MoneyLion (NYSE:ML) Given “Hold” Rating at Lake Street Capital

MoneyLion (NYSE:ML)‘s stock had its “hold” rating reiterated by Lake Street Capital in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $82.00 price objective on the stock, down from their prior price objective of $109.00. Lake Street Capital’s price target points to a potential downside of 5.02% from the stock’s current price.

Several other brokerages have also issued reports on ML. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Thursday, November 7th. Northland Capmk raised shares of MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Northland Securities boosted their price target on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Needham & Company LLC reissued a “hold” rating and issued a $100.00 price target on shares of MoneyLion in a report on Wednesday. Finally, Cantor Fitzgerald raised shares of MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $94.00.

MoneyLion Stock Down 1.0 %

Shares of ML stock opened at $86.33 on Wednesday. MoneyLion has a 12-month low of $36.65 and a 12-month high of $106.82. The firm has a market capitalization of $958.35 million, a price-to-earnings ratio of 392.41 and a beta of 3.08. The firm has a fifty day moving average of $65.05 and a 200-day moving average of $63.02.

Insider Transactions at MoneyLion

In other news, insider Timmie Hong sold 2,504 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $48.35, for a total value of $121,068.40. Following the sale, the insider now directly owns 103,353 shares of the company’s stock, valued at approximately $4,997,117.55. This represents a 2.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Chris Sugden sold 25,000 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $86.22, for a total transaction of $2,155,500.00. Following the completion of the sale, the director now directly owns 1,062,505 shares in the company, valued at approximately $91,609,181.10. The trade was a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 109,872 shares of company stock worth $8,998,024 in the last three months. Insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Covestor Ltd raised its position in shares of MoneyLion by 63.6% in the third quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after buying an additional 255 shares in the last quarter. Point72 DIFC Ltd bought a new position in MoneyLion in the third quarter valued at approximately $40,000. FMR LLC increased its stake in MoneyLion by 154.6% in the third quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after acquiring an additional 637 shares during the last quarter. Quest Partners LLC increased its stake in MoneyLion by 3,016.7% in the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after acquiring an additional 3,801 shares during the last quarter. Finally, Fiducient Advisors LLC bought a new position in MoneyLion in the second quarter valued at approximately $204,000. 31.43% of the stock is owned by institutional investors.

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.