MoneyLion (ML) to Release Earnings on Thursday

MoneyLion (NYSE:ML) is expected to post its quarterly earnings results before the market opens on Thursday, March 6th. Analysts expect MoneyLion to post earnings of $0.51 per share and revenue of $150.34 million for the quarter.

MoneyLion Stock Performance

Shares of ML stock opened at $87.02 on Tuesday. MoneyLion has a 52-week low of $36.65 and a 52-week high of $106.82. The stock has a market cap of $966.01 million, a PE ratio of 395.55 and a beta of 3.06. The firm’s 50 day moving average price is $86.62 and its two-hundred day moving average price is $68.14.

Analyst Upgrades and Downgrades

ML has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “hold” rating and set a $100.00 price objective on shares of MoneyLion in a research note on Wednesday, December 11th. B. Riley cut MoneyLion from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $133.00 to $90.00 in a report on Wednesday, February 26th. Lake Street Capital reaffirmed a “hold” rating and issued a $82.00 price target (down from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Northland Securities increased 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, Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $92.83.

Insider Transactions at MoneyLion

In other news, CEO Diwakar Choubey sold 5,253 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $85.76, for a total value of $450,497.28. Following the sale, the chief executive officer now directly owns 344,928 shares in the company, valued at $29,581,025.28. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Timmie Hong sold 6,094 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $86.84, for a total value of $529,202.96. Following the transaction, the insider now directly owns 86,015 shares of the company’s stock, valued at $7,469,542.60. This represents a 6.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 85,403 shares of company stock valued at $7,401,038 over the last 90 days. 11.90% of the stock is owned by company insiders.

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.