MoneyLion (ML) to Release Quarterly Earnings on Thursday

MoneyLion (NYSE:ML) is expected to issue its quarterly earnings data before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $0.51 per share and revenue of $150.34 million for the quarter.

MoneyLion Stock Performance

NYSE ML opened at $87.44 on Wednesday. MoneyLion has a twelve month low of $36.65 and a twelve month high of $106.82. The stock has a market cap of $970.64 million, a price-to-earnings ratio of 397.44 and a beta of 3.06. The firm’s 50 day moving average price is $86.64 and its two-hundred day moving average price is $68.44.

Insider Transactions at MoneyLion

In related news, CFO Richard Correia sold 3,502 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $85.76, for a total value of $300,331.52. Following the transaction, the chief financial officer now directly owns 182,570 shares in the company, valued at $15,657,203.20. This represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Timmie Hong sold 6,094 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $86.84, for a total transaction of $529,202.96. Following the completion of the transaction, the insider now owns 86,015 shares in the company, valued at $7,469,542.60. This represents a 6.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,403 shares of company stock worth $7,401,038. Corporate insiders own 11.90% of the company’s stock.

Wall Street Analysts Forecast Growth

ML has been the subject of a number of research reports. Lake Street Capital reissued a “hold” rating and set a $82.00 target price (down previously from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Thursday, November 7th. B. Riley lowered shares of MoneyLion from a “buy” rating to a “neutral” rating and decreased their target price for the company from $133.00 to $90.00 in a research note on Wednesday, February 26th. Northland Securities lifted their target price on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, Needham & Company LLC reissued a “hold” rating and set a $100.00 target price on shares of MoneyLion in a research note on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.83.

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.