MoneyLion (NYSE:ML) Reaches New 52-Week High at $80.47

MoneyLion Inc. (NYSE:ML - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $80.47 and last traded at $80.47, with a volume of 127 shares traded. The stock had previously closed at $76.63.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. TheStreet upgraded shares of MoneyLion from a "d" rating to a "c-" rating in a research note on Thursday, March 7th. Craig Hallum increased their price objective on MoneyLion from $30.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, December 12th. Cantor Fitzgerald increased their target price on shares of MoneyLion from $30.00 to $58.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 13th. Needham & Company LLC initiated coverage on MoneyLion in a report on Wednesday, April 3rd. They issued a "buy" rating and a $90.00 price target for the company. Finally, Lake Street Capital started coverage on shares of MoneyLion in a research report on Tuesday, December 19th. They issued a "buy" rating and a $75.00 price objective for the company. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, MoneyLion currently has an average rating of "Buy" and an average price target of $59.80.

MoneyLion Stock Performance

The company's 50-day moving average price is $57.78 and its two-hundred day moving average price is $44.94. The stock has a market cap of $905.46 million, a PE ratio of -17.20 and a beta of 2.71.

MoneyLion (NYSE:ML - Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.39) EPS for the quarter, topping the consensus estimate of ($0.59) by $0.20. MoneyLion had a negative net margin of 10.69% and a negative return on equity of 11.19%. The firm had revenue of $112.96 million for the quarter, compared to the consensus estimate of $113.50 million. During the same period last year, the firm posted ($3.00) earnings per share. Equities research analysts forecast that MoneyLion Inc. will post -0.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Jeff Gary sold 945 shares of the company's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $61.10, for a total transaction of $57,739.50. Following the completion of the transaction, the director now directly owns 7,731 shares of the company's stock, valued at $472,364.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other MoneyLion news, Director Jeff Gary sold 945 shares of the company's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $61.10, for a total value of $57,739.50. Following the completion of the transaction, the director now directly owns 7,731 shares in the company, valued at approximately $472,364.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Diwakar Choubey sold 20,207 shares of the firm's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $65.08, for a total transaction of $1,315,071.56. Following the completion of the sale, the chief executive officer now owns 805,362 shares of the company's stock, valued at $52,412,958.96. The disclosure for this sale can be found here. Insiders have sold a total of 149,111 shares of company stock worth $9,789,064 in the last ninety days. 14.10% of the stock is owned by insiders.

Institutional Investors Weigh In On MoneyLion

Several hedge funds have recently bought and sold shares of ML. EAM Investors LLC bought a new stake in MoneyLion during the 3rd quarter valued at about $1,145,000. FNY Investment Advisers LLC purchased a new stake in MoneyLion in the third quarter worth approximately $324,000. HighTower Advisors LLC boosted its stake in shares of MoneyLion by 15.8% in the 3rd quarter. HighTower Advisors LLC now owns 37,346 shares of the company's stock worth $808,000 after buying an additional 5,100 shares during the last quarter. Orion Capital Management LLC bought a new stake in shares of MoneyLion in the third quarter worth $50,000. Finally, Manatuck Hill Partners LLC purchased a new stake in shares of MoneyLion during the 3rd quarter valued at about $1,407,000. Institutional investors own 31.43% of the company's stock.

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.