MoneyLion Inc. (NYSE:ML) Receives $100.00 Consensus Price Target from Brokerages

MoneyLion Inc. (NYSE:ML) has been given a consensus recommendation of “Buy” by the eight analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $100.00.

Several equities research analysts have recently commented on ML shares. Northland Securities boosted their target price on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Thursday, November 7th. Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Lake Street Capital reissued a “hold” rating and issued a $82.00 price target (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Finally, Needham & Company LLC reaffirmed a “hold” rating and set a $100.00 price objective on shares of MoneyLion in a report on Wednesday, December 11th.

MoneyLion Stock Down 0.5 %

Shares of ML opened at $85.78 on Friday. The stock has a market cap of $952.24 million, a P/E ratio of 389.91 and a beta of 3.07. The business’s fifty day moving average is $80.28 and its 200 day moving average is $62.49. MoneyLion has a 12-month low of $36.65 and a 12-month high of $106.82.

Insider Buying and Selling at MoneyLion

In other news, insider Timmie Hong sold 6,094 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $86.84, for a total transaction of $529,202.96. Following the completion of the sale, the insider now owns 86,015 shares in the company, valued at $7,469,542.60. This trade represents a 6.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Mark Torossian sold 328 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $80.00, for a total value of $26,240.00. Following the completion of the transaction, the chief accounting officer now owns 20,409 shares in the company, valued at approximately $1,632,720. The trade was a 1.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,632 shares of company stock worth $9,428,405 in the last quarter. 11.90% of the stock is currently owned by company insiders.

Institutional Trading of MoneyLion

Several hedge funds have recently made changes to their positions in ML. Covestor Ltd grew its stake in shares of MoneyLion by 63.6% during the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after acquiring an additional 255 shares during the period. Point72 DIFC Ltd purchased a new stake in MoneyLion during the third quarter valued at about $40,000. FMR LLC boosted its position in MoneyLion by 154.6% during 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 period. Quest Partners LLC increased its stake in shares of MoneyLion by 3,016.7% in the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock worth $163,000 after purchasing an additional 3,801 shares in the last quarter. Finally, Fiducient Advisors LLC bought a new stake in shares of MoneyLion in the second quarter valued at approximately $204,000. 31.43% of the stock is currently owned by institutional investors.

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.