Brokerages Set MoneyLion Inc. (NYSE:ML) Price Target at $97.86

MoneyLion Inc. (NYSE:ML) has been given an average rating of “Buy” by the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $100.00.

ML has been the subject of several analyst reports. 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, November 7th. Northland Securities raised their target price on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Needham & Company LLC reiterated a “hold” rating and set a $100.00 price objective on shares of MoneyLion in a report on Wednesday, December 11th. Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Lake Street Capital reiterated a “hold” rating and set a $82.00 price objective (down previously from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th.

MoneyLion Trading Up 1.3 %

MoneyLion stock opened at $87.38 on Monday. The firm has a 50-day moving average price of $66.00 and a 200-day moving average price of $62.46. The firm has a market capitalization of $970.01 million, a PE ratio of 397.18 and a beta of 3.08. MoneyLion has a 12-month low of $36.65 and a 12-month high of $106.82.

Insider Activity

In other news, insider Adam Vanwagner sold 6,165 shares of MoneyLion stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $70.00, for a total value of $431,550.00. Following the transaction, the insider now owns 103,133 shares of the company’s stock, valued at $7,219,310. The trade was a 5.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Timmie Hong sold 2,504 shares of MoneyLion stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $48.35, for a total transaction of $121,068.40. Following the completion of the transaction, the insider now directly owns 103,353 shares in the company, valued at approximately $4,997,117.55. The trade was a 2.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 107,538 shares of company stock worth $8,899,202. 11.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC grew its position in shares of MoneyLion by 500.7% in the 2nd quarter. SG Americas Securities LLC now owns 19,906 shares of the company’s stock worth $1,464,000 after buying an additional 16,592 shares during the last quarter. Vanguard Group Inc. grew its position in shares of MoneyLion by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock worth $16,588,000 after buying an additional 3,107 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of MoneyLion in the 3rd quarter worth approximately $574,000. Marshall Wace LLP grew its position in shares of MoneyLion by 24.1% in the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after buying an additional 46,611 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of MoneyLion by 2,060.1% in the 2nd quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock worth $7,864,000 after buying an additional 98,680 shares during the last quarter. 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.