MoneyLion (NYSE:ML) Shares Down 4.3%

MoneyLion Inc. (NYSE:ML - Get Free Report) was down 4.3% during mid-day trading on Monday . The company traded as low as $67.85 and last traded at $67.91. 57,604 shares traded hands during trading, a decline of 65% from the average daily volume of 166,562 shares. The stock had previously closed at $70.93.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Lake Street Capital boosted their price target on MoneyLion from $75.00 to $109.00 and gave the company a "buy" rating in a report on Monday, April 15th. TheStreet upgraded MoneyLion from a "d" rating to a "c-" rating in a research note on Thursday, March 7th. Finally, Needham & Company LLC initiated coverage on MoneyLion in a research report on Wednesday, April 3rd. They set a "buy" rating and a $90.00 target price on the stock. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $66.60.

MoneyLion Stock Performance

The stock's fifty day simple moving average is $65.83 and its two-hundred day simple moving average is $50.84. The company has a market cap of $700.32 million, a price-to-earnings ratio of -13.90 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 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 for the quarter, compared to analyst estimates of $113.50 million. During the same period last year, the company posted ($3.00) EPS. Analysts predict that MoneyLion Inc. will post -0.06 EPS for the current fiscal year.

Insider Activity

In other MoneyLion news, insider Timmie Hong sold 25,157 shares of MoneyLion 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 transaction, the insider now directly owns 131,557 shares of the company's stock, valued at $8,561,729.56. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Jeff Gary sold 945 shares of the company's stock in a transaction dated 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 owns 7,731 shares of the company's stock, valued at $472,364.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Timmie Hong sold 25,157 shares of the stock in a transaction dated Tuesday, March 12th. The shares were 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 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. Insiders have sold 149,111 shares of company stock valued at $9,789,064 in the last three months. Corporate insiders own 14.10% of the company's stock.

Hedge Funds Weigh In On MoneyLion

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new position in MoneyLion in the 4th quarter valued at about $35,000. Orion Capital Management LLC acquired a new position in shares of MoneyLion in the third quarter worth about $50,000. B. Riley Wealth Advisors Inc. purchased a new position in MoneyLion in the fourth quarter valued at about $248,000. Intellectus Partners LLC acquired a new stake in MoneyLion during the 4th quarter valued at approximately $334,000. Finally, HighTower Advisors LLC increased its holdings in MoneyLion by 15.8% during the 3rd quarter. HighTower Advisors LLC now owns 37,346 shares of the company's stock worth $808,000 after purchasing an additional 5,100 shares during the last quarter. Hedge funds and other institutional investors 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.