MoneyLion Inc. (NYSE:ML) Receives Average Recommendation of “Buy” from Analysts

Shares of MoneyLion Inc. (NYSE:ML) have earned an average rating of “Buy” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $90.71.

A number of analysts have weighed in on the stock. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Thursday, November 7th. Needham & Company LLC reissued a “buy” rating and set a $70.00 price objective on shares of MoneyLion in a report on Friday, October 4th. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Northland Securities increased their target price on MoneyLion from $60.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd.

Insider Activity

In related news, CEO Diwakar Choubey sold 20,133 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $80.11, for a total value of $1,612,854.63. Following the transaction, the chief executive officer now owns 690,825 shares in the company, valued at $55,341,990.75. The trade was a 2.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam Vanwagner sold 2,994 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $79.40, for a total transaction of $237,723.60. Following the sale, the insider now directly owns 90,635 shares in the company, valued at $7,196,419. This trade represents a 3.20 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,680 shares of company stock valued at $4,120,514. 11.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MoneyLion

Several large investors have recently added to or reduced their stakes in ML. Quantbot Technologies LP lifted its position in shares of MoneyLion by 69.9% during the 1st quarter. Quantbot Technologies LP now owns 5,167 shares of the company’s stock valued at $369,000 after acquiring an additional 2,125 shares during the period. Empowered Funds LLC raised its holdings in shares of MoneyLion by 8.2% during the first quarter. Empowered Funds LLC now owns 13,896 shares of the company’s stock valued at $991,000 after purchasing an additional 1,050 shares during the period. SG Americas Securities LLC bought a new position in shares of MoneyLion during the 1st quarter worth about $236,000. Sei Investments Co. acquired a new stake in shares of MoneyLion in the 1st quarter valued at about $1,070,000. Finally, Russell Investments Group Ltd. bought a new stake in MoneyLion in the 1st quarter valued at about $3,110,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

MoneyLion Stock Performance

Shares of ML opened at $78.45 on Thursday. MoneyLion has a 52-week low of $33.01 and a 52-week high of $106.82. The firm has a market cap of $870.74 million, a price-to-earnings ratio of 356.57 and a beta of 2.67. The business’s fifty day moving average is $50.66 and its 200-day moving average is $62.23.

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.