MoneyLion (NYSE:ML) Issues Quarterly Earnings Results, Beats Estimates By $0.89 EPS

MoneyLion (NYSE:ML) posted its quarterly earnings results on Tuesday. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.89, Briefing.com reports. The firm had revenue of $121.00 million during the quarter, compared to analysts’ expectations of $116.32 million. MoneyLion had a negative net margin of 10.69% and a negative return on equity of 11.19%. The firm’s revenue for the quarter was up 29.1% on a year-over-year basis. During the same period in the prior year, the company posted ($1.29) earnings per share.

MoneyLion Price Performance

NYSE:ML traded up $0.91 during trading hours on Thursday, reaching $78.55. 52,701 shares of the company were exchanged, compared to its average volume of 168,515. The firm has a market cap of $826.35 million, a price-to-earnings ratio of -16.25 and a beta of 2.68. MoneyLion has a 52-week low of $9.73 and a 52-week high of $87.00. The stock has a 50 day simple moving average of $68.77 and a 200 day simple moving average of $53.08.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

ML has been the topic of several recent analyst reports. TheStreet upgraded shares of MoneyLion from a “d” rating to a “c-” rating in a research report on Thursday, March 7th. Lake Street Capital upped their target price on shares of MoneyLion from $75.00 to $109.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Needham & Company LLC upped their target price on shares of MoneyLion from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Craig Hallum upped their target price on shares of MoneyLion from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $78.60.

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.