MoneyLion’s (ML) “Hold” Rating Reiterated at Lake Street Capital

Lake Street Capital reaffirmed their hold rating on shares of MoneyLion (NYSE:ML) in a research report report published on Wednesday, MarketBeat reports. They currently have a $82.00 target price on the stock, down from their previous target price of $109.00.

A number of other brokerages have also recently weighed in on ML. Needham & Company LLC reissued a “hold” rating and issued a $100.00 price target on shares of MoneyLion in a research report on Wednesday. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Thursday, November 7th. Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Northland Securities increased their price objective on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, MoneyLion has a consensus rating of “Buy” and a consensus price target of $100.00.

MoneyLion Trading Up 1.4 %

ML stock opened at $87.46 on Wednesday. The stock has a market cap of $970.89 million, a P/E ratio of 397.55 and a beta of 3.08. MoneyLion has a twelve month low of $36.65 and a twelve month high of $106.82. The company’s 50 day moving average is $66.00 and its two-hundred day moving average is $62.97.

Insider Buying and Selling at MoneyLion

In related news, CAO Mark Torossian sold 328 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $80.00, for a total transaction of $26,240.00. Following the completion of the transaction, the chief accounting officer now directly owns 20,409 shares of the company’s stock, valued at $1,632,720. This represents a 1.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Timmie Hong sold 2,334 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $42.34, for a total transaction of $98,821.56. Following the completion of the sale, the insider now owns 105,857 shares of the company’s stock, valued at approximately $4,481,985.38. The trade was a 2.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 109,872 shares of company stock worth $8,998,024. 11.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MoneyLion

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd lifted its holdings in shares of MoneyLion by 63.6% in the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after buying an additional 255 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of MoneyLion during the 3rd quarter worth $40,000. FMR LLC grew its stake in shares of MoneyLion by 154.6% during the 3rd 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 holdings in shares of MoneyLion by 3,016.7% in the 3rd quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after purchasing an additional 3,801 shares in the last quarter. Finally, Fiducient Advisors LLC acquired a new stake in shares of MoneyLion in the second quarter valued at about $204,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

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.