MoneyLion (NYSE:ML) Hits New 1-Year High at $76.70

MoneyLion Inc. (NYSE:ML) reached a new 52-week high during trading on Tuesday . The company traded as high as $76.70 and last traded at $76.05, with a volume of 103695 shares. The stock had previously closed at $74.24.

Analysts Set New Price Targets

ML has been the topic of a number of research reports. TheStreet upgraded shares of MoneyLion from a “d” rating to a “c-” rating in a report on Thursday, March 7th. Cantor Fitzgerald boosted their price objective on MoneyLion from $30.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Lake Street Capital assumed coverage on MoneyLion in a research report on Tuesday, December 19th. They issued a “buy” rating and a $75.00 price objective on the stock. Finally, Craig Hallum lifted their target price on MoneyLion from $30.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, MoneyLion presently has a consensus rating of “Buy” and an average target price of $52.25.

MoneyLion Price Performance

The business has a 50-day moving average of $54.77 and a two-hundred day moving average of $42.35. The company has a market cap of $750.29 million, a P/E ratio of -15.13 and a beta of 2.64.

MoneyLion (NYSE:ML) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.39) EPS for the quarter, topping the consensus estimate of ($0.59) by $0.20. MoneyLion had a negative net margin of 10.69% and a negative return on equity of 11.19%. The firm had revenue of $112.96 million during the quarter, compared to analyst estimates of $113.50 million. During the same quarter in the previous year, the business posted ($3.00) EPS. Equities analysts anticipate that MoneyLion Inc. will post -0.06 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Jeff Gary sold 945 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $61.10, for a total transaction of $57,739.50. Following the sale, the director now directly owns 7,731 shares of the company’s stock, valued at $472,364.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Jeff Gary sold 945 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $61.10, for a total value of $57,739.50. Following the completion of the transaction, the director now directly owns 7,731 shares in the company, valued at $472,364.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Diwakar Choubey sold 9,338 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.87, for a total value of $680,460.06. Following the completion of the sale, the chief executive officer now owns 796,024 shares in the company, valued at approximately $58,006,268.88. The disclosure for this sale can be found here. Insiders sold 149,111 shares of company stock worth $9,789,064 in the last three months. Corporate insiders own 14.10% of the company’s stock.

Hedge Funds Weigh In On MoneyLion

Several institutional investors and hedge funds have recently modified their holdings of ML. Tower Research Capital LLC TRC purchased a new position in MoneyLion in the fourth quarter valued at $35,000. Orion Capital Management LLC purchased a new position in shares of MoneyLion in the 3rd quarter valued at about $50,000. Hsbc Holdings PLC acquired a new position in MoneyLion in the 4th quarter worth about $205,000. B. Riley Wealth Advisors Inc. purchased a new position in MoneyLion during the fourth quarter worth approximately $248,000. Finally, Intellectus Partners LLC acquired a new stake in MoneyLion in the fourth quarter valued at approximately $334,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

MoneyLion Company Profile

MoneyLion Inc provides a digital financial platform. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include roarmoney, a digital demand deposit account; instacash, a cash advance product that gives customers early access to their recurring income deposits; Credit Builder Plus; MoneyLion Investing, an online investment account that offers access to separately managed accounts invested based on model exchange-traded fund portfolios; and MoneyLion Crypto, an online cryptocurrency account.