MoneyLion (NYSE:ML) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of MoneyLion (NYSE:ML) in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has a $100.00 target price on the stock.

Other research analysts have also recently issued reports about the stock. Northland Securities lifted their price target on shares of MoneyLion from $60.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Cantor Fitzgerald raised shares of MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Thursday, November 7th. Finally, Northland Capmk raised MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $97.86.

MoneyLion Stock Up 5.9 %

NYSE:ML opened at $91.70 on Tuesday. The firm’s fifty day simple moving average is $56.82 and its 200 day simple moving average is $62.77. The stock has a market cap of $1.02 billion, a P/E ratio of 416.82 and a beta of 2.67. MoneyLion has a twelve month low of $36.65 and a twelve month high of $106.82.

Insider Transactions at MoneyLion

In related news, insider Adam Vanwagner sold 2,994 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $79.40, for a total transaction of $237,723.60. Following the completion of the transaction, the insider now owns 90,635 shares in the company, valued at $7,196,419. The trade was a 3.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timmie Hong sold 2,334 shares of MoneyLion stock in a transaction 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 sale, the insider now owns 105,857 shares of the company’s stock, valued at approximately $4,481,985.38. This trade represents a 2.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,680 shares of company stock worth $4,120,514. 11.90% of the stock is currently owned by company insiders.

Institutional Trading of MoneyLion

A number of large investors have recently modified their holdings of the company. Marshall Wace LLP increased its position in MoneyLion by 24.1% during the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock valued at $17,675,000 after purchasing an additional 46,611 shares during the period. Vanguard Group Inc. increased its holdings in MoneyLion by 1.4% during the first quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock valued at $16,588,000 after buying an additional 3,107 shares during the period. Driehaus Capital Management LLC raised its stake in MoneyLion by 77.1% in the second 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 lifted its holdings in MoneyLion by 64.2% during the second 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 during the period. Finally, Divisadero Street Capital Management LP bought a new stake in MoneyLion during the 2nd quarter valued at $13,427,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

About MoneyLion

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.