Insider Selling: MoneyLion Inc. (NYSE:ML) CFO Sells 3,502 Shares of Stock

MoneyLion Inc. (NYSE:ML) CFO Richard Correia sold 3,502 shares of MoneyLion stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $85.76, for a total value of $300,331.52. Following the completion of the transaction, the chief financial officer now directly owns 182,570 shares of the company’s stock, valued at approximately $15,657,203.20. This represents a 1.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Richard Correia also recently made the following trade(s):

• On Tuesday, February 18th, Richard Correia sold 11,490 shares of MoneyLion stock. The stock was sold at an average price of $87.26, for a total value of $1,002,617.40.
• On Friday, November 29th, Richard Correia sold 6,982 shares of MoneyLion stock. The stock was sold at an average price of $90.37, for a total value of $630,963.34.
• On Wednesday, November 27th, Richard Correia sold 6,410 shares of MoneyLion stock. The stock was sold at an average price of $89.23, for a total value of $571,964.30.

MoneyLion Stock Up 0.6 %

NYSE ML opened at $86.00 on Wednesday. MoneyLion Inc. has a 52 week low of $36.65 and a 52 week high of $106.82. The firm has a market capitalization of $954.69 million, a P/E ratio of 390.91 and a beta of 3.06. The company has a 50-day moving average price of $86.60 and a 200-day moving average price of $67.00.

Institutional Investors Weigh In On MoneyLion

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nordea Investment Management AB increased its position in shares of MoneyLion by 238.8% during the 4th quarter. Nordea Investment Management AB now owns 30,760 shares of the company’s stock valued at $2,653,000 after purchasing an additional 21,681 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of MoneyLion during the 3rd quarter valued at about $574,000. Geode Capital Management LLC increased its position in shares of MoneyLion by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock valued at $6,948,000 after purchasing an additional 9,106 shares during the last quarter. Barclays PLC increased its position in shares of MoneyLion by 52.1% during the 3rd quarter. Barclays PLC now owns 13,821 shares of the company’s stock valued at $575,000 after purchasing an additional 4,735 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in shares of MoneyLion during the 3rd quarter valued at about $249,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ML shares. Needham & Company LLC reaffirmed a “hold” rating and issued a $100.00 price target on shares of MoneyLion in a research report on Wednesday, December 11th. Lake Street Capital reissued a “hold” rating and issued a $82.00 target price (down previously from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Northland Securities boosted their target price on MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, MoneyLion currently has an average rating of “Buy” and an average target price of $100.00.

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.