MoneyLion (NYSE:ML) Earns “Hold” Rating from Lake Street Capital

MoneyLion (NYSE:ML)‘s stock had its “hold” rating reissued by equities researchers at Lake Street Capital in a report released on Wednesday,Benzinga reports. They currently have a $82.00 target price on the stock, down from their prior target price of $109.00. Lake Street Capital’s price objective indicates a potential downside of 6.10% from the company’s previous close.

A number of other equities analysts have also weighed in on ML. Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Needham & Company LLC restated a “hold” rating and set a $100.00 price objective on shares of MoneyLion in a research report on Wednesday. Oppenheimer upgraded 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. Northland Capmk raised MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Northland Securities raised their target price on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, MoneyLion presently has an average rating of “Buy” and a consensus price target of $94.00.

MoneyLion Price Performance

NYSE ML traded down $0.69 during trading on Wednesday, hitting $87.33. 500,707 shares of the company’s stock traded hands, compared to its average volume of 209,097. The firm has a market cap of $969.45 million, a P/E ratio of 400.23 and a beta of 3.08. MoneyLion has a 12-month low of $36.65 and a 12-month high of $106.82. The stock has a fifty day moving average of $63.07 and a two-hundred day moving average of $62.68.

Insider Transactions at MoneyLion

In other news, CEO Diwakar Choubey sold 20,133 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $80.11, for a total transaction of $1,612,854.63. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Chris Sugden sold 25,000 shares of MoneyLion stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $86.22, for a total value of $2,155,500.00. Following the completion of the transaction, the director now owns 1,062,505 shares of the company’s stock, valued at approximately $91,609,181.10. This represents a 2.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 109,872 shares of company stock worth $8,998,024 over the last 90 days. 11.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ML. Marshall Wace LLP raised its position in shares of MoneyLion by 24.1% in the second quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock valued at $17,675,000 after buying an additional 46,611 shares during the last quarter. Driehaus Capital Management LLC grew its stake in MoneyLion by 77.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock valued at $16,288,000 after acquiring an additional 96,433 shares in the last quarter. Renaissance Technologies LLC raised its holdings in MoneyLion by 64.2% in the 2nd quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock valued at $15,747,000 after acquiring an additional 83,700 shares during the last quarter. Divisadero Street Capital Management LP purchased a new position in MoneyLion in the 2nd quarter worth approximately $13,427,000. Finally, State Street Corp boosted its holdings in shares of MoneyLion by 3.1% during the 3rd quarter. State Street Corp now owns 169,694 shares of the company’s stock worth $7,051,000 after purchasing an additional 5,108 shares during the last quarter. Institutional investors and hedge funds own 31.43% of the company’s stock.

MoneyLion Company Profile

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.