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Mark Torossian, the Chief Accounting Officer of MoneyLion Inc. (NYSE:ML), recently sold shares of the company’s Class A common stock, according to a filing with the Securities and Exchange Commission. The sale, executed under a pre-established trading plan, involved 342 shares at a price of $85.51 each, amounting to a total of $29,244. The transaction comes as MoneyLion shows strong momentum, with the stock up over 80% in the past six months and revenue growing at 23.4% year-over-year. According to InvestingPro analysis, the company appears undervalued despite trading at a P/E of 287x. Following this transaction, Torossian retains ownership of 19,314 shares, which include restricted stock units and performance stock units. The company maintains a healthy financial position with a current ratio of 6.33, indicating strong liquidity. Discover more insights about MoneyLion’s financial health and growth prospects in the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, MoneyLion Inc. reported its fourth-quarter earnings, revealing a revenue of $158.6 million, which exceeded B.Riley’s forecast by over $8 million. The company’s adjusted EBITDA also slightly surpassed expectations, reaching $25.6 million. MoneyLion experienced a notable 40% year-over-year revenue growth, with enterprise revenue accelerating to $61 million, marking an 81% increase compared to the previous year. Despite these positive results, B.Riley analysts downgraded the stock from Buy to Neutral, adjusting the price target from $133 to $90.
In contrast, Craig-Hallum maintained a Buy rating for MoneyLion with a price target of $105, citing expectations of a significant adjusted EBITDA by fiscal year 2025. The Craig-Hallum analyst expressed confidence in MoneyLion’s future performance, highlighting the company’s potential to reach a $37.50 target price that would trigger a contingent value rights payment. This perspective suggests a robust growth trajectory for the company’s adjusted EBITDA, reflecting a premium multiple compared to its peers.
MoneyLion’s overall performance in 2024 showed robust growth, with a 29% increase in revenue and the addition of 6.4 million new customers, achieving GAAP net income positive results. The company’s strategic spending on marketing and other growth investments is expected to support continued expansion. The differing analyst opinions highlight contrasting views on MoneyLion’s potential, with some emphasizing its growth prospects and others exercising caution.
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