Management LLC acquired a new position in MoneyLion during the third quarter valued at approximately $50,000. EntryPoint Capital LLC acquired a new position in MoneyLion during the first quarter valued at approximately $70,000. SG Americas Securities LLC acquired a new position in MoneyLion during the first quarter valued at approximately $236,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in MoneyLion during the fourth quarter valued at approximately $248,000. Institutional investors own 31.43% of the company’s stock.

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.