By otakuyassine3@gmail.com 
Shares of MoneyLion Inc. (NYSE:ML – Get Free Report) have been given a consensus rating of “Buy” by the eight brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $100.00.
A number of research firms have recently commented on ML. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Thursday, November 7th. Lake Street Capital restated a “hold” rating and set a $82.00 price target (down previously from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Northland Capmk raised MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Northland Securities increased their target price on MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, Needham & Company LLC reaffirmed a “hold” rating and issued a $100.00 price target on shares of MoneyLion in a research note on Wednesday, December 11th.
Check Out Our Latest Stock Report on MoneyLion
MoneyLion Trading Down 0.4 %
Shares of NYSE ML opened at $86.94 on Tuesday. The firm has a market capitalization of $964.98 million, a price-to-earnings ratio of 395.16 and a beta of 3.07. MoneyLion has a one year low of $36.65 and a one year high of $106.82. The business has a fifty day simple moving average of $86.48 and a 200 day simple moving average of $64.15.
Insiders Place Their Bets
In other news, insider Adam Vanwagner sold 6,165 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $70.00, for a total transaction of $431,550.00. Following the transaction, the insider now directly owns 103,133 shares in the company, valued at approximately $7,219,310. This represents a 5.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Diwakar Choubey sold 16,080 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $90.44, for a total transaction of $1,454,275.20. Following the sale, the chief executive officer now directly owns 674,025 shares in the company, valued at $60,958,821. This trade represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,382 shares of company stock valued at $9,847,620. 11.90% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On MoneyLion
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB raised its holdings in MoneyLion by 238.8% during the 4th quarter. Nordea Investment Management AB now owns 30,760 shares of the company’s stock worth $2,653,000 after purchasing an additional 21,681 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of MoneyLion during the third quarter worth approximately $574,000. Geode Capital Management LLC raised its stake in shares of MoneyLion by 5.8% during the third quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock worth $6,948,000 after buying an additional 9,106 shares during the last quarter. Barclays PLC lifted its holdings in 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 buying an additional 4,735 shares during the period. Finally, Bank of Montreal Can boosted its stake in MoneyLion by 2,060.1% in the second quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock valued at $7,864,000 after acquiring an additional 98,680 shares during the last quarter. Institutional investors 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.
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