MoneyLion (NYSE:ML) Earns “Hold” Rating from Needham & Company LLC

MoneyLion (NYSE:ML)‘s stock had its “hold” rating reiterated by stock analysts at Needham & Company LLC in a research note issued on Friday,Benzinga reports.

ML has been the topic of several other reports. Lake Street Capital reiterated a “hold” rating and issued a $82.00 price target (down from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Thursday, November 7th. Northland Securities lifted their price target on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, B. Riley downgraded shares of MoneyLion from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $133.00 to $90.00 in a research note on Wednesday, February 26th. Three equities research 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. Based on data from MarketBeat.com, MoneyLion has an average rating of “Moderate Buy” and an average price target of $92.83.

MoneyLion Price Performance

MoneyLion stock opened at $87.54 on Friday. The stock’s fifty day moving average is $86.67 and its two-hundred day moving average is $68.71. The stock has a market cap of $971.80 million, a PE ratio of 397.92 and a beta of 3.04. MoneyLion has a 1-year low of $36.65 and a 1-year high of $106.82.

Insider Transactions at MoneyLion

In other MoneyLion news, insider Timmie Hong sold 6,094 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $86.84, for a total value of $529,202.96. Following the transaction, the insider now directly owns 86,015 shares of the company’s stock, valued at approximately $7,469,542.60. The trade was a 6.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Mark Torossian sold 1,136 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $99,127.36. Following the transaction, the chief accounting officer now owns 17,476 shares of the company’s stock, valued at approximately $1,524,955.76. The trade was a 6.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,403 shares of company stock worth $5,245,538. Company insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On MoneyLion

Institutional investors have recently added to or reduced their stakes in the business. Nordea Investment Management AB raised its stake in shares of MoneyLion by 238.8% during the 4th quarter. Nordea Investment Management AB now owns 30,760 shares of the company’s stock worth $2,653,000 after buying an additional 21,681 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in MoneyLion during the third quarter worth $574,000. Geode Capital Management LLC raised its position in MoneyLion by 5.8% in the third quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock worth $6,948,000 after acquiring an additional 9,106 shares in the last quarter. Barclays PLC lifted its holdings in MoneyLion by 52.1% in the third quarter. Barclays PLC now owns 13,821 shares of the company’s stock valued at $575,000 after acquiring an additional 4,735 shares during the period. Finally, Centiva Capital LP purchased a new stake in shares of MoneyLion during the 3rd quarter worth $249,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

About MoneyLion

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.