SG Americas Securities LLC Decreases Holdings in MoneyLion Inc. (NYSE:ML)

SG Americas Securities LLC lowered its position in shares of MoneyLion Inc. (NYSE:ML - Free Report) by 82.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,557 shares of the company's stock after selling 16,349 shares during the period. SG Americas Securities LLC's holdings in MoneyLion were worth $148,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new stake in MoneyLion during the first quarter valued at $70,000. Fiducient Advisors LLC purchased a new stake in shares of MoneyLion during the 2nd quarter valued at about $204,000. Commonwealth Equity Services LLC bought a new position in shares of MoneyLion in the 2nd quarter worth approximately $227,000. Private Ocean LLC purchased a new position in shares of MoneyLion in the second quarter worth approximately $238,000. Finally, The Manufacturers Life Insurance Company bought a new stake in MoneyLion during the second quarter valued at approximately $241,000. 31.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MoneyLion

In other MoneyLion news, Director John C. Chrystal acquired 5,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average cost of $47.07 per share, with a total value of $235,350.00. Following the completion of the purchase, the director now directly owns 44,967 shares in the company, valued at $2,116,596.69. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other MoneyLion news, insider Timmie Hong sold 5,139 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $45.10, for a total transaction of $231,768.90. Following the sale, the insider now owns 110,558 shares of the company's stock, valued at approximately $4,986,165.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John C. Chrystal purchased 5,000 shares of the business's stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $47.07 per share, for a total transaction of $235,350.00. Following the completion of the acquisition, the director now directly owns 44,967 shares in the company, valued at approximately $2,116,596.69. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 44,059 shares of company stock valued at $1,988,757 in the last ninety days. Corporate insiders own 11.90% of the company's stock.

Analysts Set New Price Targets

ML has been the subject of a number of recent research reports. Needham & Company LLC reissued a "buy" rating and set a $70.00 price objective on shares of MoneyLion in a research report on Friday, October 4th. Northland Capmk raised MoneyLion to a "strong-buy" rating in a report on Wednesday, October 16th. Northland Securities assumed coverage on MoneyLion in a research note on Wednesday, October 16th. They issued an "outperform" rating and a $60.00 price objective on the stock. Oppenheimer initiated coverage on MoneyLion in a research note on Tuesday, October 1st. They set a "market perform" rating for the company. Finally, Cantor Fitzgerald raised shares of MoneyLion to a "strong-buy" rating in a report on Thursday, October 3rd. One analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $89.17.

MoneyLion Trading Up 0.3 %

Shares of NYSE ML traded up $0.15 during mid-day trading on Friday, reaching $45.44. The company had a trading volume of 158,468 shares, compared to its average volume of 172,762. The stock has a market cap of $498.48 million, a price-to-earnings ratio of 649.14 and a beta of 2.69. MoneyLion Inc. has a 52 week low of $17.87 and a 52 week high of $106.82. The business's 50-day moving average is $42.94 and its 200-day moving average is $63.05.

MoneyLion (NYSE:ML - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.27. The business had revenue of $130.90 million for the quarter, compared to analyst estimates of $127.03 million. MoneyLion had a net margin of 0.40% and a return on equity of 0.72%. The company's quarterly revenue was up 22.9% compared to the same quarter last year. During the same period last year, the company posted ($0.42) earnings per share. As a group, equities research analysts forecast that MoneyLion Inc. will post 1.23 earnings per share for the current year.

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.