MoneyLion (NYSE:ML) Price Target Raised to $80.00

MoneyLion (NYSE:ML) had its price target raised by Northland Securities from $60.00 to $80.00 in a research report report published on Friday morning,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

Several other analysts have also recently commented on ML. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Thursday. Northland Capmk raised MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $70.00 price target on shares of MoneyLion in a research report on Friday, October 4th. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $90.71.

MoneyLion Stock Performance

Shares of NYSE:ML opened at $80.92 on Friday. The firm has a 50 day simple moving average of $44.29 and a 200 day simple moving average of $61.44. MoneyLion has a 52 week low of $25.16 and a 52 week high of $106.82. The company has a market cap of $887.69 million, a PE ratio of 367.82 and a beta of 2.67.

Insider Buying and Selling

In other MoneyLion news, CEO Diwakar Choubey sold 20,133 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $45.10, for a total transaction of $907,998.30. Following the completion of the transaction, the chief executive officer now owns 716,380 shares of the company’s stock, valued at $32,308,738. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Diwakar Choubey sold 20,133 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total transaction of $907,998.30. Following the completion of the transaction, the chief executive officer now directly owns 716,380 shares in the company, valued at $32,308,738. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam Vanwagner sold 6,165 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $70.00, for a total transaction of $431,550.00. Following the transaction, the insider now directly owns 103,133 shares in the company, valued at $7,219,310. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 55,848 shares of company stock valued at $2,764,307. Company insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On MoneyLion

Hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd lifted its stake in MoneyLion by 63.6% during the third quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after purchasing an additional 255 shares during the period. EntryPoint Capital LLC acquired a new position in MoneyLion during the first quarter worth $70,000. Quest Partners LLC lifted its holdings in shares of MoneyLion by 3,016.7% during the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after acquiring an additional 3,801 shares during the period. Fiducient Advisors LLC acquired a new stake in shares of MoneyLion in the 2nd quarter valued at $204,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of MoneyLion in the 2nd quarter worth about $227,000. 31.43% of the stock is owned by institutional investors.

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.