MoneyLion Inc. (NYSE:ML) Receives Average Rating of “Moderate Buy” from Analysts

MoneyLion Inc. (NYSE:ML) has been given a consensus rating of “Moderate Buy” by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $92.83.

ML has been the topic of a number of analyst reports. Northland Securities raised their price objective on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Needham & Company LLC restated a “hold” rating and issued a $100.00 price objective on shares of MoneyLion in a report on Wednesday, December 11th. Lake Street Capital reaffirmed a “hold” rating and issued a $82.00 target price (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. B. Riley downgraded shares of MoneyLion from a “buy” rating to a “neutral” rating and dropped their target price for the company from $133.00 to $90.00 in a research report on Wednesday. Finally, Oppenheimer raised shares of 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.

MoneyLion Trading Up 0.5 %

Shares of ML opened at $87.18 on Friday. MoneyLion has a twelve month low of $36.65 and a twelve month high of $106.82. The firm’s fifty day simple moving average is $86.61 and its 200-day simple moving average is $67.56. The firm has a market capitalization of $967.79 million, a price-to-earnings ratio of 396.27 and a beta of 3.06.

Insiders Place Their Bets

In other MoneyLion news, CAO Mark Torossian sold 1,136 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total transaction of $99,127.36. Following the transaction, the chief accounting officer now directly owns 17,476 shares of the company’s stock, valued at approximately $1,524,955.76. This trade represents a 6.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Chris Sugden sold 25,000 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $86.22, for a total transaction of $2,155,500.00. Following the transaction, the director now directly owns 1,062,505 shares in the company, valued at $91,609,181.10. The trade was a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 85,403 shares of company stock valued at $7,401,038. Insiders own 11.90% of the company’s stock.

Institutional Trading of MoneyLion

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Covestor Ltd boosted its holdings in shares of MoneyLion by 63.6% in the third quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after acquiring an additional 255 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of MoneyLion in the fourth quarter valued at about $29,000. MetLife Investment Management LLC boosted its holdings in shares of MoneyLion by 12.6% in the fourth quarter. MetLife Investment Management LLC now owns 5,634 shares of the company’s stock valued at $485,000 after acquiring an additional 629 shares in the last quarter. FMR LLC boosted its holdings in shares of MoneyLion by 154.6% in 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 in the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in shares of MoneyLion in the fourth quarter valued at about $67,000. Hedge funds and other 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.