MoneyLion (NYSE:ML) Given New $105.00 Price Target at Craig Hallum

MoneyLion (NYSE:ML) had its price objective increased by analysts at Craig Hallum from $100.00 to $105.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Craig Hallum’s target price points to a potential upside of 45.87% from the company’s previous close.

A number of other equities analysts also recently weighed in on ML. TheStreet raised MoneyLion from a “d” rating to a “c-” rating in a research report on Thursday, March 7th. Needham & Company LLC increased their target price on shares of MoneyLion from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Lake Street Capital increased their target price on shares of MoneyLion from $75.00 to $109.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $78.60.

MoneyLion Trading Up 0.6 %

Shares of MoneyLion stock traded up $0.45 during trading on Wednesday, reaching $71.98. The stock had a trading volume of 76,417 shares, compared to its average volume of 168,373. The company has a market capitalization of $757.23 million, a price-to-earnings ratio of -15.06 and a beta of 2.68. The stock has a fifty day moving average price of $68.20 and a two-hundred day moving average price of $52.91. MoneyLion has a 52 week low of $9.73 and a 52 week high of $87.00.

MoneyLion (NYSE:ML) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.89. The company had revenue of $121.00 million for the quarter, compared to analyst estimates of $116.32 million. MoneyLion had a negative return on equity of 11.19% and a negative net margin of 10.69%. The company’s quarterly revenue was up 29.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.29) earnings per share. On average, equities analysts forecast that MoneyLion will post -0.06 EPS for the current fiscal year.

Insider Activity at MoneyLion

In other news, CAO Mark Torossian sold 2,000 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $67.59, for a total transaction of $135,180.00. Following the completion of the transaction, the chief accounting officer now owns 23,994 shares of the company’s stock, valued at $1,621,754.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Jeff Gary sold 945 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $61.10, for a total transaction of $57,739.50. Following the completion of the transaction, the director now owns 7,731 shares of the company’s stock, valued at $472,364.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Mark Torossian sold 2,000 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $67.59, for a total transaction of $135,180.00. Following the transaction, the chief accounting officer now directly owns 23,994 shares of the company’s stock, valued at approximately $1,621,754.46. The disclosure for this sale can be found here. Insiders sold a total of 149,111 shares of company stock valued at $9,789,064 in the last quarter. Insiders own 14.10% of the company’s stock.

Hedge Funds Weigh In On MoneyLion

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Manatuck Hill Partners LLC acquired a new stake in shares of MoneyLion during the 3rd quarter worth approximately $1,407,000. EAM Investors LLC bought a new stake in MoneyLion in the third quarter valued at $1,145,000. Russell Investments Group Ltd. acquired a new position in shares of MoneyLion during the first quarter valued at about $3,110,000. HighTower Advisors LLC boosted its position in shares of MoneyLion by 15.8% during the 3rd quarter. HighTower Advisors LLC now owns 37,346 shares of the company’s stock worth $808,000 after purchasing an additional 5,100 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in MoneyLion during the 4th quarter worth approximately $1,251,000. 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.