MoneyLion Inc. FY 2023 Earnings Guidance Issued by Cantor Fitzgerald (NYSE:ML)
MONEYLION INC. (NYSE:ML – GET RATING) – The equity analysts at Cantor Fitzgerald released their estimates for fiscal year 2023 EPS for shares of MoneyLion in a note issued to investors on Monday, June 6. Cantor Fitzgerald analyst J. Siegler expects the company to report earnings per share of ($0.16) for the year.
Separately, Zacks Investment Research cut shares of MoneyLion from a “hold” rating to a “sell” rating in a research note on Saturday.
NYSE ML shares opened at $1.76 on Wednesday. The company has a 50-day moving average price of $1.89 and a 200-day moving average price of $2.29. MoneyLion has a 52-week low of $1.17 and a 52-week high of $11.34.
Institutional investors and hedge funds have recently changed their stock holdings. OLD Mission Capital LLC acquired a new position in MoneyLion stock valued at $121,000 during the third quarter. Caas Capital Management LP purchased a new position in MoneyLion stock valued at $142,000 during the third quarter. Penserra Capital Management LLC acquired a new position in MoneyLion stock valued at $65,000 during the third quarter. TIG Advisors LLC purchased a new position in MoneyLion stock valued at $130,000 during the third quarter. Finally, Morgan Stanley bought a new position in shares of MoneyLion worth $96,000 during the third quarter. Institutional investors and hedge funds own 33.85% of the company’s shares.
In other MoneyLion news, CEO Diwakar Choubey acquired 100,000 shares of the company’s stock in a transaction on Monday, March 14. The shares were purchased at an average price of $1.98 per share for a total value of $198,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed at this link. In addition, Director Jeff Gary acquired 75,000 shares of the company’s stock in a transaction dated Monday, March 14. The shares were acquired at an average price of $2.03 per share for a total transaction of $152,250.00. The disclosure for this purchase can be found here. Over the past ninety days, insiders have purchased 207,942 shares of the company’s stock valued at $399,334.
About MoneyLion (received rating)
MoneyLion Inc offers a digital financial 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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