MoneyLion Inc. (NYSE:ML) Receives $92.83 Consensus Price Target from Analysts

Shares of MoneyLion Inc. (NYSE:ML) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $92.83.

A number of equities analysts have weighed in on ML shares. B. Riley downgraded shares of MoneyLion from a “buy” rating to a “neutral” rating and decreased their target price for the company from $133.00 to $90.00 in a research note on Wednesday, February 26th. Lake Street Capital reaffirmed a “hold” rating and set a $82.00 target price (down previously from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Northland Securities raised their price target 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 reissued a “hold” rating on shares of MoneyLion in a research report on Friday, March 7th.

MoneyLion Stock Performance

Shares of NYSE ML opened at $87.86 on Wednesday. MoneyLion has a fifty-two week low of $36.65 and a fifty-two week high of $106.82. The company has a 50 day simple moving average of $86.86 and a two-hundred day simple moving average of $71.93. The company has a market capitalization of $994.52 million, a price-to-earnings ratio of 399.34 and a beta of 3.04.

Insiders Place Their Bets

In related news, CFO Richard Correia sold 11,490 shares of MoneyLion stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total transaction of $1,002,617.40. Following the transaction, the chief financial officer now owns 166,529 shares in the company, valued at approximately $14,531,320.54. The trade was a 6.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timmie Hong sold 1,365 shares of MoneyLion stock in a transaction on Monday, February 24th. The shares were sold at an average price of $85.76, for a total transaction of $117,062.40. Following the transaction, the insider now owns 95,395 shares in the company, valued at approximately $8,181,075.20. This trade represents a 1.41 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,309 shares of company stock valued at $4,716,335. Company insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in MoneyLion in the 4th quarter valued at $29,000. California State Teachers Retirement System increased its holdings in MoneyLion by 8.8% in the 4th quarter. California State Teachers Retirement System now owns 6,306 shares of the company’s stock valued at $542,000 after acquiring an additional 511 shares during the last quarter. MetLife Investment Management LLC increased its holdings in MoneyLion by 12.6% in the 4th quarter. MetLife Investment Management LLC now owns 5,634 shares of the company’s stock valued at $485,000 after acquiring an additional 629 shares during the last quarter. FMR LLC increased its holdings in MoneyLion by 154.6% in the 3rd quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after acquiring an additional 637 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new stake in MoneyLion in the 4th quarter valued at $67,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

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.