MoneyLion (NYSE:ML) Upgraded by Cantor Fitzgerald to “Strong-Buy”

MoneyLion (NYSE:ML) was upgraded by Cantor Fitzgerald to a “strong-buy” rating in a report released on Thursday, Zacks.com reports.

Several other analysts have also weighed in on ML. Needham & Company LLC lowered their target price on MoneyLion from $100.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Oppenheimer began coverage on MoneyLion in a report on Tuesday. They issued a “market perform” rating on the stock. Finally, B. Riley reaffirmed a “buy” rating and set a $133.00 price objective on shares of MoneyLion in a research note on Tuesday, June 25th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, MoneyLion presently has a consensus rating of “Buy” and an average price target of $95.00.

MoneyLion Stock Performance

MoneyLion stock opened at $39.64 on Thursday. The firm has a market capitalization of $416.93 million, a price-to-earnings ratio of -13.67 and a beta of 2.69. MoneyLion has a fifty-two week low of $17.40 and a fifty-two week high of $106.82. The stock’s fifty day moving average is $46.29 and its two-hundred day moving average is $66.10.

MoneyLion (NYSE:ML) last posted its earnings results on Tuesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.27. The company had revenue of $130.90 million for the quarter, compared to analyst estimates of $127.03 million. MoneyLion had a return on equity of 0.72% and a net margin of 0.40%. MoneyLion’s revenue was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.42) earnings per share. As a group, sell-side analysts forecast that MoneyLion will post 1.4 EPS for the current fiscal year.

Insider Activity at MoneyLion

In related news, CEO Diwakar Choubey sold 20,133 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total transaction of $907,998.30. Following the sale, the chief executive officer now owns 716,380 shares of the company’s stock, valued at $32,308,738. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other MoneyLion news, insider Timmie Hong sold 2,334 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $42.34, for a total value of $98,821.56. Following the sale, the insider now directly owns 105,857 shares of the company’s stock, valued at approximately $4,481,985.38. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Diwakar Choubey sold 20,133 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $45.10, for a total value of $907,998.30. Following the completion of the sale, the chief executive officer now directly owns 716,380 shares in the company, valued at approximately $32,308,738. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,737 shares of company stock valued at $4,028,078 over the last quarter. Insiders own 14.10% of the company’s stock.

Institutional Trading of MoneyLion

A number of hedge funds have recently added to or reduced their stakes in ML. B. Riley Wealth Advisors Inc. purchased a new position in shares of MoneyLion in the 2nd quarter worth about $289,000. Driehaus Capital Management LLC raised its holdings in shares of MoneyLion by 77.1% in the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock worth $16,288,000 after purchasing an additional 96,433 shares during the period. The Manufacturers Life Insurance Company purchased a new position in shares of MoneyLion in the 2nd quarter worth about $241,000. Dark Forest Capital Management LP purchased a new position in shares of MoneyLion in the 2nd quarter worth about $254,000. Finally, Squarepoint Ops LLC raised its holdings in shares of MoneyLion by 14.3% in the 2nd quarter. Squarepoint Ops LLC now owns 45,293 shares of the company’s stock worth $3,331,000 after purchasing an additional 5,656 shares during the period. 31.43% of the stock is owned by institutional investors and hedge funds.

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.