MoneyLion Inc. (NYSE:ML) CAO Mark Torossian Sells 1,198 Shares

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

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 value of $99,127.36.

MoneyLion Trading Down 0.1 %

NYSE ML opened at $86.24 on Friday. MoneyLion Inc. has a 1-year low of $36.65 and a 1-year high of $106.82. The stock has a 50-day moving average of $86.65 and a 200-day moving average of $65.98. The firm has a market cap of $957.29 million, a PE ratio of 392.01 and a beta of 3.06.

Institutional Investors Weigh In On MoneyLion

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ML. Nordea Investment Management AB raised its holdings in MoneyLion by 238.8% in the fourth quarter. Nordea Investment Management AB now owns 30,760 shares of the company’s stock worth $2,653,000 after buying an additional 21,681 shares during the last quarter. Point72 Asset Management L.P. bought a new position in MoneyLion in the third quarter worth approximately $574,000. Geode Capital Management LLC raised its stake in shares of MoneyLion by 5.8% in the third quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock worth $6,948,000 after buying an additional 9,106 shares during the period. Barclays PLC lifted its holdings in MoneyLion by 52.1% during the third quarter. Barclays PLC now owns 13,821 shares of the company’s stock valued at $575,000 after purchasing an additional 4,735 shares in the last quarter. Finally, Centiva Capital LP purchased a new stake in MoneyLion in the 3rd quarter worth $249,000. 31.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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