MoneyLion Inc. (NYSE:ML) Receives $92.83 Consensus Target Price from Analysts

Shares of MoneyLion Inc. (NYSE:ML) have been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $92.83.

Several research analysts recently weighed in on ML shares. Needham & Company LLC reiterated a “hold” rating on shares of MoneyLion in a research report on Friday, March 7th. B. Riley cut MoneyLion from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $133.00 to $90.00 in a report on Wednesday, February 26th. Northland Securities boosted their price objective 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, Lake Street Capital reaffirmed a “hold” rating and issued a $82.00 target price (down previously from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th.

MoneyLion Price Performance

Shares of NYSE ML opened at $87.86 on Wednesday. The company has a market capitalization of $994.52 million, a P/E ratio of 399.34 and a beta of 3.04. The company has a 50 day simple moving average of $86.86 and a 200-day simple moving average of $72.34. MoneyLion has a 1 year low of $36.65 and a 1 year high of $106.82.

Insiders Place Their Bets

In other MoneyLion news, CFO Richard Correia sold 3,502 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $85.76, for a total value of $300,331.52. Following the completion of the transaction, the chief financial officer now owns 182,570 shares in the company, valued at $15,657,203.20. The trade was a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Adam Vanwagner sold 5,326 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total value of $464,746.76. Following the completion of the sale, the insider now owns 85,306 shares in the company, valued at approximately $7,443,801.56. The trade was a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,309 shares of company stock worth $4,716,335 over the last three months. Company insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On MoneyLion

Several large investors have recently bought and sold shares of the stock. GSA Capital Partners LLP grew its stake in shares of MoneyLion by 10.4% during the third quarter. GSA Capital Partners LLP now owns 14,427 shares of the company’s stock worth $599,000 after purchasing an additional 1,360 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of MoneyLion by 5.2% in the third quarter. Empowered Funds LLC now owns 35,246 shares of the company’s stock valued at $1,464,000 after purchasing an additional 1,742 shares during the period. Quest Partners LLC increased its stake in MoneyLion by 3,016.7% in the 3rd quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after buying an additional 3,801 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in shares of MoneyLion by 10.7% during the third quarter. Thompson Siegel & Walmsley LLC now owns 23,765 shares of the company’s stock worth $987,000 after acquiring an additional 2,298 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in MoneyLion by 6.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,087 shares of the company’s stock worth $2,289,000 after purchasing an additional 3,179 shares during the period. Hedge funds and other institutional investors 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.