MoneyLion Inc. (NYSE:ML) Receives Average Recommendation of “Moderate Buy” from Analysts

MoneyLion Inc. (NYSE:ML) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $92.83.

ML has been the subject of a number of research reports. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Thursday, November 7th. Northland Securities lifted their target price on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. B. Riley lowered MoneyLion from a “buy” rating to a “neutral” rating and cut their price target for the company from $133.00 to $90.00 in a research note on Wednesday. Lake Street Capital reiterated a “hold” rating and issued a $82.00 price target (down previously from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Finally, Needham & Company LLC reissued a “hold” rating and set a $100.00 price objective on shares of MoneyLion in a report on Wednesday, December 11th.

MoneyLion Trading Up 0.1 %

ML opened at $86.04 on Friday. MoneyLion has a 1-year low of $36.65 and a 1-year high of $106.82. The stock has a market capitalization of $955.13 million, a PE ratio of 391.09 and a beta of 3.06. The firm has a 50-day moving average price of $86.60 and a two-hundred day moving average price of $67.14.

Insider Buying and Selling at MoneyLion

In other MoneyLion news, CFO Richard Correia sold 6,982 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $90.37, for a total value of $630,963.34. Following the completion of the transaction, the chief financial officer now directly owns 178,019 shares of the company’s stock, valued at approximately $16,087,577.03. The trade was a 3.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Diwakar Choubey sold 5,253 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $85.76, for a total value of $450,497.28. Following the sale, the chief executive officer now directly owns 344,928 shares in the company, valued at approximately $29,581,025.28. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 108,465 shares of company stock valued at $9,486,276. Corporate insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ML. Alpine Global Management LLC bought a new stake in MoneyLion in the 4th quarter valued at $2,177,000. Orion Capital Management LLC acquired a new stake in shares of MoneyLion in the 4th quarter valued at about $112,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of MoneyLion in the 4th quarter valued at about $1,055,000. Toronto Dominion Bank bought a new stake in shares of MoneyLion in the fourth quarter valued at about $4,303,000. Finally, Silvercrest Asset Management Group LLC boosted its position in shares of MoneyLion by 96.1% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 128,103 shares of the company’s stock worth $11,018,000 after buying an additional 62,794 shares during the period. Institutional investors and hedge funds 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.