MoneyLion (NYSE:ML) Issues Earnings Results

MoneyLion (NYSE:ML) released its quarterly earnings results on Tuesday. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.89, Briefing.com reports. MoneyLion had a negative net margin of 10.69% and a negative return on equity of 11.19%. The business had revenue of $121.00 million for the quarter, compared to analysts’ expectations of $116.32 million. During the same period last year, the business earned ($1.29) EPS. The company’s revenue was up 29.1% compared to the same quarter last year.

MoneyLion Stock Up 6.0 %

Shares of ML stock traded up $4.31 on Wednesday, hitting $75.84. The company had a trading volume of 156,073 shares, compared to its average volume of 169,194. MoneyLion has a twelve month low of $9.73 and a twelve month high of $87.00. The firm has a market cap of $797.84 million, a P/E ratio of -15.06 and a beta of 2.68. The company has a 50-day moving average price of $68.20 and a 200-day moving average price of $52.91.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Needham & Company LLC raised their price objective on MoneyLion from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday. TheStreet upgraded shares of MoneyLion from a “d” rating to a “c-” rating in a report on Thursday, March 7th. Craig Hallum boosted their price objective on shares of MoneyLion from $100.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Lake Street Capital raised their target price on MoneyLion from $75.00 to $109.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, MoneyLion has an average rating of “Buy” and a consensus target price of $78.60.

Insider Buying and Selling

In other MoneyLion news, Director Jeff Gary sold 945 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $61.10, for a total value of $57,739.50. Following the sale, the director now owns 7,731 shares in the company, valued at approximately $472,364.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other MoneyLion news, Director Jeff Gary sold 945 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $61.10, for a total value of $57,739.50. Following the completion of the transaction, the director now owns 7,731 shares in the company, valued at $472,364.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Diwakar Choubey sold 20,207 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $65.08, for a total transaction of $1,315,071.56. Following the sale, the chief executive officer now directly owns 805,362 shares in the company, valued at $52,412,958.96. The disclosure for this sale can be found here. Insiders have sold a total of 149,111 shares of company stock valued at $9,789,064 over the last ninety days. Company insiders own 14.10% 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.