MoneyLion (NYSE:ML) Given New $80.00 Price Target at Northland Securities

MoneyLion (NYSE:ML) had its price target upped by Northland Securities from $60.00 to $80.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts have also recently issued reports on ML. Northland Capmk raised shares of MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Cantor Fitzgerald raised shares of MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Thursday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price objective on shares of MoneyLion in a research report on Friday, October 4th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $90.71.

MoneyLion Stock Performance

Shares of NYSE ML traded up $11.68 during mid-day trading on Friday, hitting $80.92. The stock had a trading volume of 505,263 shares, compared to its average volume of 165,876. The firm has a market cap of $887.69 million, a P/E ratio of 1,156.71 and a beta of 2.67. MoneyLion has a 1 year low of $25.16 and a 1 year high of $106.82. The business has a 50 day moving average price of $44.29 and a two-hundred day moving average price of $61.56.

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 analysts’ consensus estimates of ($0.01) by $0.27. The company had revenue of $130.90 million during the quarter, compared to analysts’ expectations of $127.03 million. MoneyLion had a net margin of 0.40% and a return on equity of 0.72%. MoneyLion’s revenue was up 22.9% on a year-over-year basis. During the same period last year, the company posted ($0.42) EPS. Equities research analysts predict that MoneyLion will post 1.23 EPS for the current fiscal year.

Insider Transactions at MoneyLion

In other news, CEO Diwakar Choubey sold 20,133 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $45.10, for a total value of $907,998.30. Following the sale, the chief executive officer now owns 716,380 shares in the company, valued at $32,308,738. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Diwakar Choubey sold 20,133 shares of MoneyLion stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $45.10, for a total value of $907,998.30. Following the sale, the chief executive officer now owns 716,380 shares of the company’s stock, valued at approximately $32,308,738. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard Correia sold 13,138 shares of MoneyLion stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total value of $592,523.80. Following the completion of the sale, the chief financial officer now directly owns 219,187 shares in the company, valued at $9,885,333.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,848 shares of company stock worth $2,764,307 over the last 90 days. 11.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Covestor Ltd increased its holdings in shares of MoneyLion by 63.6% in the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after acquiring an additional 255 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of MoneyLion in the first quarter valued at $70,000. Quest Partners LLC increased its holdings in shares of MoneyLion by 3,016.7% during the 3rd quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock worth $163,000 after buying an additional 3,801 shares during the last quarter. Fiducient Advisors LLC purchased a new stake in MoneyLion during the second quarter worth approximately $204,000. Finally, Commonwealth Equity Services LLC purchased a new stake in MoneyLion during the 2nd quarter worth $227,000. Hedge funds and other institutional investors 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.