MoneyLion (NYSE:ML) Sets New 52-Week High at $76.70

MoneyLion Inc. (NYSE:ML)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $76.70 and last traded at $76.05, with a volume of 103695 shares. The stock had previously closed at $74.24.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ML shares. Lake Street Capital began coverage on shares of MoneyLion in a research report on Tuesday, December 19th. They issued a “buy” rating and a $75.00 price objective on the stock. Craig Hallum lifted their target price on shares of MoneyLion from $30.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, December 12th. Cantor Fitzgerald increased their price target on shares of MoneyLion from $30.00 to $58.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Finally, TheStreet raised MoneyLion from a “d” rating to a “c-” rating in a report on Thursday, March 7th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $52.25.

MoneyLion Stock Performance

The company has a market capitalization of $750.29 million, a PE ratio of -15.13 and a beta of 2.64. The firm’s 50-day simple moving average is $54.77 and its 200 day simple moving average is $42.35.

MoneyLion (NYSE:ML) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.39) EPS 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 for the quarter, compared to the consensus estimate of $113.50 million. During the same quarter in the previous year, the firm earned ($3.00) earnings per share. As a group, equities analysts anticipate that MoneyLion Inc. will post -0.06 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Timmie Hong sold 25,157 shares of the business’s 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 sale, the insider now directly owns 131,557 shares in the company, valued at approximately $8,561,729.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Richard Correia sold 87,989 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $65.18, for a total value of $5,735,123.02. Following the sale, the chief financial officer now owns 262,481 shares of the company’s stock, valued at approximately $17,108,511.58. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Timmie Hong sold 25,157 shares of the firm’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 transaction, the insider now directly 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 a total of 149,111 shares of company stock worth $9,789,064 in the last quarter. Company insiders own 14.10% of the company’s stock.

Institutional Trading of MoneyLion

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new stake in MoneyLion during the fourth quarter worth approximately $35,000. Bank of New York Mellon Corp lifted its position in MoneyLion by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 452,478 shares of the company’s stock worth $257,000 after buying an additional 1,902 shares during the period. Orion Capital Management LLC acquired a new stake in MoneyLion in the 3rd quarter worth about $50,000. Hsbc Holdings PLC purchased a new stake in MoneyLion in the 4th quarter valued at about $205,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of MoneyLion during the 4th quarter valued at about $248,000. 31.43% of the stock is currently owned by hedge funds and other institutional investors.

MoneyLion Company Profile

MoneyLion Inc provides a digital financial platform. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include roarmoney, a digital demand deposit account; instacash, a cash advance product that gives customers early access to their recurring income deposits; Credit Builder Plus; MoneyLion Investing, an online investment account that offers access to separately managed accounts invested based on model exchange-traded fund portfolios; and MoneyLion Crypto, an online cryptocurrency account.