MoneyLion Inc. (NYSE:ML) Receives $100.00 Average Price Target from Analysts

Shares of MoneyLion Inc. (NYSE:ML) have been assigned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $100.00.

A number of research analysts recently weighed in on ML shares. Northland Capmk raised MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Northland Securities upped their price objective on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Thursday, November 7th. Needham & Company LLC reiterated a “hold” rating and issued a $100.00 price target on shares of MoneyLion in a research note on Wednesday, December 11th. Finally, Lake Street Capital restated a “hold” rating and set a $82.00 price objective (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th.

MoneyLion Stock Performance

Shares of NYSE:ML opened at $86.48 on Friday. MoneyLion has a 52-week low of $36.65 and a 52-week high of $106.82. The company has a market capitalization of $960.01 million, a P/E ratio of 393.09 and a beta of 3.07. The company has a 50-day simple moving average of $82.01 and a 200 day simple moving average of $62.82.

Insider Transactions at MoneyLion

In related news, insider Timmie Hong sold 2,504 shares of the firm’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 owns 103,353 shares in the company, valued at approximately $4,997,117.55. This trade represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam Vanwagner sold 6,165 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $70.00, for a total transaction of $431,550.00. Following the sale, the insider now directly owns 103,133 shares of the company’s stock, valued at $7,219,310. This represents a 5.64 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,632 shares of company stock valued at $9,428,405. 11.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP boosted its holdings in shares of MoneyLion by 24.1% in the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock valued at $17,675,000 after purchasing an additional 46,611 shares in the last quarter. Driehaus Capital Management LLC lifted its position in shares of MoneyLion by 77.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock worth $16,288,000 after buying an additional 96,433 shares during the last quarter. Renaissance Technologies LLC boosted its stake in MoneyLion by 64.2% in the second quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock valued at $15,747,000 after buying an additional 83,700 shares in the last quarter. Divisadero Street Capital Management LP bought a new position in MoneyLion in the second quarter valued at about $13,427,000. Finally, State Street Corp raised its stake in MoneyLion by 3.1% during the third quarter. State Street Corp now owns 169,694 shares of the company’s stock worth $7,051,000 after acquiring an additional 5,108 shares in the last quarter. 31.43% of the stock is owned by institutional investors.

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.