Streetbeat News

MoneyLion Inc.

https://www.moneylion.com

Industry

Software - Application

MoneyLion Inc. provides a digital financial platform. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include roarmoney premium mobile banking, personalized investing, cryptocurrency, instacash, membership programs, financial tracking tools, online financial education content destination, affiliated marketing programs, unsecured personal loans, and credit-related decision servicing. The company was founded in 2013 and is headquartered in New York, New York.

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Needham analyst Kyle Peterson maintains a Buy rating on MoneyLion (NYSE:ML) but lowers the price target from $100 to $70.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:44 am

MoneyLion shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:22 pm

MoneyLion has projected its FY24 revenue to be between $525 million and $535 million, surpassing the estimated $522.425 million.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 11:35 am

MoneyLion has projected its Q3 revenue to be between $133 million and $138 million, surpassing the estimated $127.025 million.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 11:35 am

MoneyLion (NYSE:ML) reported Q2 2024 GAAP EPS of $0.26, significantly beating the analyst estimate of $0.11. The company also reported sales of $130.8 million, surpassing the $127.025 million estimate and marking a 22.77% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 11:30 am

Selective Insurance Group (NASDAQ:SIGI) shares fell 14.8% after reporting weak quarterly results, missing both earnings and sales estimates. Other notable stock movements include Augmedix (NASDAQ:AUGX) surging 148.8% on acquisition news, and SunPower Corporation (NASDAQ:SPWR) dropping 45.8% following an operational pause and analyst downgrade.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 5:24 pm

Western Alliance Bancorporation (NYSE:WAL) posted upbeat earnings, leading to a 7.2% rise in its stock price. Other notable gainers include Hawaiian Electric Industries (NYSE:HE), Abacus Life Inc (NASDAQ:ABL), and Intuitive Surgical, Inc. (NASDAQ:ISRG). The Dow Jones index fell around 250 points.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 2:30 pm

B. Riley Securities has reiterated its Buy rating on MoneyLion (NYSE:ML) and maintained a price target of $133.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:16 pm

MoneyLion has appointed Jon Kaplan as its first Chief Revenue Officer. Kaplan has a strong background with experience at Pinterest and Google, which could drive growth and innovation at MoneyLion.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 1:12 pm

Five analysts have recently provided ratings for MoneyLion (NYSE:ML), with all ratings being bullish. The average 12-month price target has increased to $100.8, up 10.47% from the previous $91.25. Analysts from Needham, Craig-Hallum, and Lake Street have maintained or raised their price targets, reflecting positive sentiment. MoneyLion has shown strong revenue growth but faces challenges in profitability and return on equity.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 12:00 pm

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