Analysts Set MoneyLion Inc. (NYSE:ML) Target Price at $92.83

Shares of MoneyLion Inc. (NYSE:ML) have earned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $92.83.

A number of research firms have recently weighed in on ML. Lake Street Capital restated a “hold” rating and issued a $82.00 target price (down from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. B. Riley downgraded shares of MoneyLion from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $133.00 to $90.00 in a report on Wednesday, February 26th. Northland Securities boosted their target price on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, Needham & Company LLC restated a “hold” rating on shares of MoneyLion in a report on Friday, March 7th.

Insider Activity at MoneyLion

In other MoneyLion news, CFO Richard Correia sold 3,502 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $85.76, for a total value of $300,331.52. Following the completion of the sale, the chief financial officer now directly owns 182,570 shares of the company’s stock, valued at $15,657,203.20. The trade was a 1.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Timmie Hong sold 6,254 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $86.39, for a total transaction of $540,283.06. Following the completion of the sale, the insider now directly owns 91,011 shares of the company’s stock, valued at $7,862,440.29. The trade was a 6.43 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 54,309 shares of company stock worth $4,716,335. Insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On MoneyLion

Several hedge funds have recently modified their holdings of ML. GSA Capital Partners LLP lifted its position in shares of MoneyLion by 10.4% in the 3rd quarter. GSA Capital Partners LLP now owns 14,427 shares of the company’s stock worth $599,000 after purchasing an additional 1,360 shares during the period. Empowered Funds LLC lifted its position in shares of MoneyLion by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 35,246 shares of the company’s stock worth $1,464,000 after purchasing an additional 1,742 shares during the period. Quest Partners LLC lifted its position in shares of MoneyLion by 3,016.7% in the 3rd quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock worth $163,000 after purchasing an additional 3,801 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in shares of MoneyLion by 10.7% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 23,765 shares of the company’s stock worth $987,000 after purchasing an additional 2,298 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of MoneyLion by 6.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,087 shares of the company’s stock worth $2,289,000 after purchasing an additional 3,179 shares during the period. Hedge funds and other institutional investors own 31.43% of the company’s stock.

MoneyLion Stock Down 0.5 %

MoneyLion stock opened at $87.86 on Wednesday. The company’s 50-day moving average price is $86.86 and its 200-day moving average price is $71.93. MoneyLion has a twelve month low of $36.65 and a twelve month high of $106.82. The company has a market cap of $994.52 million, a PE ratio of 399.34 and a beta of 3.04.

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.