MoneyLion (NYSE:ML) Research Coverage Started at Northland Securities

Analysts at Northland Securities initiated coverage on shares of MoneyLion (NYSE:ML) in a research note issued to investors on Wednesday, Benzinga reports. The firm set an “outperform” rating and a $60.00 price target on the stock. Northland Securities’ price objective would suggest a potential upside of 22.72% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. B. Riley restated a “buy” rating and issued a $133.00 price objective on shares of MoneyLion in a report on Tuesday, June 25th. Oppenheimer began coverage on shares of MoneyLion in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price objective on shares of MoneyLion in a research note on Friday, October 4th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, MoneyLion has a consensus rating of “Buy” and an average target price of $89.17.

MoneyLion Stock Up 9.6 %

Shares of NYSE ML traded up $4.29 during trading on Wednesday, hitting $48.89. The company had a trading volume of 232,241 shares, compared to its average volume of 198,889. The firm has a market capitalization of $514.23 million, a price-to-earnings ratio of -16.86 and a beta of 2.69. The stock has a fifty day simple moving average of $42.78 and a two-hundred day simple moving average of $64.50. MoneyLion has a fifty-two week low of $17.40 and a fifty-two week high of $106.82.

MoneyLion (NYSE:ML) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.27. MoneyLion had a return on equity of 0.72% and a net margin of 0.40%. The company had revenue of $130.90 million for the quarter, compared to analysts’ expectations of $127.03 million. During the same period in the previous year, the firm posted ($0.42) EPS. MoneyLion’s revenue was up 22.9% compared to the same quarter last year. On average, analysts anticipate that MoneyLion will post 1.33 earnings per share for the current year.

Insider Activity

In related news, insider Timmie Hong sold 5,139 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total value of $231,768.90. Following the completion of the transaction, the insider now directly owns 110,558 shares in the company, valued at approximately $4,986,165.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other MoneyLion news, insider Timmie Hong sold 5,139 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $45.10, for a total value of $231,768.90. Following the transaction, the insider now owns 110,558 shares of the company’s stock, valued at $4,986,165.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John C. Chrystal purchased 5,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $47.07 per share, with a total value of $235,350.00. Following the completion of the transaction, the director now owns 44,967 shares of the company’s stock, valued at approximately $2,116,596.69. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 41,555 shares of company stock valued at $1,867,689. 14.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Marshall Wace LLP increased its stake in MoneyLion by 24.1% during the second quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after purchasing an additional 46,611 shares during the period. Vanguard Group Inc. increased its stake in MoneyLion by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock worth $16,588,000 after buying an additional 3,107 shares during the period. Driehaus Capital Management LLC lifted its holdings in MoneyLion by 77.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock worth $16,288,000 after buying an additional 96,433 shares in the last quarter. Renaissance Technologies LLC boosted its position in MoneyLion by 64.2% in the 2nd quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock valued at $15,747,000 after buying an additional 83,700 shares during the period. Finally, Divisadero Street Capital Management LP acquired a new position in shares of MoneyLion in the second quarter worth $13,427,000. 31.43% of the stock is currently 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.