MoneyLion (NYSE:ML) Receives New Coverage from Analysts at Oppenheimer

Oppenheimer initiated coverage on shares of MoneyLion (NYSE:ML) in a research note published on Tuesday morning, Marketbeat reports. The brokerage issued a market perform rating on the stock.

A number of other analysts also recently issued reports on ML. Needham & Company LLC lowered their price target on shares of MoneyLion from $100.00 to $70.00 and set a buy rating on the stock in a report on Wednesday, August 7th. B. Riley reissued a buy rating and set a $133.00 target price on shares of MoneyLion in a research note on Tuesday, June 25th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, MoneyLion presently has an average rating of Buy and a consensus target price of $95.00.

MoneyLion Price Performance

NYSE ML opened at $39.64 on Tuesday. MoneyLion has a 1 year low of $17.40 and a 1 year high of $106.82. The company has a market capitalization of $416.93 million, a PE ratio of -13.67 and a beta of 2.69. The company has a fifty day moving average of $46.29 and a 200 day moving average of $66.10.

MoneyLion (NYSE:ML) last issued its earnings results on Tuesday, August 6th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.27. The firm had revenue of $130.90 million for the quarter, compared to the consensus estimate of $127.03 million. MoneyLion had a return on equity of 0.72% and a net margin of 0.40%. The company’s revenue was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.42) earnings per share. Research analysts expect that MoneyLion will post 1.4 earnings per share for the current year.

Insider Buying and Selling at MoneyLion

In other news, insider Timmie Hong sold 7,535 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $83.99, for a total transaction of $632,864.65. Following the completion of the sale, the insider now owns 115,697 shares of the company’s stock, valued at $9,717,391.03. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Timmie Hong sold 7,535 shares of MoneyLion stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $83.99, for a total value of $632,864.65. Following the sale, the insider now directly owns 115,697 shares of the company’s stock, valued at $9,717,391.03. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Diwakar Choubey sold 17,647 shares of the stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $86.56, for a total value of $1,527,524.32. Following the completion of the transaction, the chief executive officer now directly owns 736,513 shares of the company’s stock, valued at approximately $63,752,565.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,737 shares of company stock valued at $4,028,078 over the last ninety days. Corporate insiders own 14.10% of the company’s stock.

Hedge Funds Weigh In On MoneyLion

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC grew its stake in MoneyLion by 500.7% during the 2nd quarter. SG Americas Securities LLC now owns 19,906 shares of the company’s stock valued at $1,464,000 after acquiring an additional 16,592 shares in the last quarter. Sei Investments Co. purchased a new stake in shares of MoneyLion in the first quarter valued at approximately $1,070,000. Acadian Asset Management LLC grew its position in shares of MoneyLion by 114.3% in the first quarter. Acadian Asset Management LLC now owns 45,365 shares of the company’s stock valued at $3,234,000 after purchasing an additional 24,193 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of MoneyLion by 1.4% in the first quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock valued at $16,588,000 after purchasing an additional 3,107 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in MoneyLion by 24.1% during the second quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after buying an additional 46,611 shares in the last quarter. 31.43% of the stock is owned by hedge funds and other 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.