Calamos Advisors LLC Sells 5,800 Shares of MoneyLion Inc. (NYSE:ML)

Calamos Advisors LLC trimmed its holdings in shares of MoneyLion Inc. (NYSE:ML - Free Report) by 38.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,209 shares of the company's stock after selling 5,800 shares during the period. Calamos Advisors LLC owned 0.09% of MoneyLion worth $677,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ML. Tower Research Capital LLC TRC acquired a new stake in MoneyLion in the fourth quarter valued at approximately $35,000. EntryPoint Capital LLC purchased a new stake in MoneyLion during the 1st quarter worth $70,000. SG Americas Securities LLC purchased a new stake in MoneyLion during the 1st quarter worth $236,000. B. Riley Wealth Advisors Inc. acquired a new position in MoneyLion in the 4th quarter worth $248,000. Finally, Quantbot Technologies LP boosted its position in MoneyLion by 69.9% in the 1st quarter. Quantbot Technologies LP now owns 5,167 shares of the company's stock valued at $369,000 after buying an additional 2,125 shares during the last quarter. 31.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at MoneyLion

In other MoneyLion news, insider Timmie Hong sold 5,139 shares of the firm's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $45.10, for a total value of $231,768.90. Following the transaction, the insider now owns 110,558 shares of the company's stock, valued at $4,986,165.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Richard Correia sold 28,675 shares of the company's stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $90.40, for a total transaction of $2,592,220.00. Following the completion of the transaction, the chief financial officer now owns 232,325 shares in the company, valued at $21,002,180. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Timmie Hong sold 5,139 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $45.10, for a total transaction of $231,768.90. Following the completion of the sale, the insider now directly owns 110,558 shares in the company, valued at approximately $4,986,165.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 125,150 shares of company stock worth $9,175,290. 14.10% of the stock is currently owned by insiders.

MoneyLion Trading Up 10.8 %

MoneyLion stock traded up $4.69 during midday trading on Monday, hitting $48.01. The stock had a trading volume of 296,602 shares, compared to its average volume of 206,365. The business has a fifty day moving average price of $64.44 and a 200 day moving average price of $68.72. MoneyLion Inc. has a 12 month low of $17.03 and a 12 month high of $106.82. The stock has a market cap of $504.97 million, a P/E ratio of -16.41 and a beta of 2.74.

MoneyLion (NYSE:ML - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.27. MoneyLion had a negative return on equity of 3.02% and a negative net margin of 6.42%. The business had revenue of $130.90 million during the quarter, compared to the consensus estimate of $127.03 million. During the same period in the previous year, the business earned ($0.42) EPS. The business's quarterly revenue was up 22.9% on a year-over-year basis. On average, equities analysts anticipate that MoneyLion Inc. will post 1.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. B. Riley reaffirmed a "buy" rating and set a $133.00 target price on shares of MoneyLion in a research report on Tuesday, June 25th. Needham & Company LLC cut their target price on MoneyLion from $100.00 to $70.00 and set a "buy" rating on the stock in a research report on Wednesday, August 7th. Finally, Craig Hallum increased their target price on MoneyLion from $100.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, May 8th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, MoneyLion presently has a consensus rating of "Buy" and a consensus price target of $95.00.

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.