Insider Selling: MoneyLion Inc. (NYSE:ML) Insider Sells 1,365 Shares of Stock

MoneyLion Inc. (NYSE:ML - Get Free Report) insider Timmie Hong sold 1,365 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $85.76, for a total value of $117,062.40. Following the completion of the sale, the insider now directly owns 95,395 shares in the company, valued at approximately $8,181,075.20. This represents a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Timmie Hong also recently made the following trade(s):

• On Thursday, January 16th, Timmie Hong sold 6,254 shares of MoneyLion stock. The stock was sold at an average price of $86.39, for a total value of $540,283.06.
• On Monday, December 16th, Timmie Hong sold 6,094 shares of MoneyLion stock. The stock was sold at an average price of $86.84, for a total transaction of $529,202.96.

MoneyLion Stock Up 0.5 %

MoneyLion stock traded up $0.45 during mid-day trading on Friday, hitting $87.18. 157,526 shares of the company were exchanged, compared to its average volume of 158,687. The company has a market capitalization of $967.79 million, a PE ratio of 396.27 and a beta of 3.06. The business has a fifty day moving average of $86.60 and a 200 day moving average of $67.27. MoneyLion Inc. has a 1-year low of $36.65 and a 1-year high of $106.82.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ML shares. B. Riley lowered shares of MoneyLion from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $133.00 to $90.00 in a research report on Wednesday. Lake Street Capital restated a "hold" rating and set a $82.00 price target (down from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Needham & Company LLC reiterated a "hold" rating and issued a $100.00 price objective on shares of MoneyLion in a research report on Wednesday, December 11th. 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, Northland Securities raised their target price on MoneyLion from $80.00 to $100.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, MoneyLion has a consensus rating of "Moderate Buy" and an average target price of $92.83.

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Institutional Investors Weigh In On MoneyLion

Several large investors have recently made changes to their positions in ML. MMCAP International Inc. SPC bought a new position in MoneyLion during the 4th quarter valued at about $41,435,000. Cooper Creek Partners Management LLC acquired a new position in shares of MoneyLion in the 4th quarter worth approximately $21,933,000. Tudor Investment Corp ET AL grew its position in MoneyLion by 1,825.7% during the 4th quarter. Tudor Investment Corp ET AL now owns 145,003 shares of the company's stock worth $12,472,000 after acquiring an additional 137,473 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in MoneyLion during the 4th quarter valued at $9,828,000. Finally, Nuveen Asset Management LLC raised its position in MoneyLion by 138.7% in the 4th quarter. Nuveen Asset Management LLC now owns 174,585 shares of the company's stock valued at $15,016,000 after purchasing an additional 101,455 shares during the last quarter. Institutional investors own 31.43% of the company's stock.

MoneyLion Company 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.