MoneyLion Inc. (NYSE:ML – Get Free Report)’s share price traded up 6.9% on Wednesday . The stock traded as high as $75.88 and last traded at $75.22. 94,008 shares traded hands during trading, a decline of 50% from the average session volume of 188,684 shares. The stock had previously closed at $70.39.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on ML shares. TheStreet raised MoneyLion from a “d” rating to a “c-” rating in a report on Thursday, March 7th. Craig Hallum boosted their price objective on MoneyLion from $100.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. B. Riley reaffirmed a “buy” rating and set a $133.00 target price on shares of MoneyLion in a report on Tuesday, June 25th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of MoneyLion in a report on Monday, June 24th. Finally, Lake Street Capital upped their price objective on MoneyLion from $75.00 to $109.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $101.00.
MoneyLion Stock Up 7.1 %
The business has a 50-day simple moving average of $80.28 and a 200-day simple moving average of $67.03. The company has a market cap of $793.42 million, a PE ratio of -26.01 and a beta of 2.74.
MoneyLion (NYSE:ML – Get Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.89. The firm had revenue of $121.00 million during the quarter, compared to the consensus estimate of $116.32 million. MoneyLion had a negative net margin of 6.42% and a negative return on equity of 3.02%. The company’s revenue for the quarter was up 29.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.29) EPS. On average, research analysts forecast that MoneyLion Inc. will post 1.45 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, CFO Richard Correia sold 6,778 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $81.28, for a total value of $550,915.84. Following the transaction, the chief financial officer now directly owns 256,318 shares in the company, valued at $20,833,527.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other MoneyLion news, insider Timmie Hong sold 7,437 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $88.01, for a total transaction of $654,530.37. Following the sale, the insider now directly owns 119,482 shares in the company, valued at $10,515,610.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard Correia sold 6,778 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $81.28, for a total transaction of $550,915.84. Following the completion of the transaction, the chief financial officer now directly owns 256,318 shares of the company’s stock, valued at approximately $20,833,527.04. The disclosure for this sale can be found here. Insiders sold 72,003 shares of company stock valued at $6,175,744 in the last three months. 14.10% of the stock is currently owned by insiders.
Hedge Funds Weigh In On MoneyLion
Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC purchased a new stake in shares of MoneyLion in the 4th quarter valued at approximately $35,000. Orion Capital Management LLC acquired a new stake in MoneyLion in the third quarter valued at $50,000. EntryPoint Capital LLC acquired a new stake in MoneyLion in the first quarter valued at $70,000. SG Americas Securities LLC purchased a new stake in MoneyLion during the 1st quarter worth about $236,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of MoneyLion during the 4th quarter worth about $248,000. Institutional investors and hedge funds 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.