MoneyLion Inc. (NYSE:ML) Insider Sells $529,202.96 in Stock

MoneyLion Inc. (NYSE:ML) insider Timmie Hong sold 6,094 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $86.84, for a total transaction of $529,202.96. Following the transaction, the insider now owns 86,015 shares of the company’s stock, valued at $7,469,542.60. This represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Timmie Hong also recently made the following trade(s):

• On Wednesday, October 16th, Timmie Hong sold 2,504 shares of MoneyLion stock. The stock was sold at an average price of $48.35, for a total transaction of $121,068.40.

MoneyLion Stock Performance

Shares of MoneyLion stock opened at $86.14 on Thursday. The business’s 50 day moving average price is $68.73 and its 200 day moving average price is $62.45. The company has a market cap of $956.24 million, a price-to-earnings ratio of 391.55 and a beta of 3.08. MoneyLion Inc. has a one year low of $36.65 and a one year high of $106.82.

Wall Street Analyst Weigh In

ML has been the topic of several research analyst reports. Needham & Company LLC reiterated a “hold” rating and issued a $100.00 price objective on shares of MoneyLion in a report on Wednesday, December 11th. Lake Street Capital reaffirmed a “hold” rating and issued a $82.00 price target (down from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Thursday, November 7th. Northland Securities lifted their target price on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $100.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Divisadero Street Capital Management LP purchased a new stake in shares of MoneyLion during the 2nd quarter valued at approximately $13,427,000. Bank of Montreal Can increased its stake in MoneyLion by 2,060.1% during the second quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock worth $7,864,000 after acquiring an additional 98,680 shares during the last quarter. Driehaus Capital Management LLC raised its position in MoneyLion by 77.1% in the second quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock valued at $16,288,000 after purchasing an additional 96,433 shares during the period. Renaissance Technologies LLC lifted its stake in shares of MoneyLion by 64.2% in the 2nd quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock valued at $15,747,000 after purchasing an additional 83,700 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of MoneyLion by 24.1% during the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after purchasing an additional 46,611 shares during the period. Hedge funds and other institutional investors own 31.43% of the company’s stock.

MoneyLion Company Profile

MoneyLion Inc, a financial technology company, provides personalized products and financial content for American consumers. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include RoarMoney, an insured digital demand deposit account; Instacash, a cash advance product that gives customers early access to their recurring income deposits; Credit Builder Plus membership program; MoneyLion Investing, an online investment account that offers access to separately managed accounts invested based on model exchange-traded fund portfolios; Roundups, which provides features designed to encourage customers to establish good saving and investing habits; and MoneyLion Crypto, an online cryptocurrency account.