MoneyLion (NYSE:ML) Trading 5.4% Higher

Shares of MoneyLion Inc. (NYSE:ML - Get Free Report) shot up 5.4% on Thursday . The stock traded as high as $74.92 and last traded at $74.39. 32,605 shares were traded during trading, a decline of 81% from the average session volume of 171,998 shares. The stock had previously closed at $70.60.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ML. Lake Street Capital began coverage on MoneyLion in a research note on Tuesday, December 19th. They set a "buy" rating and a $75.00 target price for the company. Cantor Fitzgerald boosted 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. Needham & Company LLC began coverage on MoneyLion in a research note on Wednesday. They set a "buy" rating and a $90.00 target price for the company. TheStreet upgraded MoneyLion from a "d" rating to a "c-" rating in a research note on Thursday, March 7th. Finally, Craig Hallum boosted their price objective on MoneyLion from $30.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, December 12th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $59.80.

MoneyLion Price Performance

The stock has a 50 day simple moving average of $56.78 and a two-hundred day simple moving average of $44.07. The company has a market cap of $736.93 million, a PE ratio of -14.76 and a beta of 2.71.

MoneyLion (NYSE:ML - Get Free Report) last released 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 return on equity of 11.19% and a negative net margin of 10.69%. The business had revenue of $112.96 million during the quarter, compared to analysts' expectations of $113.50 million. During the same quarter in the prior year, the business earned ($3.00) earnings per share. As a group, equities analysts anticipate that MoneyLion Inc. will post -0.06 EPS for the current fiscal year.

Insider Transactions at MoneyLion

In related news, insider Timmie Hong sold 25,157 shares of the company's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $65.08, for a total transaction of $1,637,217.56. Following the transaction, the insider now owns 131,557 shares of the company's stock, valued at $8,561,729.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other MoneyLion news, insider Timmie Hong sold 25,157 shares of the company's stock in a transaction on 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 sale, the insider now owns 131,557 shares of the company's stock, valued at $8,561,729.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Diwakar Choubey sold 20,207 shares of the company's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $65.08, for a total value of $1,315,071.56. Following the completion of the sale, the chief executive officer now directly owns 805,362 shares in the company, valued at approximately $52,412,958.96. The disclosure for this sale can be found here. Insiders sold 149,111 shares of company stock worth $9,789,064 over the last 90 days. 14.10% of the stock is currently owned by insiders.

Institutional Trading of MoneyLion

Several large investors have recently bought and sold shares of ML. Tower Research Capital LLC TRC purchased a new stake in shares of MoneyLion in the fourth quarter valued at $35,000. Orion Capital Management LLC purchased a new stake in shares of MoneyLion in the third quarter valued at $50,000. Hsbc Holdings PLC purchased a new stake in shares of MoneyLion in the fourth quarter valued at $205,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of MoneyLion in the fourth quarter valued at $248,000. Finally, Intellectus Partners LLC purchased a new stake in shares of MoneyLion in the fourth quarter valued at $334,000. Institutional investors and hedge funds own 31.43% of the company's stock.

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.