MoneyLion (ML) Set to Announce Earnings on Tuesday

MoneyLion (NYSE:ML) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.29) per share for the quarter. MoneyLion has set its Q1 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

MoneyLion (NYSE:ML) last posted its quarterly earnings data 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 the consensus estimate 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 period last year, the firm posted ($3.00) earnings per share. On average, analysts expect MoneyLion to post $0 EPS for the current fiscal year and $4 EPS for the next fiscal year.

MoneyLion Stock Up 3.0 %

ML opened at $71.06 on Friday. The company has a market cap of $747.55 million, a PE ratio of -14.84 and a beta of 2.68. MoneyLion has a twelve month low of $9.73 and a twelve month high of $87.00. The company has a 50-day moving average price of $67.42 and a 200 day moving average price of $51.75.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ML. Lake Street Capital raised their target price on MoneyLion from $75.00 to $109.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Needham & Company LLC initiated coverage on shares of MoneyLion in a report on Wednesday, April 3rd. They issued a “buy” rating and a $90.00 price objective for the company. Finally, TheStreet upgraded MoneyLion from a “d” rating to a “c-” rating in a report on Thursday, March 7th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $66.60.

Insider Activity at MoneyLion

In other news, Director Jeff Gary sold 945 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $61.10, for a total transaction of $57,739.50. Following the completion of the sale, the director now owns 7,731 shares in the company, valued at approximately $472,364.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other MoneyLion news, Director Jeff Gary sold 945 shares of MoneyLion stock in a transaction 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 $472,364.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timmie Hong sold 25,157 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $65.08, for a total value of $1,637,217.56. Following the transaction, the insider now owns 131,557 shares of the company’s stock, valued at $8,561,729.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 149,111 shares of company stock valued at $9,789,064. 14.10% of the stock is owned by company insiders.

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.