MoneyLion (NYSE:ML) Shares Up 8.2% – What’s Next?

MoneyLion Inc. (NYSE:ML) shares traded up 8.2% during mid-day trading on Tuesday . The company traded as high as $47.96 and last traded at $47.87. 59,879 shares traded hands during trading, a decline of 69% from the average session volume of 194,331 shares. The stock had previously closed at $44.24.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Northland Securities assumed coverage on MoneyLion in a research report on Wednesday, October 16th. They set an “outperform” rating and a $60.00 price target on the stock. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Needham & Company LLC reissued a “buy” rating and set a $70.00 price target on shares of MoneyLion in a research report on Friday, October 4th. Oppenheimer began coverage on MoneyLion in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Finally, Northland Capmk raised MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $89.17.

MoneyLion Price Performance

The company has a market capitalization of $513.18 million, a price-to-earnings ratio of 670.71 and a beta of 2.67. The stock has a fifty day simple moving average of $42.96 and a 200-day simple moving average of $61.62.

MoneyLion (NYSE:ML) last announced 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. MoneyLion had a return on equity of 0.72% and a net margin of 0.40%. The company had revenue of $130.90 million during the quarter, compared to the consensus estimate of $127.03 million. During the same period in the previous year, the company posted ($0.42) earnings per share. MoneyLion’s revenue for the quarter was up 22.9% on a year-over-year basis. As a group, equities analysts expect that MoneyLion Inc. will post 1.23 EPS for the current fiscal year.

Insider Transactions at MoneyLion

In other news, insider Timmie Hong sold 2,334 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 105,857 shares of the company’s stock, valued at $4,481,985.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CAO Mark Torossian sold 811 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total transaction of $36,576.10. Following the completion of the sale, the chief accounting officer now directly owns 21,395 shares in the company, valued at approximately $964,914.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Timmie Hong sold 2,334 shares of the business’s stock in a transaction that occurred on 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 $4,481,985.38. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,059 shares of company stock valued at $1,988,757 in the last three months. 11.90% of the stock is currently owned by company insiders.

Institutional Trading of MoneyLion

Several large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP grew its holdings in MoneyLion by 10.4% in the 3rd quarter. GSA Capital Partners LLP now owns 14,427 shares of the company’s stock valued at $599,000 after buying an additional 1,360 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in MoneyLion in the 3rd quarter valued at $894,000. Covestor Ltd grew its holdings in MoneyLion by 63.6% in the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after buying an additional 255 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in MoneyLion in the 2nd quarter valued at $289,000. Finally, Driehaus Capital Management LLC grew its holdings in MoneyLion by 77.1% in the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock valued at $16,288,000 after buying an additional 96,433 shares in the last quarter. 31.43% of the stock is currently owned by hedge funds and other institutional investors.

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.