MoneyLion Inc. (NYSE:ML) Receives $90.71 Consensus Price Target from Analysts

Shares of MoneyLion Inc. (NYSE:ML) have been given a consensus rating of “Buy” by the eight analysts that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $90.71.

Several brokerages recently weighed in on ML. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a report on Thursday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 target price on shares of MoneyLion in a research report on Friday, October 4th. Finally, Northland Securities boosted their price target on shares of MoneyLion from $60.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, November 8th.

MoneyLion Price Performance

MoneyLion stock opened at $81.13 on Thursday. The firm has a 50 day simple moving average of $49.04 and a 200-day simple moving average of $62.03. The stock has a market cap of $889.83 million, a price-to-earnings ratio of 368.77 and a beta of 2.67. MoneyLion has a 1-year low of $31.76 and a 1-year high of $106.82.

Insider Activity at MoneyLion

In related news, CAO Mark Torossian sold 328 shares of MoneyLion stock in a transaction on Friday, November 8th. The stock was sold at an average price of $80.00, for a total value of $26,240.00. Following the completion of the transaction, the chief accounting officer now directly owns 20,409 shares in the company, valued at approximately $1,632,720. This trade represents a 1.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Diwakar Choubey sold 20,133 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $80.11, for a total value of $1,612,854.63. Following the sale, the chief executive officer now owns 690,825 shares in the company, valued at approximately $55,341,990.75. This trade represents a 2.83 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,686 shares of company stock worth $3,882,790. Corporate insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in MoneyLion by 500.7% in the second quarter. SG Americas Securities LLC now owns 19,906 shares of the company’s stock valued at $1,464,000 after buying an additional 16,592 shares during the last quarter. Sei Investments Co. purchased a new position in shares of MoneyLion in the 1st quarter valued at about $1,070,000. Acadian Asset Management LLC raised its position in shares of MoneyLion by 114.3% during the 1st quarter. Acadian Asset Management LLC now owns 45,365 shares of the company’s stock worth $3,234,000 after acquiring an additional 24,193 shares in the last quarter. Vanguard Group Inc. lifted its stake in MoneyLion by 1.4% during the first quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock worth $16,588,000 after purchasing an additional 3,107 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in MoneyLion by 24.1% in the second quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock valued at $17,675,000 after purchasing an additional 46,611 shares in the last quarter. 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.