Insider Selling: MoneyLion Inc. (NYSE:ML) CAO Sells 1,198 Shares of Stock

MoneyLion Inc. (NYSE:ML) CAO Mark Torossian sold 1,198 shares of MoneyLion stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $85.90, for a total transaction of $102,908.20. Following the sale, the chief accounting officer now directly owns 16,278 shares in the company, valued at $1,398,280.20. This trade represents a 6.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Mark Torossian also recently made the following trade(s):

• On Tuesday, February 18th, Mark Torossian sold 1,136 shares of MoneyLion stock. The shares were sold at an average price of $87.26, for a total transaction of $99,127.36.

MoneyLion Trading Down 0.1 %

NYSE:ML traded down $0.06 during mid-day trading on Thursday, hitting $86.24. 319,848 shares of the company’s stock were exchanged, compared to its average volume of 156,498. The company has a 50 day simple moving average of $86.65 and a 200-day simple moving average of $65.84. MoneyLion Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $106.82. The firm has a market capitalization of $957.29 million, a P/E ratio of 392.01 and a beta of 3.06.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ML shares. Lake Street Capital reaffirmed a “hold” rating and set a $82.00 price target (down from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Needham & Company LLC reaffirmed a “hold” rating and set a $100.00 price target on shares of MoneyLion in a report on Wednesday, December 11th. Northland Securities lifted their target price on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Thursday, November 7th. Two research 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 stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $100.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Covestor Ltd lifted its position in shares of MoneyLion by 63.6% in the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after purchasing an additional 255 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of MoneyLion in the 4th quarter worth approximately $29,000. MetLife Investment Management LLC lifted its position in shares of MoneyLion by 12.6% in the 4th quarter. MetLife Investment Management LLC now owns 5,634 shares of the company’s stock worth $485,000 after purchasing an additional 629 shares during the period. FMR LLC lifted its position in shares of MoneyLion by 154.6% in the 3rd quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after purchasing an additional 637 shares during the period. Finally, New York State Teachers Retirement System acquired a new position in shares of MoneyLion in the 4th quarter worth approximately $67,000. Institutional investors and hedge funds own 31.43% 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.