Shares of MoneyLion Inc. (NYSE:ML – Get Free Report) have been assigned an average recommendation of “Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $89.17.
A number of research firms recently weighed in on ML. Northland Securities assumed coverage on shares of MoneyLion in a report on Wednesday, October 16th. They set an “outperform” rating and a $60.00 price target for the company. Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price target on shares of MoneyLion in a research note on Friday, October 4th. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Oppenheimer assumed coverage on MoneyLion in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock.
Check Out Our Latest Stock Analysis on MoneyLion
Insider Buying and Selling at MoneyLion
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC bought a new stake in MoneyLion in the 1st quarter valued at about $70,000. Fiducient Advisors LLC bought a new position in MoneyLion in the 2nd quarter worth approximately $204,000. Commonwealth Equity Services LLC acquired a new stake in MoneyLion in the 2nd quarter valued at approximately $227,000. Private Ocean LLC bought a new stake in MoneyLion during the 2nd quarter valued at $238,000. Finally, The Manufacturers Life Insurance Company acquired a new position in MoneyLion during the 2nd quarter worth $241,000. Institutional investors and hedge funds own 31.43% of the company’s stock.
MoneyLion Trading Up 0.2 %
NYSE:ML opened at $45.29 on Friday. The firm’s fifty day simple moving average is $42.96 and its 200 day simple moving average is $63.57. MoneyLion has a twelve month low of $17.87 and a twelve month high of $106.82. The firm has a market capitalization of $476.36 million, a price-to-earnings ratio of -16.38 and a beta of 2.69.
MoneyLion (NYSE:ML – Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.27. MoneyLion had a return on equity of 0.72% and a net margin of 0.40%. The firm had revenue of $130.90 million for the quarter, compared to analyst estimates of $127.03 million. During the same period in the previous year, the company posted ($0.42) EPS. MoneyLion’s revenue for the quarter was up 22.9% on a year-over-year basis. On average, analysts predict that MoneyLion will post 1.33 earnings per share for the current year.
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.
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