MoneyLion Inc. (NYSE:ML) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of MoneyLion Inc. (NYSE:ML) have earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $95.00.

ML has been the topic of several analyst reports. B. Riley reissued a “buy” rating and set a $133.00 target price on shares of MoneyLion in a report on Tuesday, June 25th. Needham & Company LLC reduced their price objective on shares of MoneyLion from $100.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, Oppenheimer initiated coverage on shares of MoneyLion in a research report on Tuesday. They issued a “market perform” rating for the company.

MoneyLion Stock Down 10.0 %

NYSE ML opened at $37.41 on Wednesday. The firm has a 50-day moving average price of $47.61 and a two-hundred day moving average price of $66.50. MoneyLion has a 12-month low of $17.40 and a 12-month high of $106.82. The company has a market capitalization of $393.48 million, a P/E ratio of -12.90 and a beta of 2.70.

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

Insider Transactions at MoneyLion

In related news, CEO Diwakar Choubey sold 17,647 shares of MoneyLion stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $86.56, for a total transaction of $1,527,524.32. Following the sale, the chief executive officer now directly owns 736,513 shares of the company’s stock, valued at approximately $63,752,565.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other MoneyLion news, insider Timmie Hong sold 2,334 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $42.34, for a total value of $98,821.56. Following the completion of the transaction, the insider now owns 105,857 shares of the company’s stock, valued at approximately $4,481,985.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Diwakar Choubey sold 17,647 shares of MoneyLion stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $86.56, for a total value of $1,527,524.32. Following the sale, the chief executive officer now directly owns 736,513 shares in the company, valued at $63,752,565.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,737 shares of company stock valued at $4,028,078. 14.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ML. Divisadero Street Capital Management LP bought a new position in shares of MoneyLion during the second quarter valued at $13,427,000. Bank of Montreal Can increased its holdings in MoneyLion by 2,060.1% in the second quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock valued at $7,864,000 after purchasing an additional 98,680 shares during the period. Driehaus Capital Management LLC raised its position in 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 purchasing an additional 96,433 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in MoneyLion by 64.2% during the 2nd quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock worth $15,747,000 after buying an additional 83,700 shares during the period. Finally, Hood River Capital Management LLC bought a new stake in shares of MoneyLion in the 1st quarter valued at about $3,742,000. Institutional investors 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.