255,006 Shares in MoneyLion Inc. (NYSE:ML) Purchased by Cooper Creek Partners Management LLC

Cooper Creek Partners Management LLC acquired a new position in shares of MoneyLion Inc. (NYSE:ML - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 255,006 shares of the company's stock, valued at approximately $21,933,000. Cooper Creek Partners Management LLC owned approximately 2.30% of MoneyLion as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in MoneyLion in the fourth quarter valued at about $29,000. FMR LLC boosted its position in MoneyLion by 154.6% during the third quarter. FMR LLC now owns 1,049 shares of the company's stock valued at $44,000 after acquiring an additional 637 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of MoneyLion in the 4th quarter worth about $67,000. KLP Kapitalforvaltning AS acquired a new position in shares of MoneyLion in the 4th quarter valued at about $86,000. Finally, Wells Fargo & Company MN boosted its position in shares of MoneyLion by 16.7% during the 4th quarter. Wells Fargo & Company MN now owns 8,537 shares of the company's stock valued at $734,000 after purchasing an additional 1,220 shares in the last quarter. 31.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ML shares. B. Riley downgraded MoneyLion from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $133.00 to $90.00 in a report on Wednesday, February 26th. Needham & Company LLC reiterated a "hold" rating on shares of MoneyLion in a research report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $92.83.

Remove Ads

Insider Buying and Selling

In other MoneyLion news, CEO Diwakar Choubey sold 18,506 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total value of $1,614,833.56. Following the completion of the sale, the chief executive officer now directly owns 320,865 shares of the company's stock, valued at approximately $27,998,679.90. This represents a 5.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Timmie Hong sold 1,365 shares of MoneyLion stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $85.76, for a total transaction of $117,062.40. Following the transaction, the insider now directly owns 95,395 shares in the company, valued at approximately $8,181,075.20. This represents a 1.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,309 shares of company stock worth $4,716,335 in the last quarter. Insiders own 11.90% of the company's stock.

MoneyLion Price Performance

Shares of NYSE:ML traded up $0.59 during trading on Tuesday, reaching $85.84. 347,869 shares of the stock were exchanged, compared to its average volume of 213,509. The firm has a market cap of $971.67 million, a price-to-earnings ratio of 390.17 and a beta of 2.94. The stock has a fifty day moving average of $86.68 and a two-hundred day moving average of $77.81. MoneyLion Inc. has a 1-year low of $36.65 and a 1-year high of $106.82.

About MoneyLion

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.