Brokerages Set MoneyLion Inc. (NYSE:ML) Price Target at $66.60

Shares of MoneyLion Inc. (NYSE:ML) have received a consensus recommendation of “Buy” from the five ratings firms that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $66.60.

ML has been the subject of several recent research reports. Lake Street Capital raised their target price on shares of MoneyLion from $75.00 to $109.00 and gave the company a “buy” rating in a report on Monday, April 15th. Needham & Company LLC initiated coverage on shares of MoneyLion in a report on Wednesday, April 3rd. They set a “buy” rating and a $90.00 target price for the company. Finally, TheStreet upgraded shares of MoneyLion from a “d” rating to a “c-” rating in a report on Thursday, March 7th.

Insider Transactions at MoneyLion

In related news, CEO Diwakar Choubey sold 9,338 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.87, for a total value of $680,460.06. Following the sale, the chief executive officer now directly owns 796,024 shares of the company’s stock, valued at $58,006,268.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other MoneyLion news, Director Jeff Gary sold 945 shares of MoneyLion stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $61.10, for a total transaction of $57,739.50. Following the transaction, the director now directly owns 7,731 shares of the company’s stock, valued at $472,364.10. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Diwakar Choubey sold 9,338 shares of MoneyLion stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.87, for a total transaction of $680,460.06. Following the transaction, the chief executive officer now directly owns 796,024 shares in the company, valued at $58,006,268.88. The disclosure for this sale can be found here. Insiders sold a total of 149,111 shares of company stock worth $9,789,064 over the last ninety days. 14.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. EAM Investors LLC acquired a new position in shares of MoneyLion during the third quarter worth $1,145,000. Orion Capital Management LLC acquired a new position in shares of MoneyLion during the third quarter worth $50,000. HighTower Advisors LLC lifted its position in shares of MoneyLion by 15.8% during the third quarter. HighTower Advisors LLC now owns 37,346 shares of the company’s stock worth $808,000 after purchasing an additional 5,100 shares in the last quarter. Intellectus Partners LLC acquired a new position in shares of MoneyLion during the fourth quarter worth $334,000. Finally, Manatuck Hill Partners LLC acquired a new position in shares of MoneyLion during the third quarter worth $1,407,000. 31.43% of the stock is owned by institutional investors and hedge funds.

MoneyLion Stock Down 0.5 %

Shares of NYSE ML opened at $66.31 on Friday. MoneyLion has a 52 week low of $9.20 and a 52 week high of $87.00. The firm has a 50-day moving average price of $66.13 and a 200 day moving average price of $51.17. The stock has a market capitalization of $697.58 million, a price-to-earnings ratio of -13.84 and a beta of 2.71.

MoneyLion (NYSE:ML) last posted its earnings results on Thursday, March 7th. The company reported ($0.39) earnings per share for the quarter, beating the consensus estimate of ($0.59) by $0.20. MoneyLion had a negative net margin of 10.69% and a negative return on equity of 11.19%. The firm had revenue of $112.96 million during the quarter, compared to the consensus estimate of $113.50 million. During the same period last year, the firm posted ($3.00) EPS. Equities research analysts expect that MoneyLion will post -0.06 EPS for the current fiscal year.

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.