7,272 Shares in MoneyLion Inc. (NYSE:ML) Purchased by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in shares of MoneyLion Inc. (NYSE:ML - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,272 shares of the company's stock, valued at approximately $302,000. Quantbot Technologies LP owned about 0.07% of MoneyLion as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Covestor Ltd grew its position in MoneyLion by 63.6% during the 3rd quarter. Covestor Ltd now owns 656 shares of the company's stock worth $27,000 after purchasing an additional 255 shares in the last quarter. ClariVest Asset Management LLC boosted its position in shares of MoneyLion by 2.6% in the second quarter. ClariVest Asset Management LLC now owns 10,175 shares of the company's stock worth $748,000 after buying an additional 257 shares during the period. GSA Capital Partners LLP grew its holdings in shares of MoneyLion by 10.4% during the third quarter. GSA Capital Partners LLP now owns 14,427 shares of the company's stock valued at $599,000 after buying an additional 1,360 shares in the last quarter. Empowered Funds LLC raised its position in MoneyLion by 5.2% during the third quarter. Empowered Funds LLC now owns 35,246 shares of the company's stock valued at $1,464,000 after buying an additional 1,742 shares during the period. Finally, American Century Companies Inc. lifted its stake in MoneyLion by 26.8% in the 2nd quarter. American Century Companies Inc. now owns 9,808 shares of the company's stock worth $721,000 after acquiring an additional 2,076 shares in the last quarter. 31.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Northland Capmk upgraded MoneyLion to a "strong-buy" rating in a report on Wednesday, October 16th. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price objective on shares of MoneyLion in a research report on Tuesday, November 26th. Northland Securities increased their target price on shares of MoneyLion from $80.00 to $100.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. Oppenheimer upgraded shares of MoneyLion from a "market perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a report on Thursday, November 7th. Finally, Cantor Fitzgerald raised shares of MoneyLion to a "strong-buy" rating in a research note on Thursday, October 3rd. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $97.86.

Insider Buying and Selling at MoneyLion

In other MoneyLion news, CAO Mark Torossian sold 328 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $80.00, for a total transaction of $26,240.00. Following the completion of the sale, the chief accounting officer now directly owns 20,409 shares in the company, valued at $1,632,720. This represents a 1.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Diwakar Choubey sold 16,080 shares of the firm's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $90.44, for a total value of $1,454,275.20. Following the completion of the sale, the chief executive officer now directly owns 674,025 shares in the company, valued at approximately $60,958,821. This represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 84,872 shares of company stock worth $6,842,524 over the last three months. Corporate insiders own 11.90% of the company's stock.

MoneyLion Price Performance

Shares of ML stock traded down $3.21 on Thursday, hitting $85.86. The company's stock had a trading volume of 158,269 shares, compared to its average volume of 202,205. The stock has a market capitalization of $953.13 million, a price-to-earnings ratio of 400.36 and a beta of 3.08. MoneyLion Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $106.82. The firm's fifty day moving average price is $59.50 and its 200-day moving average price is $62.86.

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.