Q3 Earnings Forecast for MoneyLion Issued By Northland Capmk

MoneyLion Inc. (NYSE:ML) – Equities research analysts at Northland Capmk issued their Q3 2024 earnings per share (EPS) estimates for MoneyLion in a report released on Wednesday, October 16th. Northland Capmk analyst M. Grondahl forecasts that the company will post earnings of $0.06 per share for the quarter. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for MoneyLion’s current full-year earnings is $1.33 per share. Northland Capmk also issued estimates for MoneyLion’s Q4 2024 earnings at $0.14 EPS, FY2024 earnings at $1.04 EPS, Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.63 EPS, Q4 2025 earnings at $0.49 EPS and FY2025 earnings at $1.70 EPS.

Other analysts have also recently issued reports about the company. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Oppenheimer began coverage on shares of MoneyLion in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price target on shares of MoneyLion in a research report on Friday, October 4th. Northland Securities initiated coverage on shares of MoneyLion in a report on Wednesday. They issued an “outperform” rating and a $60.00 price objective for the company. Finally, B. Riley reaffirmed a “buy” rating and set a $133.00 target price on shares of MoneyLion in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $89.17.

MoneyLion Stock Up 0.4 %

Shares of NYSE:ML opened at $48.31 on Friday. MoneyLion has a 12-month low of $17.40 and a 12-month high of $106.82. The business has a 50 day moving average of $42.88 and a 200-day moving average of $64.28. The stock has a market cap of $508.12 million, a PE ratio of -16.66 and a beta of 2.69.

MoneyLion (NYSE:ML) last announced its earnings results on Tuesday, August 6th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.27. The business had revenue of $130.90 million during the quarter, compared to the consensus estimate of $127.03 million. MoneyLion had a net margin of 0.40% and a return on equity of 0.72%. MoneyLion’s revenue was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.42) EPS.

Insiders Place Their Bets

In other news, CAO Mark Torossian sold 811 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $45.10, for a total value of $36,576.10. Following the completion of the transaction, the chief accounting officer now directly owns 21,395 shares in the company, valued at approximately $964,914.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Mark Torossian sold 811 shares of MoneyLion stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total value of $36,576.10. Following the transaction, the chief accounting officer now owns 21,395 shares in the company, valued at approximately $964,914.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Timmie Hong sold 2,504 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $48.35, for a total value of $121,068.40. Following the transaction, the insider now directly owns 103,353 shares of the company’s stock, valued at $4,997,117.55. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,059 shares of company stock worth $1,988,757 over the last ninety days. Corporate insiders own 14.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ML. B. Riley Wealth Advisors Inc. bought a new stake in shares of MoneyLion during the 4th quarter valued at approximately $248,000. GSA Capital Partners LLP increased its holdings in shares of MoneyLion by 13.5% during the first quarter. GSA Capital Partners LLP now owns 18,223 shares of the company’s stock worth $1,300,000 after buying an additional 2,165 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of MoneyLion by 69.9% during the first quarter. Quantbot Technologies LP now owns 5,167 shares of the company’s stock worth $369,000 after buying an additional 2,125 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of MoneyLion by 8.2% in the 1st quarter. Empowered Funds LLC now owns 13,896 shares of the company’s stock valued at $991,000 after acquiring an additional 1,050 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of MoneyLion during the 1st quarter valued at $236,000. Institutional investors 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.