MoneyLion (NYSE:ML) Price Target Raised to $105.00 at Craig Hallum

MoneyLion (NYSE:ML) had its price objective lifted by Craig Hallum from $100.00 to $105.00 in a research report released on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Lake Street Capital raised their target price on shares of MoneyLion from $75.00 to $109.00 and gave the company a buy rating in a research note on Monday, April 15th. TheStreet raised MoneyLion from a d rating to a c- rating in a research note on Thursday, March 7th. Finally, Needham & Company LLC boosted their price objective on MoneyLion from $90.00 to $100.00 and gave the stock a buy rating in a research note on Wednesday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, MoneyLion presently has an average rating of Buy and a consensus target price of $78.60.

MoneyLion Stock Performance

Shares of MoneyLion stock traded up $4.65 on Wednesday, reaching $82.29. 199,455 shares of the company were exchanged, compared to its average volume of 170,279. The company’s 50-day moving average is $68.77 and its two-hundred day moving average is $53.08. The firm has a market cap of $865.69 million, a price-to-earnings ratio of -16.25 and a beta of 2.68. MoneyLion has a 1-year low of $9.73 and a 1-year high of $87.00.

MoneyLion (NYSE:ML) last posted its earnings results on Tuesday, May 7th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of ($0.29) by $0.89. The firm had revenue of $121.00 million during the quarter, compared to analysts’ expectations of $116.32 million. MoneyLion had a negative net margin of 10.69% and a negative return on equity of 11.19%. MoneyLion’s quarterly revenue was up 29.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.29) EPS. As a group, sell-side analysts forecast that MoneyLion will post -0.06 earnings per share for the current year.

Insider Activity

In other news, insider Timmie Hong sold 25,157 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $65.08, for a total value of $1,637,217.56. Following the transaction, the insider now owns 131,557 shares in the company, valued at approximately $8,561,729.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Timmie Hong sold 25,157 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $65.08, for a total transaction of $1,637,217.56. Following the completion of the sale, the insider now directly owns 131,557 shares of the company’s stock, valued at approximately $8,561,729.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard Correia sold 87,989 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $65.18, for a total value of $5,735,123.02. Following the completion of the sale, the chief financial officer now directly owns 262,481 shares of the company’s stock, valued at approximately $17,108,511.58. The disclosure for this sale can be found here. Insiders have sold 149,111 shares of company stock worth $9,789,064 over the last 90 days. 14.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On MoneyLion

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ML. Tower Research Capital LLC TRC acquired a new stake in MoneyLion in the 4th quarter worth $35,000. Orion Capital Management LLC acquired a new position in MoneyLion in the 3rd quarter valued at approximately $50,000. SG Americas Securities LLC acquired a new position in MoneyLion in the 1st quarter valued at approximately $236,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of MoneyLion in the 4th quarter worth approximately $248,000. Finally, Intellectus Partners LLC acquired a new stake in shares of MoneyLion during the 4th quarter worth approximately $334,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

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.