Centiva Capital LP Buys New Shares in MoneyLion Inc. (NYSE:ML)

Centiva Capital LP bought a new stake in shares of MoneyLion Inc. (NYSE:ML - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,998 shares of the company's stock, valued at approximately $249,000. Centiva Capital LP owned about 0.05% of MoneyLion as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Divisadero Street Capital Management LP bought a new stake in MoneyLion in the second quarter worth about $13,427,000. Bank of Montreal Can raised its holdings in shares of MoneyLion by 2,060.1% in the second quarter. Bank of Montreal Can now owns 103,470 shares of the company's stock worth $7,864,000 after buying an additional 98,680 shares during the period. Driehaus Capital Management LLC boosted its holdings in MoneyLion by 77.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company's stock valued at $16,288,000 after acquiring an additional 96,433 shares during the period. Renaissance Technologies LLC boosted its holdings in MoneyLion by 64.2% during the 2nd quarter. Renaissance Technologies LLC now owns 214,129 shares of the company's stock valued at $15,747,000 after acquiring an additional 83,700 shares during the period. Finally, Marshall Wace LLP increased its stake in MoneyLion by 24.1% in the second 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.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Lake Street Capital reaffirmed a "hold" rating and issued a $82.00 price target (down previously from $109.00) on shares of MoneyLion in a research note on Wednesday. Cantor Fitzgerald raised shares of MoneyLion to a "strong-buy" rating in a research note on Thursday, October 3rd. Oppenheimer raised MoneyLion from a "market perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research note on Thursday, November 7th. Northland Capmk raised MoneyLion to a "strong-buy" rating in a research report on Wednesday, October 16th. Finally, Needham & Company LLC reissued a "hold" rating and set a $100.00 price target on shares of MoneyLion in a research report on Wednesday. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $94.00.

MoneyLion Trading Down 1.0 %

Shares of ML traded down $0.85 during trading hours on Thursday, hitting $86.33. The company had a trading volume of 513,321 shares, compared to its average volume of 211,445. The company has a market capitalization of $958.35 million, a PE ratio of 392.41 and a beta of 3.08. MoneyLion Inc. has a one year low of $36.65 and a one year high of $106.82. The company's fifty day moving average price is $65.05 and its two-hundred day moving average price is $63.02.

Insiders Place Their Bets

In other news, insider Timmie Hong sold 2,334 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $42.34, for a total value of $98,821.56. Following the completion of the sale, the insider now owns 105,857 shares of the company's stock, valued at $4,481,985.38. This trade represents a 2.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Diwakar Choubey sold 16,080 shares of the company'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 transaction, the chief executive officer now directly owns 674,025 shares in the company, valued at $60,958,821. This represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,872 shares of company stock worth $8,998,024. 11.90% of the stock is owned by corporate insiders.

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.