MoneyLion (NYSE:ML) Stock Price Down 2.8%

MoneyLion Inc. (NYSE:ML - Get Free Report) shares traded down 2.8% on Tuesday . The company traded as low as $83.10 and last traded at $83.53. 26,133 shares were traded during trading, a decline of 85% from the average session volume of 173,879 shares. The stock had previously closed at $85.92.

Analyst Upgrades and Downgrades

ML has been the topic of a number of recent analyst reports. Lake Street Capital started coverage on MoneyLion in a report on Tuesday, December 19th. They set a "buy" rating and a $75.00 price target on the stock. Craig Hallum lifted their price objective on shares of MoneyLion from $30.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, December 12th. Cantor Fitzgerald increased their target price on shares of MoneyLion from $30.00 to $58.00 and gave the company an "overweight" rating in a research report on Wednesday, December 13th. TheStreet raised shares of MoneyLion from a "d" rating to a "c-" rating in a report on Thursday, March 7th. Finally, Needham & Company LLC initiated coverage on MoneyLion in a report on Wednesday, April 3rd. They set a "buy" rating and a $90.00 price objective for the company. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $59.80.

MoneyLion Price Performance

The stock has a 50 day moving average of $59.14 and a 200 day moving average of $45.78. The firm has a market cap of $829.50 million, a P/E ratio of -16.46 and a beta of 2.71.

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, beating the consensus estimate of ($0.59) by $0.20. The business had revenue of $112.96 million during the quarter, compared to analyst estimates of $113.50 million. MoneyLion had a negative net margin of 10.69% and a negative return on equity of 11.19%. During the same period in the prior year, the business posted ($3.00) earnings per share. On average, research analysts predict that MoneyLion Inc. will post -0.06 EPS for the current fiscal year.

Insider Buying and Selling at MoneyLion

In related news, Director Jeff Gary sold 945 shares of the company'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 transaction of $57,739.50. Following the completion of the transaction, the director now owns 7,731 shares in the company, valued at $472,364.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Diwakar Choubey sold 9,338 shares of the business's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $72.87, for a total transaction of $680,460.06. Following the sale, the chief executive officer now owns 796,024 shares in the company, valued at approximately $58,006,268.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 transaction, the director now owns 7,731 shares of the company's stock, valued at $472,364.10. The disclosure for this sale can be found here. Insiders sold 149,111 shares of company stock valued at $9,789,064 in the last 90 days. Insiders own 14.10% of the company's stock.

Institutional Investors Weigh In On MoneyLion

Several hedge funds have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. purchased a new stake in shares of MoneyLion during the fourth quarter valued at $248,000. Vanguard Group Inc. grew its stake in shares of 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 acquiring an additional 22,504 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of MoneyLion during the fourth quarter valued at approximately $810,000. Barclays PLC bought a new position in MoneyLion during the fourth quarter valued at approximately $1,162,000. Finally, Bridgeway Capital Management LLC purchased a new stake in MoneyLion in the fourth quarter worth approximately $805,000. 31.43% of the stock is owned by institutional investors.

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.