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

MoneyLion Inc. (NYSE:ML) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $92.83.

A number of equities research analysts recently issued reports on the company. 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 company from $133.00 to $90.00 in a report on Wednesday, February 26th. Northland Securities boosted their price objective on MoneyLion from $80.00 to $100.00 and gave the stock 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 from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th.

Insider Activity at MoneyLion

In other MoneyLion news, CAO Mark Torossian sold 1,136 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total transaction of $99,127.36. Following the transaction, the chief accounting officer now directly owns 17,476 shares in the company, valued at $1,524,955.76. This trade represents a 6.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Diwakar Choubey sold 18,506 shares of MoneyLion stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $1,614,833.56. Following the transaction, the chief executive officer now directly owns 320,865 shares in the company, valued at $27,998,679.90. This trade represents a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,309 shares of company stock valued at $4,716,335. Corporate insiders own 11.90% of the company’s stock.

Institutional Trading of MoneyLion

Several hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new position in shares of MoneyLion in the fourth quarter worth about $29,000. California State Teachers Retirement System grew its position in MoneyLion by 8.8% during the 4th quarter. California State Teachers Retirement System now owns 6,306 shares of the company’s stock worth $542,000 after acquiring an additional 511 shares during the last quarter. MetLife Investment Management LLC increased its stake in MoneyLion by 12.6% in the 4th quarter. MetLife Investment Management LLC now owns 5,634 shares of the company’s stock worth $485,000 after purchasing an additional 629 shares during the period. FMR LLC lifted its position in MoneyLion by 154.6% in the third quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after purchasing an additional 637 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in shares of MoneyLion during the fourth quarter valued at approximately $67,000. 31.43% of the stock is owned by institutional investors.

MoneyLion Price Performance

Shares of NYSE:ML opened at $88.05 on Wednesday. The firm has a fifty day moving average price of $86.94 and a two-hundred day moving average price of $72.99. The company has a market cap of $996.73 million, a price-to-earnings ratio of 400.23 and a beta of 3.04. MoneyLion has a one year low of $36.65 and a one year high of $106.82.

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.