B. Riley Analysts Lift Earnings Estimates for MoneyLion Inc. (NYSE:ML)

MoneyLion Inc. (NYSE:ML - Free Report) - Analysts at B. Riley upped their Q2 2024 earnings per share estimates for MoneyLion in a note issued to investors on Tuesday, May 7th. B. Riley analyst H. Goetsch now forecasts that the company will post earnings per share of ($0.01) for the quarter, up from their previous forecast of ($0.25). The consensus estimate for MoneyLion's current full-year earnings is ($0.06) per share. B. Riley also issued estimates for MoneyLion's Q3 2024 earnings at $0.18 EPS, Q4 2024 earnings at $0.67 EPS, FY2024 earnings at $1.45 EPS and FY2025 earnings at $5.51 EPS.

Several other equities research analysts have also commented on the stock. Lake Street Capital boosted their target price on shares of MoneyLion from $75.00 to $109.00 and gave the stock a "buy" rating in a research report on Monday, April 15th. TheStreet raised MoneyLion from a "d" rating to a "c-" rating in a report on Thursday, March 7th. Needham & Company LLC upped their target price on MoneyLion from $90.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Craig Hallum raised their price target on MoneyLion from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $78.60.

MoneyLion Stock Down 0.6 %

Shares of MoneyLion stock traded down $0.48 during trading on Friday, reaching $81.47. The company's stock had a trading volume of 127,713 shares, compared to its average volume of 169,811. The business has a 50 day moving average price of $69.41 and a 200-day moving average price of $53.29. The company has a market capitalization of $857.06 million, a P/E ratio of -17.18 and a beta of 2.68. MoneyLion has a 12-month low of $9.73 and a 12-month high of $87.00.

MoneyLion (NYSE:ML - Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of ($0.29) by $0.89. The company had revenue of $121.00 million for the quarter, compared to analyst estimates of $116.32 million. MoneyLion had a negative return on equity of 11.19% and a negative net margin of 10.69%. The firm's revenue for the quarter was up 29.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.29) EPS.

Hedge Funds Weigh In On MoneyLion

Several large investors have recently added to or reduced their stakes in the business. EAM Investors LLC purchased a new stake in shares of MoneyLion during the 3rd quarter valued at $1,145,000. Orion Capital Management LLC acquired a new stake in MoneyLion during the third quarter worth about $50,000. HighTower Advisors LLC raised its holdings 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 purchasing an additional 5,100 shares during the period. Intellectus Partners LLC purchased a new stake in shares of MoneyLion during the 4th quarter worth about $334,000. Finally, Manatuck Hill Partners LLC acquired a new stake in MoneyLion during the 3rd quarter worth approximately $1,407,000. 31.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MoneyLion

In related news, CEO Diwakar Choubey sold 20,207 shares of MoneyLion 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 in the company, valued at approximately $52,412,958.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other MoneyLion news, CAO Mark Torossian sold 2,000 shares of the business's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $67.59, for a total value of $135,180.00. Following the completion of the transaction, the chief accounting officer now directly owns 23,994 shares in the company, valued at approximately $1,621,754.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Diwakar Choubey sold 20,207 shares of the firm's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $65.08, for a total value of $1,315,071.56. Following the sale, the chief executive officer now owns 805,362 shares in the company, valued at approximately $52,412,958.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 149,111 shares of company stock worth $9,789,064. 14.10% of the stock is owned by insiders.

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.