FMP
Dec 12, 2024
On December 11, 2024, Jacob Stephan from Lake Street set a price target of $82 for MoneyLion (NYSE: ML). At that time, the stock was trading at $88.02, showing a price difference of about -6.84% from the target. MoneyLion is a fintech company that offers personal finance services, including credit-building and financial management, to over 18 million users.
Monteverde & Associates PC is investigating the proposed merger between MoneyLion and Gen Digital Inc. This merger agreement states that MoneyLion shareholders will receive $82 per share in cash. This aligns with Jacob Stephan's price target, suggesting a fair valuation for the shareholders. The investigation aims to ensure shareholders are treated fairly in this transaction.
Gen Digital, known for owning Norton and Avast, plans to acquire MoneyLion in a deal valued at around $1 billion. This acquisition will allow Gen Digital to expand its consumer finance offerings by integrating MoneyLion's platform. The deal offers a 6.5% premium over MoneyLion's last closing price, as highlighted by Monteverde & Associates PC.
MoneyLion's current stock price is $87.18, reflecting a decrease of 0.84, or approximately -0.95%. The stock has traded between $87.07 and $89.05 today. Over the past year, it has seen a high of $106.82 and a low of $36.65. The company's market capitalization is about $968 million, with a trading volume of 659,315 shares on the NYSE.
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