MoneyLion Inc. (NYSE:ML) FY 2022 EPS Estimates Cut By Analyst
MONEYLION INC. (NYSE:ML – GET RATING) – The equity analysts at Cantor Fitzgerald released their estimates of fiscal 2022 earnings per share (EPS) for MoneyLion in a research report released to clients and investors on Monday, August 22 was lowered. Cantor Fitzgerald analyst J. Siegler now forecasts that the company will earn ($0.35) per share for the year, down from its previous forecast of ($0.24). The consensus estimate for MoneyLion’s current full year earnings is ($0.24) per share. Cantor Fitzgerald also released estimates for MoneyLion’s fiscal 2023 earnings of ($0.33) per share.
Separately, Loop Capital began reporting on MoneyLion in a research note on Monday, June 27. They issued a “buy” rating and a price target of $5.00 on the stock.
MoneyLion price performance
NYSE ML opened at $1.61 on Wednesday. MoneyLion has a 12-month low of $1.17 and a 12-month high of $11.34. The stock’s 50-day moving average price is $1.62 and its 200-day moving average price is $1.91.
Institutional inflows and outflows
A number of institutional investors have been buying and selling ML stock recently. CTC Capital Management LLC bought a new position in MoneyLion stock valued at approximately $27,000 during the first quarter. Wealthspire Advisors LLC bought a new position in shares of MoneyLion worth approximately $41,000 during the second quarter. Strs Ohio bought a new position in MoneyLion stock worth about $44,000 during the second quarter. Kore Private Wealth LLC bought a new position in shares of MoneyLion worth about $46,000 during the second quarter. Finally, during the fourth quarter, CIBC Asset Management Inc bought a new position in shares of MoneyLion worth about $48,000. Institutional investors own 33.85% of the company’s shares.
MoneyLion Inc offers a digital finance platform. The Company’s platform provides clients with access to banking, borrowing and investment solutions. Major products include Roarmoney Premium Mobile Banking, Personalized Investing, Cryptocurrency, Instacash, Membership Programs, Financial Tracking Tools, Online Financial Education Content Destination, Connected Marketing Programs, Unsecured Personal Loans and Credit Decision Support.
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