Point72 Asset Management L.P. Makes New $574,000 Investment in MoneyLion Inc. (NYSE:ML)

Point72 Asset Management L.P. acquired a new stake in MoneyLion Inc. (NYSE:ML - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,812 shares of the company's stock, valued at approximately $574,000. Point72 Asset Management L.P. owned 0.13% of MoneyLion at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC boosted its stake in shares of MoneyLion by 500.7% in the second quarter. SG Americas Securities LLC now owns 19,906 shares of the company's stock valued at $1,464,000 after purchasing an additional 16,592 shares during the period. Marshall Wace LLP boosted its position in MoneyLion by 24.1% in the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company's stock valued at $17,675,000 after buying an additional 46,611 shares during the last quarter. Bank of Montreal Can grew its stake in shares of MoneyLion by 2,060.1% during the second quarter. Bank of Montreal Can now owns 103,470 shares of the company's stock valued at $7,864,000 after acquiring an additional 98,680 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in shares of MoneyLion during the second quarter valued at about $1,579,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of MoneyLion during the second quarter worth about $1,776,000. Institutional investors and hedge funds own 31.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ML shares. Lake Street Capital restated a "hold" rating and set a $82.00 price objective (down previously from $109.00) on shares of MoneyLion in a research note on Wednesday. Needham & Company LLC reissued a "hold" rating and set a $100.00 price target on shares of MoneyLion in a research report on Wednesday. Oppenheimer upgraded shares of MoneyLion from a "market perform" rating to an "outperform" rating and set a $80.00 price target for the company in a research note on Thursday, November 7th. Northland Capmk upgraded shares of MoneyLion to a "strong-buy" rating in a research note on Wednesday, October 16th. Finally, Cantor Fitzgerald raised shares of MoneyLion to a "strong-buy" rating in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $94.00.

MoneyLion Trading Down 1.0 %

MoneyLion stock traded down $0.85 during mid-day trading on Thursday, reaching $86.33. The company's stock had a trading volume of 513,321 shares, compared to its average volume of 211,445. MoneyLion Inc. has a twelve month low of $36.65 and a twelve month high of $106.82. The business has a 50 day moving average price of $65.05 and a 200-day moving average price of $63.02. The firm has a market cap of $958.35 million, a price-to-earnings ratio of 392.41 and a beta of 3.08.

Insider Activity

In other MoneyLion news, Director Chris Sugden sold 25,000 shares of the firm's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $86.22, for a total value of $2,155,500.00. Following the sale, the director now directly owns 1,062,505 shares in the company, valued at approximately $91,609,181.10. This trade represents a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Timmie Hong sold 2,334 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $42.34, for a total transaction of $98,821.56. Following the transaction, the insider now directly owns 105,857 shares of the company's stock, valued at approximately $4,481,985.38. This trade represents a 2.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 109,872 shares of company stock valued at $8,998,024. Company insiders own 11.90% of the company's stock.

MoneyLion 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.