Analysts Set MoneyLion Inc. (NYSE:ML) PT at $100.00

Shares of MoneyLion Inc. (NYSE:ML) have been assigned an average rating of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $100.00.

A number of equities analysts have issued reports on ML shares. Northland Securities upped their target price on MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Northland Capmk upgraded shares of MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Lake Street Capital restated a “hold” rating and issued a $82.00 price target (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Finally, Needham & Company LLC reiterated a “hold” rating and set a $100.00 price target on shares of MoneyLion in a report on Wednesday, December 11th.

MoneyLion Stock Performance

Shares of NYSE:ML opened at $86.48 on Friday. MoneyLion has a 52-week low of $36.65 and a 52-week high of $106.82. The company has a market capitalization of $960.01 million, a PE ratio of 393.09 and a beta of 3.07. The company has a fifty day moving average of $82.01 and a 200-day moving average of $62.82.

Insider Activity

In other MoneyLion news, insider Timmie Hong sold 6,094 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $86.84, for a total value of $529,202.96. Following the transaction, the insider now directly owns 86,015 shares of the company’s stock, valued at approximately $7,469,542.60. The trade was a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Chris Sugden sold 25,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 1,062,505 shares of the company’s stock, valued at approximately $91,609,181.10. This trade represents a 2.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,632 shares of company stock valued at $9,428,405. 11.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new position in shares of MoneyLion during the second quarter valued at about $1,776,000. Commonwealth Equity Services LLC bought a new stake in MoneyLion in the 2nd quarter valued at about $227,000. Rhumbline Advisers raised its stake in MoneyLion by 4,346.9% during the 2nd quarter. Rhumbline Advisers now owns 10,895 shares of the company’s stock worth $801,000 after buying an additional 10,650 shares during the period. Fiducient Advisors LLC bought a new position in MoneyLion in the second quarter worth approximately $204,000. Finally, ClariVest Asset Management LLC grew its stake in MoneyLion by 2.6% in the second quarter. ClariVest Asset Management LLC now owns 10,175 shares of the company’s stock valued at $748,000 after acquiring an additional 257 shares during the period. 31.43% of the stock is owned by institutional investors.

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.