MoneyLion Inc. (NYSE:ML) Receives $92.83 Consensus PT from Brokerages

Shares of MoneyLion Inc. (NYSE:ML) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $92.83.

ML has been the subject of a number of research reports. Needham & Company LLC reiterated a “hold” rating on shares of MoneyLion in a report on Friday, March 7th. B. Riley lowered MoneyLion from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $133.00 to $90.00 in a research report on Wednesday, February 26th.

Insider Activity

In related news, CEO Diwakar Choubey sold 18,506 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $1,614,833.56. Following the sale, the chief executive officer now owns 320,865 shares in the company, valued at approximately $27,998,679.90. This represents a 5.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Mark Torossian sold 1,136 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total value of $99,127.36. Following the transaction, the chief accounting officer now owns 17,476 shares of the company’s stock, valued at $1,524,955.76. This trade represents a 6.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,309 shares of company stock worth $4,716,335 over the last 90 days. Corporate insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of MoneyLion by 6.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 55,087 shares of the company’s stock valued at $2,289,000 after purchasing an additional 3,179 shares during the period. FMR LLC grew its position in shares of MoneyLion by 154.6% during the 3rd quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after buying an additional 637 shares in the last quarter. State Street Corp increased its stake in shares of MoneyLion by 3.1% during the third quarter. State Street Corp now owns 169,694 shares of the company’s stock valued at $7,051,000 after buying an additional 5,108 shares during the period. Barclays PLC raised its holdings in shares of MoneyLion by 52.1% in the third quarter. Barclays PLC now owns 13,821 shares of the company’s stock valued at $575,000 after acquiring an additional 4,735 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in MoneyLion by 5.8% in the third quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock worth $6,948,000 after acquiring an additional 9,106 shares during the period. 31.43% of the stock is currently owned by institutional investors.

MoneyLion Trading Up 0.7 %

Shares of ML opened at $85.84 on Friday. MoneyLion has a 1-year low of $36.65 and a 1-year high of $106.82. The firm’s 50-day moving average price is $86.68 and its 200-day moving average price is $77.81. The firm has a market capitalization of $971.67 million, a price-to-earnings ratio of 390.17 and a beta of 2.94.

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.