MoneyLion Inc. (NYSE:ML) CFO Richard Correia Sells 3,502 Shares

MoneyLion Inc. (NYSE:ML - Get Free Report) CFO Richard Correia sold 3,502 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $85.76, for a total value of $300,331.52. Following the transaction, the chief financial officer now owns 182,570 shares in the company, valued at $15,657,203.20. The trade was a 1.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Richard Correia also recently made the following trade(s):

• On Tuesday, February 18th, Richard Correia sold 11,490 shares of MoneyLion stock. The shares were sold at an average price of $87.26, for a total transaction of $1,002,617.40.
• On Friday, November 29th, Richard Correia sold 6,982 shares of MoneyLion stock. The shares were sold at an average price of $90.37, for a total value of $630,963.34.
• On Wednesday, November 27th, Richard Correia sold 6,410 shares of MoneyLion stock. The shares were sold at an average price of $89.23, for a total transaction of $571,964.30.

MoneyLion Stock Up 0.5 %

Shares of ML stock traded up $0.45 during mid-day trading on Friday, reaching $87.18. 157,526 shares of the stock traded hands, compared to its average volume of 158,687. The stock's fifty day simple moving average is $86.60 and its two-hundred day simple moving average is $67.27. MoneyLion Inc. has a 1-year low of $36.65 and a 1-year high of $106.82. The company has a market cap of $967.79 million, a price-to-earnings ratio of 396.27 and a beta of 3.06.

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Institutional Investors Weigh In On MoneyLion

A number of institutional investors have recently added to or reduced their stakes in ML. MMCAP International Inc. SPC acquired a new position in shares of MoneyLion during the fourth quarter worth $41,435,000. Cooper Creek Partners Management LLC bought a new position in MoneyLion during the 4th quarter worth $21,933,000. Tudor Investment Corp ET AL lifted its holdings 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 buying an additional 137,473 shares during the period. Schonfeld Strategic Advisors LLC bought a new stake in shares of MoneyLion in the 4th quarter valued at about $9,828,000. Finally, Nuveen Asset Management LLC increased its stake in shares of MoneyLion by 138.7% in the fourth quarter. Nuveen Asset Management LLC now owns 174,585 shares of the company's stock valued at $15,016,000 after buying an additional 101,455 shares during the period. 31.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ML. Lake Street Capital reiterated a "hold" rating and set a $82.00 price target (down previously from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. B. Riley cut MoneyLion from a "buy" rating to a "neutral" rating and cut their target price for the stock from $133.00 to $90.00 in a research note on Wednesday. Needham & Company LLC reiterated a "hold" rating and issued a $100.00 price target on shares of MoneyLion in a research note on Wednesday, December 11th. Northland Securities upped their price objective on MoneyLion from $80.00 to $100.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. Finally, 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. Three investment 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $92.83.

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.