MoneyLion downgraded by B. Riley Securities with a new price target
$ML
Finance: Consumer Services
Finance
B. Riley Securities downgraded MoneyLion from Buy to Neutral and set a new price target of $90.00 from $133.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/26/2025 | $133.00 → $90.00 | Buy → Neutral | B. Riley Securities |
| 11/7/2024 | $80.00 | Perform → Outperform | Oppenheimer |
| 10/1/2024 | Perform | Oppenheimer | |
| 4/3/2024 | $90.00 | Buy | Needham |
| 12/19/2023 | $75.00 | Buy | Lake Street |
| 7/27/2023 | $21.00 | Buy | B. Riley Securities |
| 6/27/2022 | $5.00 | Buy | Loop Capital |
| 11/22/2021 | $8.00 | Overweight | Cantor Fitzgerald |
Third Major Exit Since Start of 2025 Leading growth equity firm Edison Partners today announced its exit from MoneyLion (NYSE:ML), following the company's acquisition by Gen Digital Inc. ("Gen") (NASDAQ:GEN), finalized on April 10. Edison Partners was MoneyLion's first institutional investor in 2016, supporting its multi-stage enterprise growth into a global fintech leader of next generation, personalized financial products. Edison has helped MoneyLion transform into a top consumer finance super app with 20 million users, and a premier content, embedded finance, and business-to-consumer financial marketplace platform. "In our persistent drive to identify profitable growth opportunities,
MoneyLion Inc. ("MoneyLion") (NYSE: ML) today announced that its stockholders voted to approve the definitive agreement with Gen Digital Inc. ("Gen Digital") (NASDAQ: GEN). The final voting results for the special meeting will be filed in a Form 8-K with the U.S. Securities and Exchange Commission. As previously announced, under the terms of the definitive agreement, each share of MoneyLion's Class A common stock that is issued and outstanding as of immediately prior to the effective time of the acquisition will be automatically cancelled, extinguished and converted into the right to receive $82.00 in cash, without interest thereon, and one contingent value right that entitles the holder
Total Consideration Including CVR Represents Up to Approximately 80% Premium Over MoneyLion's 60-day VWAP1 Leading Proxy Adviser Glass Lewis Recommends Stockholders Vote FOR Transaction MoneyLion ("MoneyLion") (NYSE:ML) today issued the following letter to shareholders regarding its proposed acquisition by Gen Digital Inc. ("Gen") (NASDAQ:GEN): April 3, 2025 Dear Fellow Shareholders, On Thursday April 10, 2025, we will hold our Special Meeting of Shareholders to vote on the proposed merger with Gen Digital Inc. ("Gen"). Ahead of the meeting, we want to reaffirm the compelling value of the transaction, and why it represents the best path forward for MoneyLion and our shareholders. As y