12,300 Shares in MoneyLion Inc. (NYSE:ML) Acquired by GABELLI & Co INVESTMENT ADVISERS INC.

GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of MoneyLion Inc. (NYSE:ML - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,300 shares of the company's stock, valued at approximately $1,058,000. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.11% of MoneyLion at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its position in MoneyLion by 6.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 55,087 shares of the company's stock worth $2,289,000 after purchasing an additional 3,179 shares during the last quarter. FMR LLC lifted its stake in shares of MoneyLion by 154.6% in 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. State Street Corp boosted its holdings in shares of MoneyLion by 3.1% in the third quarter. State Street Corp now owns 169,694 shares of the company's stock worth $7,051,000 after buying an additional 5,108 shares during the last quarter. Barclays PLC grew its position in MoneyLion by 52.1% during the third quarter. Barclays PLC now owns 13,821 shares of the company's stock valued at $575,000 after buying an additional 4,735 shares during the period. Finally, Geode Capital Management LLC raised its position in MoneyLion by 5.8% in the third quarter. Geode Capital Management LLC now owns 167,197 shares of the company's stock worth $6,948,000 after acquiring an additional 9,106 shares during the period. 31.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ML. B. Riley lowered shares of MoneyLion from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $133.00 to $90.00 in a report on Wednesday, February 26th. Needham & Company LLC restated 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 given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $92.83.

MoneyLion Stock Performance

NYSE ML remained flat at $85.90 on Friday. The company has a market cap of $972.39 million, a P/E ratio of 390.45 and a beta of 2.94. MoneyLion Inc. has a twelve month low of $36.65 and a twelve month high of $106.82. The stock's fifty day moving average is $86.63 and its 200 day moving average is $78.17.

Insider Activity at MoneyLion

In other news, CAO Mark Torossian sold 1,136 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total value of $99,127.36. Following the sale, the chief accounting officer now owns 17,476 shares of the company's stock, valued at approximately $1,524,955.76. This represents a 6.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Richard Correia sold 11,490 shares of MoneyLion stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $1,002,617.40. Following the transaction, the chief financial officer now directly owns 166,529 shares of the company's stock, valued at approximately $14,531,320.54. This represents a 6.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,055 shares of company stock valued at $4,176,052. Insiders own 11.90% of the company's stock.

MoneyLion 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.