MoneyLion Inc. (NYSE:ML) Receives $90.71 Consensus Target Price from Analysts

Shares of MoneyLion Inc. (NYSE:ML) have been given a consensus recommendation of “Buy” by the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $90.71.

ML has been the subject of a number of analyst reports. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Thursday, November 7th. Northland Securities increased their target price on shares of MoneyLion from $60.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, November 8th. 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 target price on shares of MoneyLion in a research report on Friday, October 4th. Finally, Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th.

Insider Transactions at MoneyLion

In other news, insider Timmie Hong sold 2,504 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $48.35, for a total value of $121,068.40. Following the transaction, the insider now owns 103,353 shares in the company, valued at approximately $4,997,117.55. This trade represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Vanwagner sold 6,165 shares of MoneyLion stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $70.00, for a total transaction of $431,550.00. Following the completion of the transaction, the insider now directly owns 103,133 shares in the company, valued at approximately $7,219,310. The trade was a 5.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,680 shares of company stock worth $4,120,514. Company insiders own 11.90% of the company’s stock.

Institutional Trading of MoneyLion

Institutional investors have recently modified their holdings of the company. Barclays PLC lifted its stake in MoneyLion by 52.1% in the third quarter. Barclays PLC now owns 13,821 shares of the company’s stock worth $575,000 after acquiring an additional 4,735 shares during the period. Geode Capital Management LLC lifted its position in shares of MoneyLion by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock worth $6,948,000 after purchasing an additional 9,106 shares during the period. State Street Corp boosted its stake in shares of MoneyLion by 3.1% during 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 in the last quarter. Point72 DIFC Ltd purchased a new position in shares of MoneyLion during the third quarter valued at about $40,000. Finally, Point72 Asset Management L.P. bought a new position in MoneyLion in the third quarter worth about $574,000. 31.43% of the stock is currently owned by hedge funds and other institutional investors.

MoneyLion Stock Down 5.6 %

ML stock opened at $78.45 on Thursday. The firm has a market capitalization of $870.74 million, a PE ratio of 356.57 and a beta of 2.67. MoneyLion has a twelve month low of $33.01 and a twelve month high of $106.82. The stock’s 50 day moving average is $50.66 and its 200-day moving average is $62.23.

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.