Insider Selling: MoneyLion Inc. (NYSE:ML) CAO Sells 1,136 Shares of Stock

MoneyLion Inc. (NYSE:ML) CAO Mark Torossian sold 1,136 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total transaction of $99,127.36. Following the completion of the transaction, the chief accounting officer now directly owns 17,476 shares in the company, valued at $1,524,955.76. This trade represents a 6.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, February 20th, Mark Torossian sold 1,198 shares of MoneyLion stock. The shares were sold at an average price of $85.90, for a total transaction of $102,908.20.

MoneyLion Stock Performance

Shares of ML stock opened at $85.82 on Friday. The firm has a market cap of $952.56 million, a price-to-earnings ratio of 390.07 and a beta of 3.06. MoneyLion Inc. has a 52 week low of $36.65 and a 52 week high of $106.82. The firm’s 50-day simple moving average is $86.62 and its two-hundred day simple moving average is $66.28.

Institutional Trading of MoneyLion

Several hedge funds have recently added to or reduced their stakes in ML. Covestor Ltd raised its position in MoneyLion by 63.6% in the third quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after acquiring an additional 255 shares during the period. Los Angeles Capital Management LLC bought a new stake in MoneyLion in the third quarter worth about $894,000. GSA Capital Partners LLP increased its stake in shares of MoneyLion by 10.4% in the third quarter. GSA Capital Partners LLP now owns 14,427 shares of the company’s stock worth $599,000 after purchasing an additional 1,360 shares in the last quarter. Empowered Funds LLC raised its position in shares of MoneyLion by 5.2% in the third quarter. Empowered Funds LLC now owns 35,246 shares of the company’s stock valued at $1,464,000 after purchasing an additional 1,742 shares during the period. Finally, Quest Partners LLC raised its position in shares of MoneyLion by 3,016.7% in the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after purchasing an additional 3,801 shares during the period. Institutional investors own 31.43% of the company’s stock.

Wall Street Analysts Forecast Growth

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