MoneyLion (NYSE:ML – Get Rating) issued its earnings results on Thursday. The company reported ($0.10) earnings per share (EPS) for the quarter, reports. MoneyLion had a negative net margin of 28.44% and a negative return on equity of 36.40%. The company had revenue of $94.94 million during the quarter.
MoneyLion Trading Down 1.8 %
MoneyLion stock traded down $0.01 during mid-day trading on Friday, reaching $0.57. The company had a trading volume of 1,061,983 shares, compared to its average volume of 496,799. The stock’s 50-day simple moving average is $0.73 and its 200-day simple moving average is $0.85. MoneyLion has a 1 year low of $0.44 and a 1 year high of $3.04.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of ML. State Street Corp increased its stake in shares of MoneyLion by 652.3% during the 2nd quarter. State Street Corp now owns 2,665,812 shares of the company’s stock worth $3,519,000 after purchasing an additional 2,311,469 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of MoneyLion by 108.2% during the 1st quarter. Vanguard Group Inc. now owns 3,011,296 shares of the company’s stock worth $7,559,000 after purchasing an additional 1,565,022 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of MoneyLion during the 4th quarter worth approximately $870,000. Northern Trust Corp increased its stake in shares of MoneyLion by 623.9% during the 2nd quarter. Northern Trust Corp now owns 1,299,131 shares of the company’s stock worth $1,715,000 after purchasing an additional 1,119,676 shares in the last quarter. Finally, StepStone Group LP increased its stake in shares of MoneyLion by 4.0% during the 4th quarter. StepStone Group LP now owns 25,384,780 shares of the company’s stock worth $17,331,000 after purchasing an additional 974,959 shares in the last quarter. 26.43% of the stock is owned by hedge funds and other institutional investors.
MoneyLion Company Profile
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.
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