MoneyLion Inc. (NYSE:ML) Receives Average Recommendation of “Moderate Buy” from Brokerages

MoneyLion Inc. (NYSE:ML) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $92.83.

A number of equities research analysts have recently weighed in on ML shares. B. Riley lowered MoneyLion from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $133.00 to $90.00 in a research report on Wednesday, February 26th. Lake Street Capital reiterated a “hold” rating and issued a $82.00 price target (down previously from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Northland Securities boosted their price objective on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of MoneyLion in a research report on Friday, March 7th.

MoneyLion Price Performance

NYSE ML opened at $88.05 on Wednesday. MoneyLion has a 1 year low of $36.65 and a 1 year high of $106.82. The stock has a market capitalization of $996.73 million, a PE ratio of 400.23 and a beta of 3.04. The business’s 50-day moving average is $86.94 and its 200 day moving average is $72.99.

Insider Activity

In other news, insider Timmie Hong sold 6,254 shares of MoneyLion stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $86.39, for a total transaction of $540,283.06. Following the completion of the transaction, the insider now directly owns 91,011 shares in the company, valued at approximately $7,862,440.29. This trade represents a 6.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Diwakar Choubey sold 5,253 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $85.76, for a total value of $450,497.28. Following the completion of the sale, the chief executive officer now directly owns 344,928 shares in the company, valued at approximately $29,581,025.28. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,309 shares of company stock worth $4,716,335. Corporate insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On MoneyLion

Institutional investors and hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new position in MoneyLion in the 4th quarter worth about $29,000. Point72 DIFC Ltd purchased a new position in MoneyLion in the third quarter worth about $40,000. FMR LLC lifted 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 buying an additional 637 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in shares of MoneyLion during the fourth quarter valued at approximately $67,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of MoneyLion during the fourth quarter valued at approximately $86,000. 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.