Analysts Set MoneyLion Inc. (NYSE:ML) PT at $92.83

MoneyLion Inc. (NYSE:ML - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $92.83.

Several research firms have issued reports on ML. Needham & Company LLC restated a "hold" rating on shares of MoneyLion in a report on Friday, March 7th. B. Riley downgraded shares of MoneyLion from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $133.00 to $90.00 in a research report on Wednesday, February 26th.

MoneyLion Price Performance

NYSE:ML traded up $0.30 during trading hours on Friday, hitting $86.00. The company's stock had a trading volume of 2,715,969 shares, compared to its average volume of 223,809. The company has a market capitalization of $973.52 million, a P/E ratio of 390.91 and a beta of 2.94. MoneyLion has a twelve month low of $36.65 and a twelve month high of $106.82. The stock has a fifty day simple moving average of $86.66 and a 200-day simple moving average of $77.86.

Insiders Place Their Bets

In other news, insider Adam Vanwagner sold 5,326 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total value of $464,746.76. Following the completion of the transaction, the insider now directly owns 85,306 shares in the company, valued at approximately $7,443,801.56. This trade represents a 5.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard Correia sold 3,502 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $85.76, for a total transaction of $300,331.52. Following the completion of the sale, the chief financial officer now owns 182,570 shares in the company, valued at $15,657,203.20. This represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,055 shares of company stock worth $4,176,052 over the last quarter. 11.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MoneyLion

Several large investors have recently added to or reduced their stakes in the business. Nordea Investment Management AB raised its holdings in shares of MoneyLion by 238.8% in the 4th quarter. Nordea Investment Management AB now owns 30,760 shares of the company's stock valued at $2,653,000 after acquiring an additional 21,681 shares in the last quarter. Geode Capital Management LLC grew its stake in MoneyLion by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 167,197 shares of the company's stock worth $6,948,000 after buying an additional 9,106 shares in the last quarter. Barclays PLC increased its holdings in shares of MoneyLion by 52.1% in the 3rd quarter. Barclays PLC now owns 13,821 shares of the company's stock worth $575,000 after buying an additional 4,735 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of MoneyLion by 11.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 61,133 shares of the company's stock valued at $5,258,000 after buying an additional 6,046 shares in the last quarter. Finally, State Street Corp grew its position in MoneyLion by 3.1% in the third quarter. State Street Corp now owns 169,694 shares of the company's stock worth $7,051,000 after acquiring an additional 5,108 shares in the last quarter. 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.