MoneyLion’s (ML) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of MoneyLion (NYSE:ML) in a report issued on Tuesday morning,Benzinga reports. Needham & Company LLC currently has a $100.00 price target on the stock.

Several other brokerages also recently issued reports on ML. Northland Capmk raised 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 research note on Thursday, October 3rd. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Thursday, November 7th. Finally, Northland Securities increased their price objective on MoneyLion from $60.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $95.00.

MoneyLion Trading Down 0.0 %

NYSE:ML opened at $86.64 on Tuesday. The firm has a market capitalization of $961.70 million, a PE ratio of 393.82 and a beta of 2.67. MoneyLion has a 1 year low of $36.26 and a 1 year high of $106.82. The firm’s fifty day simple moving average is $53.20 and its 200 day simple moving average is $62.32.

Insider Transactions at MoneyLion

In other MoneyLion news, insider Timmie Hong sold 2,334 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $42.34, for a total transaction of $98,821.56. Following the completion of the transaction, the insider now owns 105,857 shares in the company, valued at $4,481,985.38. This trade represents a 2.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mark Torossian sold 328 shares of MoneyLion stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $80.00, for a total value of $26,240.00. Following the sale, the chief accounting officer now directly owns 20,409 shares in the company, valued at $1,632,720. The trade was a 1.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,680 shares of company stock valued at $4,120,514. 11.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MoneyLion

Several hedge funds and other institutional investors have recently modified their holdings of ML. SG Americas Securities LLC grew its position 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 acquiring an additional 16,592 shares during the period. Vanguard Group Inc. grew its holdings in shares of MoneyLion by 1.4% in the 1st 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. Marshall Wace LLP grew its holdings in shares of MoneyLion by 24.1% in the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after purchasing an additional 46,611 shares during the last quarter. Bank of Montreal Can increased its position in shares of MoneyLion by 2,060.1% during the 2nd quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock worth $7,864,000 after purchasing an additional 98,680 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC bought a new position in MoneyLion during the 2nd quarter valued at about $1,579,000. 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.