Yakira Capital Management Inc. Invests $1.51 Million in MoneyLion Inc. (NYSE:ML)

Yakira Capital Management Inc. purchased a new stake in shares of MoneyLion Inc. (NYSE:ML - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 17,496 shares of the company's stock, valued at approximately $1,505,000. Yakira Capital Management Inc. owned approximately 0.16% of MoneyLion at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ML. SBI Securities Co. Ltd. bought a new stake in MoneyLion during the fourth quarter valued at $29,000. New York State Teachers Retirement System bought a new stake in MoneyLion during the fourth quarter valued at approximately $67,000. Point72 DIFC Ltd purchased a new position in MoneyLion in the 3rd quarter worth approximately $40,000. KLP Kapitalforvaltning AS bought a new position in shares of MoneyLion in the 4th quarter worth $86,000. Finally, FMR LLC raised its position in shares of MoneyLion by 154.6% during the 3rd quarter. FMR LLC now owns 1,049 shares of the company's stock valued at $44,000 after buying an additional 637 shares in the last quarter. Institutional investors own 31.43% of the company's stock.

MoneyLion Price Performance

MoneyLion stock traded up $0.14 during mid-day trading on Friday, hitting $85.15. The company's stock had a trading volume of 101,304 shares, compared to its average volume of 208,958. The business has a 50 day moving average price of $86.79 and a 200-day moving average price of $76.86. MoneyLion Inc. has a 12 month low of $36.65 and a 12 month high of $106.82. The stock has a market cap of $963.84 million, a price-to-earnings ratio of 386.84 and a beta of 2.94.

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Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Needham & Company LLC reiterated a "hold" rating on shares of MoneyLion in a research report on Friday, March 7th. B. Riley lowered MoneyLion from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $133.00 to $90.00 in a research note on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $92.83.

Insider Transactions at MoneyLion

In other MoneyLion news, insider Timmie Hong sold 6,254 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $86.39, for a total transaction of $540,283.06. Following the completion of the sale, the insider now owns 91,011 shares of the company's stock, valued at $7,862,440.29. This represents a 6.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Adam Vanwagner sold 5,326 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $464,746.76. Following the completion of the sale, the insider now directly owns 85,306 shares in the company, valued at approximately $7,443,801.56. This trade represents a 5.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,309 shares of company stock worth $4,716,335. Company insiders own 11.90% of the company's stock.

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.