Lake Street Capital Raises MoneyLion (NYSE:ML) Price Target to $109.00

MoneyLion (NYSE:ML - Get Free Report) had its price objective increased by equities research analysts at Lake Street Capital from $75.00 to $109.00 in a report issued on Monday, Benzinga reports. The firm presently has a "buy" rating on the stock. Lake Street Capital's price objective suggests a potential upside of 50.45% from the company's current price.

A number of other research analysts also recently commented on the stock. TheStreet raised shares of MoneyLion from a "d" rating to a "c-" rating in a research report on Thursday, March 7th. Needham & Company LLC assumed coverage on shares of MoneyLion in a report on Wednesday, April 3rd. They set a "buy" rating and a $90.00 price objective on the stock. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, MoneyLion presently has a consensus rating of "Buy" and a consensus price target of $66.60.

MoneyLion Stock Down 7.9 %

NYSE:ML traded down $6.19 during midday trading on Monday, hitting $72.45. The stock had a trading volume of 184,376 shares, compared to its average volume of 177,193. The stock has a 50-day moving average of $61.15 and a 200 day moving average of $47.00. The company has a market capitalization of $762.17 million, a price-to-earnings ratio of -16.42 and a beta of 2.71. MoneyLion has a one year low of $7.50 and a one year high of $87.00.

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

Insider Activity

In related news, insider Timmie Hong sold 25,157 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $65.08, for a total transaction of $1,637,217.56. Following the completion of the transaction, the insider now owns 131,557 shares in the company, valued at approximately $8,561,729.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Richard Correia sold 87,989 shares of the company's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $65.18, for a total transaction of $5,735,123.02. Following the transaction, the chief financial officer now directly owns 262,481 shares of the company's stock, valued at approximately $17,108,511.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Timmie Hong sold 25,157 shares of the firm's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $65.08, for a total value of $1,637,217.56. Following the completion of the sale, the insider now directly owns 131,557 shares of the company's stock, valued at approximately $8,561,729.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 149,111 shares of company stock worth $9,789,064. Corporate insiders own 14.10% of the company's stock.

Hedge Funds Weigh In On MoneyLion

Several hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC acquired a new stake in MoneyLion during the 4th quarter worth about $35,000. Bank of New York Mellon Corp raised its stake in shares of MoneyLion by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 452,478 shares of the company's stock worth $257,000 after purchasing an additional 1,902 shares during the last quarter. Orion Capital Management LLC acquired a new stake in shares of MoneyLion during the third quarter worth about $50,000. Hsbc Holdings PLC purchased a new stake in MoneyLion in the fourth quarter valued at approximately $205,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in MoneyLion in the 4th quarter worth approximately $248,000. Institutional investors and hedge funds 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.