MoneyLion Inc. (NYSE:ML) Given Average Recommendation of “Moderate Buy” by Analysts

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

ML has been the subject of several recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of MoneyLion in a research note on Friday, March 7th. B. Riley lowered shares of MoneyLion from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $133.00 to $90.00 in a research note on Wednesday, February 26th.

Insider Activity at MoneyLion

In related news, insider Timmie Hong sold 6,254 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $86.39, for a total transaction of $540,283.06. Following the completion of the transaction, the insider now owns 91,011 shares of the company’s stock, valued at $7,862,440.29. This trade represents a 6.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard Correia sold 3,502 shares of MoneyLion stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $85.76, for a total value of $300,331.52. Following the completion of the transaction, the chief financial officer now directly owns 182,570 shares of the company’s stock, valued at approximately $15,657,203.20. This represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,309 shares of company stock valued at $4,716,335 in the last three months. Company insiders own 11.90% of the company’s stock.

Institutional Trading of MoneyLion

Several institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new position in shares of MoneyLion in the fourth quarter worth $29,000. New York State Teachers Retirement System purchased a new position in MoneyLion in the 4th quarter worth about $67,000. GAMMA Investing LLC lifted its stake in MoneyLion by 8,550.0% during the 1st quarter. GAMMA Investing LLC now owns 865 shares of the company’s stock valued at $75,000 after acquiring an additional 855 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of MoneyLion during the 4th quarter valued at about $86,000. Finally, FMR LLC grew its stake in shares of MoneyLion by 154.6% in the third quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after acquiring an additional 637 shares during the period. 31.43% of the stock is currently owned by hedge funds and other institutional investors.

MoneyLion Trading Up 0.7 %

Shares of NYSE ML opened at $85.57 on Friday. The stock has a fifty day simple moving average of $86.76 and a two-hundred day simple moving average of $77.17. MoneyLion has a 1-year low of $36.65 and a 1-year high of $106.82. The firm has a market cap of $968.60 million, a price-to-earnings ratio of 388.93 and a beta of 2.94.

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.