MoneyLion (NYSE:ML) Earns Buy Rating from Needham & Company LLC

MoneyLion (NYSE:ML)‘s stock had its “buy” rating reissued by Needham & Company LLC in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $100.00 price target on the stock. Needham & Company LLC’s target price points to a potential upside of 15.87% from the stock’s current price.

ML has been the subject of a number of other research reports. Northland Securities boosted their target price on MoneyLion from $60.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Thursday, November 7th. Northland Capmk upgraded shares of MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $95.00.

MoneyLion Stock Performance

Shares of NYSE:ML opened at $86.30 on Tuesday. The business has a fifty day moving average of $53.20 and a 200-day moving average of $62.32. MoneyLion has a twelve month low of $36.26 and a twelve month high of $106.82. The firm has a market cap of $957.93 million, a PE ratio of 392.27 and a beta of 2.67.

Insiders Place Their Bets

In related news, CEO Diwakar Choubey sold 20,133 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $80.11, for a total transaction of $1,612,854.63. Following the transaction, the chief executive officer now directly owns 690,825 shares in the company, valued at approximately $55,341,990.75. The trade was a 2.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam Vanwagner sold 2,994 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $79.40, for a total transaction of $237,723.60. Following the completion of the transaction, the insider now owns 90,635 shares in the company, valued at approximately $7,196,419. The trade was a 3.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,680 shares of company stock valued at $4,120,514. 11.90% of the stock is currently owned by insiders.

Institutional Trading of MoneyLion

Large investors have recently modified their holdings of the business. Covestor Ltd boosted its holdings in MoneyLion by 63.6% in the third quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after acquiring an additional 255 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of MoneyLion during the third quarter valued at approximately $40,000. FMR LLC raised its stake in shares of MoneyLion by 154.6% in the third quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after purchasing an additional 637 shares during the last quarter. Quest Partners LLC raised its stake in MoneyLion by 3,016.7% during the 3rd quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after buying an additional 3,801 shares during the last quarter. Finally, Fiducient Advisors LLC bought a new position in shares of MoneyLion during the 2nd quarter valued at $204,000. 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.