MoneyLion (NYSE:ML) Upgraded by Northland Capmk to “Strong-Buy”

Northland Capmk upgraded shares of MoneyLion (NYSE:ML) to a strong-buy rating in a research report released on Wednesday, Zacks.com reports.

ML has been the subject of a number of other reports. Oppenheimer started coverage on shares of MoneyLion in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Northland Securities assumed coverage on MoneyLion in a research note on Wednesday. They set an “outperform” rating and a $60.00 price target for the company. Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Needham & Company LLC reissued a “buy” rating and set a $70.00 price objective on shares of MoneyLion in a report on Friday, October 4th. Finally, B. Riley restated a “buy” rating and issued a $133.00 target price on shares of MoneyLion in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, MoneyLion presently has an average rating of “Buy” and an average target price of $89.17.

MoneyLion Stock Up 7.9 %

Shares of NYSE ML opened at $48.14 on Wednesday. The stock’s 50-day simple moving average is $42.87 and its two-hundred day simple moving average is $64.39. MoneyLion has a twelve month low of $17.40 and a twelve month high of $106.82. The firm has a market capitalization of $506.34 million, a P/E ratio of -16.60 and a beta of 2.69.

MoneyLion (NYSE:ML) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.27. MoneyLion had a net margin of 0.40% and a return on equity of 0.72%. The company had revenue of $130.90 million for the quarter, compared to analysts’ expectations of $127.03 million. During the same period in the prior year, the business earned ($0.42) earnings per share. MoneyLion’s revenue for the quarter was up 22.9% compared to the same quarter last year. As a group, research analysts anticipate that MoneyLion will post 1.33 EPS for the current fiscal year.

Insider Buying and Selling

In other MoneyLion news, insider Timmie Hong sold 2,334 shares of MoneyLion stock in a transaction on Monday, September 16th. The shares were sold at an average price of $42.34, for a total value of $98,821.56. Following the completion of the transaction, the insider now directly owns 105,857 shares of the company’s stock, valued at $4,481,985.38. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other MoneyLion news, Director John C. Chrystal bought 5,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of $47.07 per share, with a total value of $235,350.00. Following the transaction, the director now owns 44,967 shares of the company’s stock, valued at approximately $2,116,596.69. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Timmie Hong sold 2,334 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $42.34, for a total value of $98,821.56. Following the sale, the insider now owns 105,857 shares of the company’s stock, valued at $4,481,985.38. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,555 shares of company stock valued at $1,867,689. Corporate insiders own 14.10% of the company’s stock.

Institutional Investors Weigh In On MoneyLion

Large investors have recently modified their holdings of the business. ClariVest Asset Management LLC lifted its position in MoneyLion by 2.6% during the second quarter. ClariVest Asset Management LLC now owns 10,175 shares of the company’s stock valued at $748,000 after purchasing an additional 257 shares during the period. EntryPoint Capital LLC purchased a new position in shares of MoneyLion in the first quarter worth about $70,000. Empowered Funds LLC increased its stake in shares of MoneyLion by 8.2% in the 1st quarter. Empowered Funds LLC now owns 13,896 shares of the company’s stock worth $991,000 after acquiring an additional 1,050 shares during the last quarter. American Century Companies Inc. grew its position in MoneyLion by 26.8% in the second quarter. American Century Companies Inc. now owns 9,808 shares of the company’s stock worth $721,000 after acquiring an additional 2,076 shares during the period. Finally, Quantbot Technologies LP raised its stake in shares of MoneyLion by 69.9% in the 1st quarter. Quantbot Technologies LP now owns 5,167 shares of the company’s stock valued at $369,000 after acquiring an additional 2,125 shares during the period. 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.