MoneyLion (NYSE:ML) Receives New Coverage from Analysts at Oppenheimer

Oppenheimer assumed coverage on shares of MoneyLion (NYSE:ML) in a research report sent to investors on Tuesday, MarketBeat reports. The brokerage issued a market perform rating on the stock.

A number of other research analysts also recently weighed in on ML. B. Riley reiterated a buy rating and set a $133.00 price target on shares of MoneyLion in a report on Tuesday, June 25th. Needham & Company LLC lowered their price target on MoneyLion from $100.00 to $70.00 and set a buy rating on the stock in a report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Buy and a consensus target price of $95.00.

MoneyLion Stock Down 1.8 %

Shares of MoneyLion stock opened at $37.03 on Tuesday. MoneyLion has a 12-month low of $17.40 and a 12-month high of $106.82. The firm has a market capitalization of $389.48 million, a PE ratio of -12.77 and a beta of 2.69. The stock’s fifty day moving average is $46.29 and its 200-day moving average is $66.10.

MoneyLion (NYSE:ML) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $127.03 million. During the same quarter in the previous year, the company posted ($0.42) earnings per share. MoneyLion’s revenue for the quarter was up 22.9% compared to the same quarter last year. Analysts expect that MoneyLion will post 1.4 EPS for the current year.

Insider Buying and Selling at MoneyLion

In other 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 transaction of $98,821.56. Following the completion of the sale, the insider now owns 105,857 shares in the company, valued at approximately $4,481,985.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Diwakar Choubey sold 17,647 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $86.56, for a total transaction of $1,527,524.32. Following the completion of the sale, the chief executive officer now owns 736,513 shares in the company, valued at approximately $63,752,565.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the insider now owns 105,857 shares of the company’s stock, valued at approximately $4,481,985.38. The disclosure for this sale can be found here. Insiders have sold 66,737 shares of company stock worth $4,028,078 over the last 90 days. 14.10% of the stock is currently owned by corporate insiders.

Institutional Trading of MoneyLion

Several large investors have recently made changes to their positions in ML. Divisadero Street Capital Management LP bought a new stake in shares of MoneyLion during the 2nd quarter worth about $13,427,000. Bank of Montreal Can lifted its position in shares of MoneyLion by 2,060.1% during the 2nd quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock worth $7,864,000 after purchasing an additional 98,680 shares during the last quarter. Driehaus Capital Management LLC lifted its position in shares of 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 position in shares of 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 purchasing an additional 83,700 shares during the last quarter. Finally, Hood River Capital Management LLC acquired a new position in shares of MoneyLion during the 1st quarter worth 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.