MoneyLion (NYSE:ML) Receives “Hold” Rating from Needham & Company LLC

MoneyLion (NYSE:ML)‘s stock had its “hold” rating reaffirmed by analysts at Needham & Company LLC in a report released on Wednesday,Benzinga reports. They currently have a $100.00 target price on the stock. Needham & Company LLC’s price objective suggests a potential upside of 13.61% from the stock’s current price.

ML has been the topic of a number of other reports. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Thursday, November 7th. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Northland Capmk raised MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Northland Securities increased their price objective on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $97.86.

MoneyLion Price Performance

Shares of MoneyLion stock opened at $88.02 on Wednesday. MoneyLion has a 1 year low of $36.65 and a 1 year high of $106.82. The company has a 50-day moving average of $63.07 and a 200 day moving average of $62.68. The firm has a market cap of $977.11 million, a price-to-earnings ratio of 400.09 and a beta of 3.08.

Insider Activity at MoneyLion

In other MoneyLion news, insider Timmie Hong sold 2,504 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $48.35, for a total transaction of $121,068.40. Following the completion of the sale, the insider now directly owns 103,353 shares of the company’s stock, valued at approximately $4,997,117.55. This represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mark Torossian sold 328 shares of MoneyLion stock in a transaction on Friday, November 8th. The stock was sold at an average price of $80.00, for a total transaction of $26,240.00. Following the transaction, the chief accounting officer now owns 20,409 shares in the company, valued at $1,632,720. This represents a 1.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,872 shares of company stock worth $8,998,024 over the last quarter. Company insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On MoneyLion

A number of institutional investors have recently bought and sold shares of ML. Marshall Wace LLP boosted its position in shares of MoneyLion by 24.1% in the second quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after purchasing an additional 46,611 shares during the period. Driehaus Capital Management LLC lifted its stake in shares of MoneyLion by 77.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock valued at $16,288,000 after buying an additional 96,433 shares in the last quarter. Renaissance Technologies LLC increased its stake in MoneyLion by 64.2% in the 2nd quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock worth $15,747,000 after buying an additional 83,700 shares in the last quarter. Divisadero Street Capital Management LP bought a new stake in MoneyLion during the second quarter valued at about $13,427,000. Finally, State Street Corp raised its holdings in MoneyLion by 3.1% during the third quarter. State Street Corp now owns 169,694 shares of the company’s stock valued at $7,051,000 after acquiring an additional 5,108 shares during the period. 31.43% of the stock is owned by institutional investors.

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.