Craig Hallum Raises MoneyLion (NYSE:ML) Price Target to $105.00

MoneyLion (NYSE:ML - Get Free Report) had its price objective boosted by investment analysts at Craig Hallum from $100.00 to $105.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the stock. Craig Hallum's price objective would suggest a potential upside of 34.91% from the company's current price.

ML has been the subject of a number of other reports. Lake Street Capital lifted their price target on shares of MoneyLion from $75.00 to $109.00 and gave the stock a "buy" rating in a research note on Monday, April 15th. Needham & Company LLC boosted their target price on shares of MoneyLion from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, TheStreet upgraded MoneyLion from a "d" rating to a "c-" rating in a research note on Thursday, March 7th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $78.60.

MoneyLion Stock Up 8.8 %

Shares of ML stock traded up $6.30 during mid-day trading on Wednesday, reaching $77.83. 214,809 shares of the company's stock traded hands, compared to its average volume of 169,950. The company's 50-day moving average price is $68.20 and its 200-day moving average price is $52.91. The company has a market cap of $818.77 million, a P/E ratio of -16.03 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 released its earnings results on Tuesday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.89. MoneyLion had a negative net margin of 10.69% and a negative return on equity of 11.19%. The firm had revenue of $121.00 million during the quarter, compared to analyst estimates of $116.32 million. During the same period last year, the business earned ($1.29) earnings per share. The business's revenue was up 29.1% on a year-over-year basis. Equities analysts predict that MoneyLion will post -0.06 earnings per share for the current year.

Insider Transactions at MoneyLion

In other news, Director Jeff Gary sold 945 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $61.10, for a total value of $57,739.50. Following the completion of the sale, the director now directly owns 7,731 shares of the company's stock, valued at approximately $472,364.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Richard Correia sold 87,989 shares of the company's stock in a transaction dated Tuesday, March 12th. The shares were 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 in the company, valued at approximately $17,108,511.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeff Gary sold 945 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $61.10, for a total transaction of $57,739.50. Following the completion of the sale, the director now directly owns 7,731 shares in the company, valued at $472,364.10. 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 three months. Insiders own 14.10% of the company's stock.

Institutional Trading of MoneyLion

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC bought a new stake in shares of MoneyLion during the fourth quarter valued at approximately $35,000. Orion Capital Management LLC bought a new stake in MoneyLion during the 3rd quarter valued at $50,000. SG Americas Securities LLC purchased a new stake in shares of MoneyLion in the 1st quarter worth $236,000. B. Riley Wealth Advisors Inc. bought a new position in shares of MoneyLion during the 4th quarter worth $248,000. Finally, Intellectus Partners LLC purchased a new position in shares of MoneyLion during the fourth quarter valued at $334,000. Hedge funds and other 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.