MoneyLion (NYSE:ML) Earns “Buy” Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of MoneyLion (NYSE:ML) in a research report report published on Friday, Benzinga reports. The firm currently has a $70.00 target price on the stock.

Several other analysts have also recently commented on ML. Cantor Fitzgerald raised shares of MoneyLion to a strong-buy rating in a research note on Thursday, October 3rd. Oppenheimer initiated coverage on MoneyLion in a research report on Tuesday, October 1st. They issued a market perform rating for the company. Finally, B. Riley reiterated a buy rating and set a $133.00 target price on shares of MoneyLion in a research report on Tuesday, June 25th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Buy and a consensus price target of $95.00.

MoneyLion Stock Up 1.2 %

NYSE ML opened at $40.10 on Friday. MoneyLion has a fifty-two week low of $17.40 and a fifty-two week high of $106.82. The business has a fifty day moving average of $45.68 and a 200-day moving average of $65.97. The stock has a market cap of $421.77 million, a price-to-earnings ratio of -13.83 and a beta of 2.69.

MoneyLion (NYSE:ML) last announced its earnings results on Tuesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.27. MoneyLion had a net margin of 0.40% and a return on equity of 0.72%. The firm had revenue of $130.90 million during the quarter, compared to the consensus estimate of $127.03 million. During the same quarter in the previous year, the company posted ($0.42) EPS. The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. As a group, analysts anticipate that MoneyLion will post 1.4 EPS for the current year.

Insider Activity at MoneyLion

In other news, insider Timmie Hong sold 2,334 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $42.34, for a total transaction of $98,821.56. Following the completion of the sale, the insider now owns 105,857 shares in the company, valued at approximately $4,481,985.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Timmie Hong sold 2,334 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $42.34, for a total value of $98,821.56. Following the transaction, the insider now owns 105,857 shares of the company’s stock, valued at approximately $4,481,985.38. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John C. Chrystal purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $47.07 per share, with a total value of $235,350.00. Following the completion of the transaction, the director now owns 44,967 shares in the company, valued at $2,116,596.69. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 66,737 shares of company stock worth $4,028,078. 14.10% of the stock is owned by insiders.

Institutional Investors Weigh In On MoneyLion

A number of large investors have recently modified their holdings of the stock. EntryPoint Capital LLC acquired a new stake in MoneyLion in the first quarter valued at approximately $70,000. Fiducient Advisors LLC acquired a new stake in MoneyLion during the 2nd quarter valued at $204,000. Commonwealth Equity Services LLC purchased a new stake in MoneyLion during the 2nd quarter worth $227,000. SG Americas Securities LLC purchased a new stake in MoneyLion during the 1st quarter worth $236,000. Finally, Private Ocean LLC acquired a new position in MoneyLion in the 2nd quarter worth $238,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

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.