MoneyLion (NYSE:ML) Earns “Hold” Rating from Lake Street Capital

MoneyLion (NYSE:ML)‘s stock had its “hold” rating reaffirmed by research analysts at Lake Street Capital in a report issued on Wednesday,Benzinga reports. They currently have a $82.00 price objective on the stock, down from their prior price objective of $109.00. Lake Street Capital’s price objective suggests a potential downside of 6.10% from the company’s current price.

Several other equities research analysts have also recently issued reports on ML. Northland Capmk upgraded shares of MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Northland Securities increased their target price on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Needham & Company LLC reaffirmed a “hold” rating and set a $100.00 target price on shares of MoneyLion in a research note on Wednesday. Cantor Fitzgerald raised shares of MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, MoneyLion has an average rating of “Buy” and a consensus target price of $94.00.

MoneyLion Trading Down 0.8 %

MoneyLion stock traded down $0.69 during midday trading on Wednesday, hitting $87.33. 500,707 shares of the stock were exchanged, compared to its average volume of 209,097. MoneyLion has a fifty-two week low of $36.65 and a fifty-two week high of $106.82. The stock has a market capitalization of $969.45 million, a price-to-earnings ratio of 400.23 and a beta of 3.08. The stock’s 50-day simple moving average is $63.07 and its 200 day simple moving average is $62.68.

Insider Activity

In related news, insider Adam Vanwagner sold 6,165 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $70.00, for a total value of $431,550.00. Following the sale, the insider now owns 103,133 shares of the company’s stock, valued at $7,219,310. This trade represents a 5.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timmie Hong sold 2,504 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $48.35, for a total transaction of $121,068.40. Following the completion of the sale, the insider now directly owns 103,353 shares in the company, valued at approximately $4,997,117.55. This trade represents a 2.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 109,872 shares of company stock valued at $8,998,024. 11.90% of the stock is currently owned by company insiders.

Institutional Trading of MoneyLion

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ML. Covestor Ltd raised its holdings in MoneyLion by 63.6% during the third quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after purchasing an additional 255 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in MoneyLion during the third quarter worth approximately $40,000. FMR LLC increased its holdings in shares of MoneyLion by 154.6% in the 3rd quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after acquiring an additional 637 shares during the period. Quest Partners LLC increased its holdings in shares of MoneyLion by 3,016.7% in the 3rd quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after acquiring an additional 3,801 shares during the period. Finally, Fiducient Advisors LLC acquired a new position in shares of MoneyLion in the 2nd quarter valued at $204,000. Institutional investors and hedge funds 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.