MoneyLion (NYSE:ML) Research Coverage Started at Oppenheimer

Oppenheimer assumed coverage on shares of MoneyLion (NYSE:ML) in a report published on Tuesday, Marketbeat reports. The brokerage issued a market perform rating on the stock.

ML has been the topic of several other reports. Needham & Company LLC dropped their target price on MoneyLion from $100.00 to $70.00 and set a buy rating on the stock in a report on Wednesday, August 7th. B. Riley restated a buy rating and set a $133.00 price objective on shares of MoneyLion in a report on Tuesday, June 25th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Buy and a consensus price target of $95.00.

MoneyLion Price Performance

MoneyLion stock opened at $37.03 on Tuesday. The stock’s 50-day moving average is $46.29 and its 200-day moving average is $66.10. The company has a market cap of $389.48 million, a price-to-earnings ratio of -12.77 and a beta of 2.69. MoneyLion has a 12 month low of $17.40 and a 12 month high of $106.82.

MoneyLion (NYSE:ML) last announced its earnings results on Tuesday, August 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.27. The business had revenue of $130.90 million for the quarter, compared to the consensus estimate of $127.03 million. MoneyLion had a return on equity of 0.72% and a net margin of 0.40%. The company’s revenue was up 22.9% on a year-over-year basis. During the same period last year, the business posted ($0.42) EPS. Research analysts anticipate that MoneyLion will post 1.4 EPS for the current year.

Insider Transactions at MoneyLion

In other news, insider Timmie Hong sold 2,334 shares of MoneyLion stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $42.34, for a total value of $98,821.56. Following the completion of the transaction, the insider now owns 105,857 shares in the company, valued at approximately $4,481,985.38. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Diwakar Choubey sold 17,647 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $86.56, for a total transaction of $1,527,524.32. Following the completion of the transaction, the chief executive officer now owns 736,513 shares in the company, valued at approximately $63,752,565.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timmie Hong sold 2,334 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $42.34, for a total value of $98,821.56. Following the transaction, the insider now owns 105,857 shares of the company’s stock, valued at approximately $4,481,985.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,737 shares of company stock worth $4,028,078. 14.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ML. Divisadero Street Capital Management LP acquired a new position in MoneyLion during the 2nd quarter worth $13,427,000. Bank of Montreal Can raised its stake in shares of MoneyLion by 2,060.1% in the 2nd quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock worth $7,864,000 after buying an additional 98,680 shares in the last quarter. Driehaus Capital Management LLC raised its stake in shares of MoneyLion by 77.1% in the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock worth $16,288,000 after buying an additional 96,433 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of MoneyLion by 64.2% in the 2nd quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock worth $15,747,000 after buying an additional 83,700 shares in the last quarter. Finally, Hood River Capital Management LLC acquired a new stake in shares of MoneyLion during the first quarter worth $3,742,000. Institutional investors and hedge funds 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.