MoneyLion (NYSE:ML) Price Target Increased to $109.00 by Analysts at Lake Street Capital

MoneyLion (NYSE:ML) had its price target upped by Lake Street Capital from $75.00 to $109.00 in a research report report published on Monday, Benzinga reports. Lake Street Capital currently has a buy rating on the stock.

ML has been the topic of several other research reports. TheStreet upgraded shares of MoneyLion from a d rating to a c- rating in a research report on Thursday, March 7th. Needham & Company LLC initiated coverage on MoneyLion in a report on Wednesday, April 3rd. They set a buy rating and a $90.00 target price on the stock. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of Buy and a consensus target price of $66.60.

MoneyLion Stock Performance

NYSE ML opened at $72.45 on Monday. The stock has a market cap of $762.17 million, a P/E ratio of -15.13 and a beta of 2.71. MoneyLion has a fifty-two week low of $7.50 and a fifty-two week high of $87.00. The stock has a 50 day simple moving average of $61.62 and a two-hundred day simple moving average of $47.36.

MoneyLion (NYSE:ML) last announced its earnings results on Thursday, March 7th. The company reported ($0.39) EPS for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.20. The company had revenue of $112.96 million during the quarter, compared to the consensus estimate of $113.50 million. MoneyLion had a negative return on equity of 11.19% and a negative net margin of 10.69%. During the same quarter in the prior year, the company earned ($3.00) earnings per share. Sell-side analysts predict that MoneyLion will post -0.06 earnings per share for the current year.

Insider Buying and Selling

In other MoneyLion news, CFO Richard Correia sold 87,989 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $65.18, for a total transaction of $5,735,123.02. Following the completion of the transaction, the chief financial officer now owns 262,481 shares of the company’s stock, valued at $17,108,511.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Richard Correia sold 87,989 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $65.18, for a total value of $5,735,123.02. Following the sale, the chief financial officer now directly owns 262,481 shares of the company’s stock, valued at $17,108,511.58. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeff Gary sold 945 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $61.10, for a total value of $57,739.50. Following the transaction, the director now owns 7,731 shares of the company’s stock, valued at $472,364.10. The disclosure for this sale can be found here. Insiders have sold 149,111 shares of company stock valued at $9,789,064 over the last quarter. Corporate insiders own 14.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC bought a new position in MoneyLion during the fourth quarter valued at approximately $35,000. Bank of New York Mellon Corp lifted its holdings in shares of MoneyLion by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 452,478 shares of the company’s stock valued at $257,000 after buying an additional 1,902 shares during the period. Orion Capital Management LLC purchased a new position in shares of MoneyLion in the 3rd quarter worth $50,000. Hsbc Holdings PLC purchased a new position in shares of MoneyLion in the 4th quarter worth $205,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of MoneyLion in the fourth quarter worth $248,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

MoneyLion Company Profile

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.