MoneyLion (ML) Set to Announce Earnings on Tuesday

MoneyLion (NYSE:ML) will be announcing its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.29) per share for the quarter. MoneyLion has set its Q1 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

MoneyLion (NYSE:ML) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.39) earnings per share (EPS) 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 company had revenue of $112.96 million during the quarter, compared to the consensus estimate of $113.50 million. During the same quarter in the previous year, the company posted ($3.00) earnings per share. On average, analysts expect MoneyLion to post $0 EPS for the current fiscal year and $4 EPS for the next fiscal year.

MoneyLion Stock Up 3.0 %

ML stock opened at $71.06 on Monday. The stock has a market cap of $747.41 million, a PE ratio of -14.84 and a beta of 2.68. The firm’s 50-day simple moving average is $67.42 and its 200 day simple moving average is $52.17. MoneyLion has a fifty-two week low of $9.73 and a fifty-two week high of $87.00.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ML. TheStreet upgraded MoneyLion from a “d” rating to a “c-” rating in a research report on Thursday, March 7th. Needham & Company LLC initiated coverage on MoneyLion in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $90.00 price target for the company. Finally, Lake Street Capital lifted their price objective on shares of MoneyLion from $75.00 to $109.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, MoneyLion presently has an average rating of “Buy” and a consensus price target of $66.60.

Insider Buying and Selling at MoneyLion

In other MoneyLion news, CEO Diwakar Choubey sold 9,338 shares of the 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 completion of the sale, the chief executive officer now owns 796,024 shares in the company, valued at approximately $58,006,268.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other MoneyLion news, CEO Diwakar Choubey sold 9,338 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.87, for a total value of $680,460.06. Following the transaction, the chief executive officer now directly owns 796,024 shares of the company’s stock, valued at approximately $58,006,268.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Mark Torossian sold 2,000 shares of MoneyLion stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $67.59, for a total value of $135,180.00. Following the sale, the chief accounting officer now owns 23,994 shares of the company’s stock, valued at $1,621,754.46. The disclosure for this sale can be found here. Insiders have sold a total of 149,111 shares of company stock valued at $9,789,064 in the last 90 days. 14.10% of the stock is currently owned by corporate insiders.

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.