MoneyLion (NYSE:ML) Receives “Buy” Rating from B. Riley

B. Riley restated their buy rating on shares of MoneyLion (NYSE:ML) in a research report sent to investors on Tuesday morning, Benzinga reports. B. Riley currently has a $133.00 price target on the stock.

A number of other brokerages have also recently weighed in on ML. Needham & Company LLC reiterated a buy rating and set a $100.00 price target on shares of MoneyLion in a research report on Monday, June 24th. Lake Street Capital boosted their price target on shares of MoneyLion from $75.00 to $109.00 and gave the company a buy rating in a report on Monday, April 15th. Craig Hallum increased their price objective on shares of MoneyLion from $100.00 to $105.00 and gave the stock a buy rating in a report on Wednesday, May 8th. Finally, TheStreet upgraded shares of MoneyLion from a d rating to a c- rating in a research report on Thursday, March 7th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of Buy and a consensus price target of $101.00.

MoneyLion Trading Up 2.7 %

ML stock opened at $73.81 on Tuesday. The firm has a market cap of $776.43 million, a P/E ratio of -25.45 and a beta of 2.81. The stock’s 50 day simple moving average is $80.17 and its 200 day simple moving average is $66.46. MoneyLion has a 12-month low of $10.75 and a 12-month high of $106.82.

MoneyLion (NYSE:ML) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.89. MoneyLion had a negative net margin of 6.42% and a negative return on equity of 3.02%. The company had revenue of $121.00 million for the quarter, compared to the consensus estimate of $116.32 million. During the same period last year, the firm posted ($1.29) EPS. The company’s revenue for the quarter was up 29.1% on a year-over-year basis. On average, research analysts forecast that MoneyLion will post 1.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other MoneyLion news, insider Timmie Hong sold 7,437 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $88.01, for a total value of $654,530.37. Following the completion of the sale, the insider now directly owns 119,482 shares in the company, valued at $10,515,610.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other MoneyLion news, insider Timmie Hong sold 7,437 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $88.01, for a total value of $654,530.37. Following the sale, the insider now directly owns 119,482 shares in the company, valued at $10,515,610.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Diwakar Choubey sold 22,738 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $80.95, for a total transaction of $1,840,641.10. Following the completion of the sale, the chief executive officer now directly owns 754,160 shares of the company’s stock, valued at $61,049,252. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,003 shares of company stock worth $6,175,744. 14.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Trexquant Investment LP acquired a new position in shares of MoneyLion in the fourth quarter worth about $1,251,000. Jump Financial LLC purchased a new position in MoneyLion during the 4th quarter worth approximately $1,148,000. Orion Capital Management LLC acquired a new stake in MoneyLion during the 3rd quarter valued at $50,000. HighTower Advisors LLC lifted its holdings in shares of MoneyLion by 15.8% in the third quarter. HighTower Advisors LLC now owns 37,346 shares of the company’s stock valued at $808,000 after purchasing an additional 5,100 shares in the last quarter. Finally, Intellectus Partners LLC acquired a new stake in shares of MoneyLion in the fourth quarter worth $334,000. 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.