MoneyLion (NYSE:ML) Lowered to “Neutral” Rating by B. Riley

B. Riley cut shares of MoneyLion (NYSE:ML) from a buy rating to a neutral rating in a report issued on Wednesday morning, Marketbeat reports. The brokerage currently has $90.00 price target on the stock, down from their previous price target of $133.00.

A number of other brokerages also recently issued reports on ML. Oppenheimer upgraded shares of 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. Lake Street Capital restated a “hold” rating and issued a $82.00 target price (down previously from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Needham & Company LLC reaffirmed a “hold” rating and set a $100.00 price target on shares of MoneyLion in a research report on Wednesday, December 11th. Finally, Northland Securities lifted their price objective on MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, MoneyLion presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.83.

MoneyLion Price Performance

MoneyLion stock opened at $86.04 on Wednesday. The stock’s 50 day moving average is $86.60 and its 200 day moving average is $67.14. MoneyLion has a one year low of $36.65 and a one year high of $106.82. The firm has a market cap of $955.13 million, a P/E ratio of 391.09 and a beta of 3.06.

Insiders Place Their Bets

In other news, insider Timmie Hong sold 6,094 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $86.84, for a total transaction of $529,202.96. Following the transaction, the insider now owns 86,015 shares of the company’s stock, valued at $7,469,542.60. This represents a 6.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Diwakar Choubey sold 16,080 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $90.44, for a total value of $1,454,275.20. Following the completion of the sale, the chief executive officer now owns 674,025 shares of the company’s stock, valued at approximately $60,958,821. This represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,465 shares of company stock worth $9,486,276. 11.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MoneyLion

Hedge funds and other institutional investors have recently modified their holdings of the company. MMCAP International Inc. SPC acquired a new stake in MoneyLion in the 4th quarter valued at $41,435,000. Cooper Creek Partners Management LLC bought a new position in shares of MoneyLion in the fourth quarter valued at $21,933,000. Tudor Investment Corp ET AL grew its holdings in shares of MoneyLion by 1,825.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 145,003 shares of the company’s stock valued at $12,472,000 after buying an additional 137,473 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of MoneyLion during the fourth quarter worth about $9,828,000. Finally, Nuveen Asset Management LLC increased its position in shares of MoneyLion by 138.7% during the fourth quarter. Nuveen Asset Management LLC now owns 174,585 shares of the company’s stock worth $15,016,000 after acquiring an additional 101,455 shares in the last quarter. 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.