Analysts Set MoneyLion Inc. (NYSE:ML) PT at $52.25

Shares of MoneyLion Inc. (NYSE:ML - Get Free Report) have earned an average recommendation of "Buy" from the five research firms that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have covered the stock in the last year is $59.80.

A number of equities research analysts have issued reports on the stock. TheStreet raised shares of MoneyLion from a "d" rating to a "c-" rating in a report on Thursday, March 7th. Needham & Company LLC initiated coverage on MoneyLion in a research note on Wednesday. They set a "buy" rating and a $90.00 price objective on the stock. Cantor Fitzgerald raised their target price on MoneyLion from $30.00 to $58.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 13th. Craig Hallum upped their price target on MoneyLion from $30.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, December 12th. Finally, Lake Street Capital assumed 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.

MoneyLion Stock Up 5.1 %

ML traded up $3.45 during trading hours on Wednesday, hitting $70.55. The stock had a trading volume of 192,765 shares, compared to its average volume of 174,215. MoneyLion has a 1 year low of $7.50 and a 1 year high of $79.26. The company's fifty day simple moving average is $56.78 and its 200 day simple moving average is $44.07. The stock has a market cap of $742.19 million, a PE ratio of -14.73 and a beta of 2.71.

MoneyLion (NYSE:ML - Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported ($0.39) earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $113.50 million. During the same quarter last year, the business earned ($3.00) earnings per share. As a group, equities analysts expect that MoneyLion will post -0.06 EPS for the current year.

Insider Buying and Selling

In related news, CEO Diwakar Choubey sold 9,338 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.87, for a total value of $680,460.06. Following the transaction, the chief executive officer now directly owns 796,024 shares in the company, valued at $58,006,268.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Jeff Gary sold 945 shares of the stock in a transaction 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 transaction, the director now owns 7,731 shares of the company's stock, valued at $472,364.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Diwakar Choubey sold 9,338 shares of MoneyLion stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.87, for a total value of $680,460.06. Following the sale, the chief executive officer now directly owns 796,024 shares of the company's stock, valued at approximately $58,006,268.88. The disclosure for this sale can be found here. Insiders sold a total of 149,111 shares of company stock worth $9,789,064 over the last ninety days. 14.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MoneyLion

Several institutional investors have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. bought a new stake in shares of MoneyLion in the 4th quarter worth approximately $248,000. Vanguard Group Inc. lifted its stake in MoneyLion by 10.9% in the fourth quarter. Vanguard Group Inc. now owns 229,484 shares of the company's stock worth $14,386,000 after purchasing an additional 22,504 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in MoneyLion during the fourth quarter valued at about $810,000. Barclays PLC bought a new position in shares of MoneyLion during the fourth quarter valued at about $1,162,000. Finally, Bridgeway Capital Management LLC bought a new stake in shares of MoneyLion in the 4th quarter valued at about $805,000. 31.43% of the stock is currently owned by institutional investors.

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.