Brokerages Set MoneyLion Inc. (NYSE:ML) PT at $100.00

Shares of MoneyLion Inc. (NYSE:ML) have been assigned an average rating of “Buy” from the eight analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $100.00.

ML has been the topic of several recent research reports. Northland Capmk raised shares of MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Lake Street Capital reiterated a “hold” rating and issued a $82.00 price objective (down from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Needham & Company LLC reissued a “hold” rating and set a $100.00 target price on shares of MoneyLion in a report on Wednesday, December 11th. Finally, Northland Securities raised their price target on MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th.

MoneyLion Price Performance

Shares of NYSE ML opened at $86.79 on Friday. The stock has a market capitalization of $963.37 million, a PE ratio of 394.50 and a beta of 3.08. MoneyLion has a one year low of $36.65 and a one year high of $106.82. The business’s fifty day moving average price is $78.64 and its 200-day moving average price is $62.33.

Insiders Place Their Bets

In other MoneyLion news, insider Timmie Hong sold 6,094 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $86.84, for a total value of $529,202.96. Following the sale, the insider now owns 86,015 shares of the company’s stock, valued at $7,469,542.60. This trade represents a 6.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Adam Vanwagner sold 6,165 shares of MoneyLion 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 sale, the insider now owns 103,133 shares of the company’s stock, valued at approximately $7,219,310. This trade represents a 5.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,632 shares of company stock worth $9,428,405 in the last three months. 11.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MoneyLion

A number of institutional investors have recently made changes to their positions in the stock. Covestor Ltd lifted its holdings in shares of MoneyLion by 63.6% during the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after acquiring an additional 255 shares during the last quarter. Point72 DIFC Ltd bought a new stake in MoneyLion during the third quarter worth about $40,000. FMR LLC boosted its holdings in shares of MoneyLion by 154.6% in the 3rd quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after purchasing an additional 637 shares in the last quarter. Quest Partners LLC increased its position in shares of MoneyLion by 3,016.7% during the 3rd quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after purchasing an additional 3,801 shares during the last quarter. Finally, Fiducient Advisors LLC bought a new position in shares of MoneyLion during the 2nd quarter valued at about $204,000. Institutional investors own 31.43% of the company’s stock.

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.