MoneyLion (NYSE:ML) Shares Down 4.3%

MoneyLion Inc. (NYSE:ML) fell 4.3% during mid-day trading on Monday . The company traded as low as $67.85 and last traded at $67.91. 57,604 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 166,562 shares. The stock had previously closed at $70.93.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ML shares. Needham & Company LLC assumed coverage on MoneyLion in a research report on Wednesday, April 3rd. They issued a “buy” rating and a $90.00 price target on the stock. TheStreet raised shares of MoneyLion from a “d” rating to a “c-” rating in a research note on Thursday, March 7th. Finally, Lake Street Capital boosted their target price on shares of MoneyLion from $75.00 to $109.00 and gave the company a “buy” rating in a report on Monday, April 15th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $66.60.

MoneyLion Stock Performance

The firm has a 50 day simple moving average of $65.54 and a 200 day simple moving average of $50.52. The firm has a market cap of $700.95 million, a P/E ratio of -14.81 and a beta of 2.71.

MoneyLion (NYSE:ML) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.39) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $112.96 million during the quarter, compared to the consensus estimate of $113.50 million. During the same period in the previous year, the firm posted ($3.00) EPS. Sell-side analysts predict that MoneyLion Inc. will post -0.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other MoneyLion news, CEO Diwakar Choubey sold 9,338 shares of MoneyLion stock in a transaction 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 transaction, the chief executive officer now directly owns 796,024 shares of the company’s stock, valued at approximately $58,006,268.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Mark Torossian sold 2,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $67.59, for a total value of $135,180.00. Following the completion of the sale, the chief accounting officer now owns 23,994 shares of the company’s stock, valued at approximately $1,621,754.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Diwakar Choubey sold 9,338 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.87, for a total value of $680,460.06. Following 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 a total of 149,111 shares of company stock worth $9,789,064 over the last quarter. 14.10% of the stock is currently owned by corporate insiders.

Institutional Trading of MoneyLion

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC acquired a new position in MoneyLion during the 4th quarter worth about $35,000. Orion Capital Management LLC acquired a new position in MoneyLion in the 3rd quarter valued at about $50,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of MoneyLion during the 4th quarter valued at $248,000. Intellectus Partners LLC acquired a new position in shares of MoneyLion during the fourth quarter worth about $334,000. Finally, HighTower Advisors LLC boosted its stake in shares of MoneyLion by 15.8% during the 3rd quarter. HighTower Advisors LLC now owns 37,346 shares of the company’s stock valued at $808,000 after buying an additional 5,100 shares during the last quarter. 31.43% of the stock is owned by institutional investors and hedge funds.

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.