MoneyLion (ML) to Release Quarterly Earnings on Thursday

MoneyLion (NYSE:ML) will likely be announcing its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $0.51 per share and revenue of $150.34 million for the quarter.

MoneyLion Price Performance

Shares of ML stock opened at $87.44 on Wednesday. The stock has a market cap of $970.64 million, a P/E ratio of 397.44 and a beta of 3.06. The company has a fifty day moving average price of $86.64 and a two-hundred day moving average price of $68.44. MoneyLion has a one year low of $36.65 and a one year high of $106.82.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ML. 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. Lake Street Capital reissued a “hold” rating and issued a $82.00 target price (down from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. B. Riley lowered shares of MoneyLion from a “buy” rating to a “neutral” rating and decreased their target price for the company from $133.00 to $90.00 in a report on Wednesday, February 26th. Northland Securities lifted their price target on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Needham & Company LLC reaffirmed a “hold” rating and set a $100.00 price target on shares of MoneyLion in a report on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $92.83.

Insider Transactions at MoneyLion

In other MoneyLion news, insider Timmie Hong sold 1,365 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $85.76, for a total transaction of $117,062.40. Following the sale, the insider now directly owns 95,395 shares of the company’s stock, valued at $8,181,075.20. This represents a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Adam Vanwagner sold 5,326 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total transaction of $464,746.76. Following the sale, the insider now directly owns 85,306 shares in the company, valued at approximately $7,443,801.56. This trade represents a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 85,403 shares of company stock worth $7,401,038 in the last quarter. 11.90% of the stock is currently owned by corporate insiders.

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.