MoneyLion Inc. (NYSE:ML) Receives Consensus Rating of “Buy” from Analysts

Shares of MoneyLion Inc. (NYSE:ML) have been assigned a consensus recommendation of “Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $100.00.

A number of brokerages recently commented on ML. Oppenheimer upgraded 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. Lake Street Capital reaffirmed a “hold” rating and issued a $82.00 price objective (down from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Needham & Company LLC reaffirmed a “hold” rating and set a $100.00 price target on shares of MoneyLion in a report on Wednesday, December 11th. Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th.

MoneyLion Stock Performance

NYSE:ML opened at $85.78 on Friday. The firm has a market cap of $952.24 million, a price-to-earnings ratio of 389.91 and a beta of 3.07. MoneyLion has a 52 week low of $36.65 and a 52 week high of $106.82. The firm’s 50-day simple moving average is $80.28 and its 200 day simple moving average is $62.49.

Insider Activity

In other news, CAO Mark Torossian sold 328 shares of MoneyLion stock in a transaction dated 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 of the company’s stock, valued at approximately $1,632,720. This trade represents a 1.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Adam Vanwagner sold 6,165 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $70.00, for a total value of $431,550.00. Following the sale, the insider now owns 103,133 shares in the company, valued at approximately $7,219,310. The trade was a 5.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,632 shares of company stock valued at $9,428,405. Company insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On MoneyLion

Several institutional investors have recently added to or reduced their stakes in ML. Covestor Ltd increased its stake in shares of MoneyLion by 63.6% in the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after acquiring an additional 255 shares in the last quarter. Point72 DIFC Ltd bought a new stake in MoneyLion in the third quarter valued at $40,000. FMR LLC increased its stake 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 in the last quarter. Quest Partners LLC raised its holdings in shares of MoneyLion by 3,016.7% during the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after purchasing an additional 3,801 shares during the period. Finally, Fiducient Advisors LLC bought a new position in shares of MoneyLion during the 2nd quarter worth about $204,000. 31.43% of the stock is owned by institutional investors and hedge funds.

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.