Northland Securities Forecasts Strong Price Appreciation for MoneyLion (NYSE:ML) Stock

MoneyLion (NYSE:ML) had its price target raised by equities research analysts at Northland Securities from $80.00 to $100.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Northland Securities’ price target points to a potential upside of 15.42% from the company’s previous close.

A number of other research analysts have also weighed in on ML. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of MoneyLion in a research note on Tuesday. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Thursday, November 7th. Northland Capmk upgraded shares of MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $97.86.

MoneyLion Trading Down 0.0 %

NYSE:ML opened at $86.64 on Wednesday. The stock has a market capitalization of $961.70 million, a PE ratio of 393.82 and a beta of 2.67. The firm’s 50 day moving average is $53.20 and its 200 day moving average is $62.32. MoneyLion has a 12 month low of $36.26 and a 12 month high of $106.82.

Insider Transactions at MoneyLion

In other MoneyLion news, insider Timmie Hong sold 2,504 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $48.35, for a total value of $121,068.40. Following the completion of the sale, the insider now directly owns 103,353 shares of the company’s stock, valued at $4,997,117.55. The trade was a 2.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Diwakar Choubey sold 20,133 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $80.11, for a total transaction of $1,612,854.63. Following the completion of the sale, the chief executive officer now directly owns 690,825 shares of the company’s stock, valued at $55,341,990.75. This represents a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,680 shares of company stock valued at $4,120,514. Insiders own 11.90% of the company’s stock.

Institutional Trading of MoneyLion

Several hedge funds have recently added to or reduced their stakes in ML. Covestor Ltd raised its stake in shares of MoneyLion by 63.6% during the third quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after acquiring an additional 255 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of MoneyLion during the third quarter valued at about $40,000. FMR LLC raised its stake in shares of MoneyLion by 154.6% during the third quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after acquiring an additional 637 shares during the last quarter. Fiducient Advisors LLC bought a new position in shares of MoneyLion during the second quarter valued at about $204,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of MoneyLion during the second quarter valued at 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.