MoneyLion Inc. (NYSE:ML) Receives Consensus Rating of “Buy” from Brokerages

Shares of MoneyLion Inc. (NYSE:ML) have received a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $90.71.

ML has been the subject of a number of recent analyst reports. Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Northland Capmk raised MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Thursday, November 7th. Northland Securities raised their price target on MoneyLion from $60.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $70.00 price objective on shares of MoneyLion in a report on Friday, October 4th.

Insiders Place Their Bets

In related news, insider Timmie Hong sold 2,334 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $42.34, for a total transaction of $98,821.56. Following the transaction, the insider now owns 105,857 shares of the company’s stock, valued at approximately $4,481,985.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other MoneyLion news, insider Timmie Hong sold 2,334 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $42.34, for a total value of $98,821.56. Following the completion of the sale, the insider now directly owns 105,857 shares of the company’s stock, valued at $4,481,985.38. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Adam Vanwagner sold 6,165 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $70.00, for a total value of $431,550.00. Following the transaction, the insider now directly owns 103,133 shares in the company, valued at $7,219,310. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,627 shares of company stock valued at $995,440 over the last quarter. 11.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MoneyLion

A number of large investors have recently bought and sold shares of ML. SG Americas Securities LLC increased 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 valued at $1,464,000 after acquiring an additional 16,592 shares during the period. Sei Investments Co. bought a new stake in shares of MoneyLion in the first quarter worth about $1,070,000. Acadian Asset Management LLC increased its holdings in MoneyLion by 114.3% during the 1st quarter. Acadian Asset Management LLC now owns 45,365 shares of the company’s stock valued at $3,234,000 after purchasing an additional 24,193 shares during the period. Vanguard Group Inc. raised its position in MoneyLion by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock valued at $16,588,000 after purchasing an additional 3,107 shares during the last quarter. Finally, Marshall Wace LLP raised its position in MoneyLion by 24.1% during the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock valued at $17,675,000 after purchasing an additional 46,611 shares during the last quarter. 31.43% of the stock is owned by hedge funds and other institutional investors.

MoneyLion Trading Down 2.5 %

Shares of NYSE:ML opened at $84.37 on Thursday. The company has a 50 day moving average of $45.87 and a 200 day moving average of $61.64. The stock has a market cap of $925.54 million, a P/E ratio of 383.50 and a beta of 2.67. MoneyLion has a 12 month low of $30.81 and a 12 month high of $106.82.

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.