MoneyLion (NYSE:ML) Trading Down 3.7%

MoneyLion Inc. (NYSE:ML)’s stock price traded down 3.7% during mid-day trading on Wednesday . The company traded as low as $71.89 and last traded at $72.99. 34,555 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 170,592 shares. The stock had previously closed at $75.80.

Analysts Set New Price Targets

ML has been the topic of several recent research reports. Cantor Fitzgerald upped their price objective on MoneyLion from $30.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. Lake Street Capital began coverage on shares of MoneyLion in a report on Tuesday, December 19th. They set a “buy” rating and a $75.00 price target on the stock. Craig Hallum upped their price objective on shares of MoneyLion from $30.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Finally, TheStreet upgraded MoneyLion from a “d” rating to a “c-” rating in a research report on Thursday, March 7th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, MoneyLion presently has a consensus rating of “Buy” and an average target price of $52.25.

MoneyLion Trading Down 1.3 %

The firm’s fifty day moving average is $55.18 and its 200 day moving average is $42.55. The company has a market cap of $750.29 million, a PE ratio of -14.89 and a beta of 2.64.

MoneyLion (NYSE:ML) last announced its earnings results on Thursday, March 7th. The company reported ($0.39) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.59) by $0.20. The business had revenue of $112.96 million for the quarter, compared to analyst estimates of $113.50 million. MoneyLion had a negative net margin of 10.69% and a negative return on equity of 11.19%. During the same quarter last year, the business earned ($3.00) earnings per share. As a group, sell-side analysts anticipate that MoneyLion Inc. will post -0.06 EPS for the current fiscal year.

Insider Transactions at MoneyLion

In related news, CEO Diwakar Choubey sold 9,338 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.87, for a total transaction of $680,460.06. Following the transaction, the chief executive officer now directly owns 796,024 shares in the company, valued at $58,006,268.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Timmie Hong sold 25,157 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $65.08, for a total value of $1,637,217.56. Following the completion of the sale, the insider now owns 131,557 shares of the company’s stock, valued at $8,561,729.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Diwakar Choubey sold 9,338 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.87, for a total transaction of $680,460.06. Following the sale, the chief executive officer now owns 796,024 shares of the company’s stock, valued at $58,006,268.88. The disclosure for this sale can be found here. Insiders have sold 149,111 shares of company stock valued at $9,789,064 over the last ninety days. Insiders own 14.10% of the company’s stock.

Institutional Trading of MoneyLion

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of MoneyLion by 11.0% during the 3rd quarter. Vanguard Group Inc. now owns 6,199,308 shares of the company’s stock valued at $5,533,000 after buying an additional 612,935 shares during the period. PEAK6 Investments LLC grew its position in MoneyLion by 12.3% in the first quarter. PEAK6 Investments LLC now owns 4,315,145 shares of the company’s stock worth $10,831,000 after acquiring an additional 471,848 shares during the period. State Street Corp increased its stake in MoneyLion by 4.7% during the third quarter. State Street Corp now owns 2,791,558 shares of the company’s stock worth $2,492,000 after acquiring an additional 125,746 shares during the last quarter. Geode Capital Management LLC raised its position in MoneyLion by 5.5% in the first quarter. Geode Capital Management LLC now owns 2,457,772 shares of the company’s stock valued at $1,396,000 after purchasing an additional 128,794 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of MoneyLion by 623.9% in the 2nd quarter. Northern Trust Corp now owns 1,299,131 shares of the company’s stock valued at $1,715,000 after purchasing an additional 1,119,676 shares during the last quarter. Hedge funds and other 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.