MoneyLion (NYSE:ML) Shares Gap Down to $59.70

MoneyLion Inc. (NYSE:ML)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $59.70, but opened at $53.51. MoneyLion shares last traded at $48.00, with a volume of 464,251 shares.

Analyst Upgrades and Downgrades

A number of research firms have commented on ML. Lake Street Capital raised their price target on shares of MoneyLion from $75.00 to $109.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Craig Hallum upped their target price on MoneyLion from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of MoneyLion in a research report on Monday, June 24th. Finally, B. Riley restated a “buy” rating and issued a $133.00 price objective on shares of MoneyLion in a research note on Tuesday, June 25th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $101.00.

MoneyLion Trading Down 17.9 %

The business’s fifty day moving average is $77.44 and its 200 day moving average is $69.02. The company has a market cap of $515.28 million, a P/E ratio of -14.83 and a beta of 2.74.

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

Insider Buying and Selling at MoneyLion

In other news, insider Timmie Hong sold 7,437 shares of the business’s stock in a transaction dated 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 owns 119,482 shares of the company’s stock, valued at approximately $10,515,610.82. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Timmie Hong sold 7,437 shares of MoneyLion stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $88.01, for a total value of $654,530.37. Following the transaction, the insider now directly owns 119,482 shares of the company’s stock, valued at $10,515,610.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Richard Correia sold 6,778 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $81.28, for a total transaction of $550,915.84. Following the sale, the chief financial officer now directly owns 256,318 shares of the company’s stock, valued at approximately $20,833,527.04. The disclosure for this sale can be found here. Insiders sold a total of 97,185 shares of company stock worth $8,336,133 over the last three months. Company insiders own 14.10% of the company’s stock.

Institutional Trading of MoneyLion

Several large investors have recently modified their holdings of the company. Intellectus Partners LLC purchased a new position in shares of MoneyLion in the fourth quarter valued at $334,000. Jump Financial LLC bought a new stake in shares of MoneyLion in the 4th quarter worth about $1,148,000. Trexquant Investment LP bought a new stake in shares of MoneyLion in the 4th quarter worth about $1,251,000. Tower Research Capital LLC TRC bought a new position in shares of MoneyLion in the 4th quarter valued at about $35,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in MoneyLion in the fourth quarter worth about $248,000. 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.