MoneyLion Inc. (NYSE:ML) Receives Consensus Rating of “Buy” from Analysts

Shares of MoneyLion Inc. (NYSE:ML) have earned an average rating of “Buy” from the eight analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $100.00.

ML has been the topic of a number of research analyst reports. Northland Capmk raised MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Lake Street Capital restated a “hold” rating and issued a $82.00 price objective (down previously from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Needham & Company LLC reiterated a “hold” rating and set a $100.00 target price on shares of MoneyLion in a research note on Wednesday, December 11th. Northland Securities raised their price target on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, 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 research note on Thursday, November 7th.

Insiders Place Their Bets

In related news, CEO Diwakar Choubey sold 16,080 shares of MoneyLion stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $90.44, for a total value of $1,454,275.20. Following the completion of the transaction, the chief executive officer now directly owns 674,025 shares of the company’s stock, valued at $60,958,821. The trade was a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Adam Vanwagner sold 6,165 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $70.00, for a total transaction of $431,550.00. Following the sale, the insider now directly owns 103,133 shares in the company, valued at $7,219,310. This trade represents a 5.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,382 shares of company stock worth $9,847,620 over the last quarter. Company insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On MoneyLion

Several hedge funds and other institutional investors have recently made changes to their positions in ML. State Street Corp boosted its stake in shares of MoneyLion by 3.1% in the 3rd quarter. State Street Corp now owns 169,694 shares of the company’s stock valued at $7,051,000 after purchasing an additional 5,108 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of MoneyLion by 5.8% in the third quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock valued at $6,948,000 after buying an additional 9,106 shares during the period. Bank of Montreal Can increased its holdings in 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 in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of MoneyLion by 6.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 55,087 shares of the company’s stock worth $2,289,000 after buying an additional 3,179 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of MoneyLion by 14.3% in the second quarter. Squarepoint Ops LLC now owns 45,293 shares of the company’s stock valued at $3,331,000 after purchasing an additional 5,656 shares during the last quarter. 31.43% of the stock is owned by institutional investors and hedge funds.

MoneyLion Price Performance

ML stock opened at $87.62 on Tuesday. The stock has a market capitalization of $972.61 million, a price-to-earnings ratio of 398.25 and a beta of 3.07. The company has a 50-day moving average of $86.51 and a two-hundred day moving average of $64.20. MoneyLion has a 52-week low of $36.65 and a 52-week high of $106.82.

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.