MoneyLion Inc. (NYSE:ML) CAO Sells $23,927.04 in Stock

MoneyLion Inc. (NYSE:ML - Get Free Report) CAO Mark Torossian sold 279 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $85.76, for a total value of $23,927.04. Following the completion of the sale, the chief accounting officer now directly owns 19,656 shares in the company, valued at $1,685,698.56. This trade represents a 1.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mark Torossian also recently made the following trade(s):

• On Thursday, February 20th, Mark Torossian sold 1,198 shares of MoneyLion stock. The shares were sold at an average price of $85.90, for a total transaction of $102,908.20.
• On Tuesday, February 18th, Mark Torossian sold 1,136 shares of MoneyLion stock. The shares were sold at an average price of $87.26, for a total transaction of $99,127.36.

MoneyLion Stock Up 0.5 %

NYSE:ML traded up $0.45 during trading hours on Friday, reaching $87.18. The company had a trading volume of 157,526 shares, compared to its average volume of 158,687. The stock has a 50-day moving average of $86.60 and a two-hundred day moving average of $67.27. MoneyLion Inc. has a one year low of $36.65 and a one year high of $106.82. The firm has a market capitalization of $967.79 million, a PE ratio of 396.27 and a beta of 3.06.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Needham & Company LLC reaffirmed a "hold" rating and set a $100.00 price objective on shares of MoneyLion in a research report on Wednesday, December 11th. Northland Securities upped their price target on MoneyLion from $80.00 to $100.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. B. Riley downgraded MoneyLion from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $133.00 to $90.00 in a research report on Wednesday. Oppenheimer upgraded MoneyLion from a "market perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research report on Thursday, November 7th. Finally, Lake Street Capital restated a "hold" rating and issued a $82.00 target price (down from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $92.83.

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Institutional Investors Weigh In On MoneyLion

Large investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in MoneyLion during the 4th quarter valued at about $29,000. Covestor Ltd increased its holdings in shares of MoneyLion by 63.6% during the third quarter. Covestor Ltd now owns 656 shares of the company's stock worth $27,000 after buying an additional 255 shares in the last quarter. New York State Teachers Retirement System bought a new position in shares of MoneyLion in the fourth quarter valued at approximately $67,000. Point72 DIFC Ltd bought a new position in MoneyLion in the 3rd quarter valued at $40,000. Finally, KLP Kapitalforvaltning AS acquired a new position in MoneyLion in the fourth quarter worth $86,000. Institutional investors own 31.43% of the company's stock.

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.