Alpine Global Management LLC Makes New Investment in MoneyLion Inc. (NYSE:ML)

Alpine Global Management LLC purchased a new position in shares of MoneyLion Inc. (NYSE:ML - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,308 shares of the company's stock, valued at approximately $2,177,000. Alpine Global Management LLC owned about 0.23% of MoneyLion as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in MoneyLion during the fourth quarter worth about $29,000. FMR LLC increased its holdings in MoneyLion by 154.6% during the 3rd quarter. FMR LLC now owns 1,049 shares of the company's stock worth $44,000 after purchasing an additional 637 shares during the period. New York State Teachers Retirement System purchased a new stake in shares of MoneyLion during the fourth quarter worth approximately $67,000. KLP Kapitalforvaltning AS purchased a new stake in shares of MoneyLion during the 4th quarter worth $86,000. Finally, PFG Investments LLC acquired a new position in shares of MoneyLion during the 4th quarter worth about $215,000. 31.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MoneyLion

In other MoneyLion news, CAO Mark Torossian sold 1,136 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total value of $99,127.36. Following the transaction, the chief accounting officer now owns 17,476 shares of the company's stock, valued at approximately $1,524,955.76. The trade was a 6.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam Vanwagner sold 5,326 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total transaction of $464,746.76. Following the sale, the insider now directly owns 85,306 shares in the company, valued at $7,443,801.56. This trade represents a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,055 shares of company stock worth $4,176,052. Insiders own 11.90% of the company's stock.

Wall Street Analyst Weigh In

ML has been the topic of a number of recent research reports. B. Riley lowered shares of MoneyLion from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $133.00 to $90.00 in a research note on Wednesday, February 26th. Needham & Company LLC reiterated a "hold" rating on shares of MoneyLion in a 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $92.83.

MoneyLion Price Performance

Shares of ML opened at $85.90 on Tuesday. MoneyLion Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $106.82. The company has a market capitalization of $972.39 million, a price-to-earnings ratio of 390.45 and a beta of 2.94. The business's 50-day moving average is $86.59 and its 200-day moving average is $79.40.

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.

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