MoneyLion (NYSE:ML) Earns Hold Rating from Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of MoneyLion (NYSE:ML) in a research report report published on Wednesday, Marketbeat.com reports. The firm currently has a $100.00 target price on the stock.

Other equities analysts have also issued research reports about the stock. Oppenheimer upgraded 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 report on Thursday, November 7th. Northland Capmk upgraded shares of MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Northland Securities upped their price target on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Two equities research 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. Based on data from MarketBeat, MoneyLion presently has an average rating of “Buy” and an average price target of $100.00.

MoneyLion Stock Up 1.4 %

Shares of ML opened at $87.46 on Wednesday. The firm has a 50-day moving average price of $66.00 and a 200 day moving average price of $62.97. The firm has a market capitalization of $970.89 million, a PE ratio of 397.55 and a beta of 3.08. MoneyLion has a 52-week low of $36.65 and a 52-week high of $106.82.

Insider Buying and Selling at MoneyLion

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

Institutional Trading of MoneyLion

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC lifted its position in shares of MoneyLion by 500.7% in the second quarter. SG Americas Securities LLC now owns 19,906 shares of the company’s stock worth $1,464,000 after purchasing an additional 16,592 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of MoneyLion in the second quarter worth approximately $1,776,000. Private Ocean LLC purchased a new stake in shares of MoneyLion in the second quarter worth approximately $238,000. Commonwealth Equity Services LLC purchased a new stake in shares of MoneyLion in the second quarter worth approximately $227,000. Finally, Rhumbline Advisers lifted its position in shares of MoneyLion by 4,346.9% in the second quarter. Rhumbline Advisers now owns 10,895 shares of the company’s stock worth $801,000 after purchasing an additional 10,650 shares in the last quarter. 31.43% of the stock is owned by hedge funds and other institutional investors.

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.