Insider Selling: MoneyLion Inc. (NYSE:ML) CAO Sells $23,927.04 in Stock

MoneyLion Inc. (NYSE:ML) CAO Mark Torossian sold 279 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $85.76, for a total value of $23,927.04. Following the completion of the transaction, the chief accounting officer now directly owns 19,656 shares in the company, valued at $1,685,698.56. The trade was a 1.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 value of $102,908.20.
• On Tuesday, February 18th, Mark Torossian sold 1,136 shares of MoneyLion stock. The stock was sold at an average price of $87.26, for a total transaction of $99,127.36.

MoneyLion Trading Up 0.1 %

ML stock opened at $86.04 on Thursday. The stock has a market cap of $955.13 million, a PE ratio of 391.09 and a beta of 3.06. The stock has a 50-day moving average price of $86.60 and a two-hundred day moving average price of $67.14. MoneyLion Inc. has a 1 year low of $36.65 and a 1 year high of $106.82.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ML. Covestor Ltd boosted its position in MoneyLion by 63.6% during the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after acquiring an additional 255 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of MoneyLion in the fourth quarter worth $29,000. MetLife Investment Management LLC lifted its position in shares of MoneyLion by 12.6% in the fourth quarter. MetLife Investment Management LLC now owns 5,634 shares of the company’s stock worth $485,000 after purchasing an additional 629 shares in the last quarter. FMR LLC boosted its holdings in MoneyLion by 154.6% during the third quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after purchasing an additional 637 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new position in MoneyLion in the fourth quarter valued at $67,000. 31.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ML shares. Oppenheimer raised 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 note on Thursday, November 7th. 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 report on Wednesday, November 27th. Needham & Company LLC reissued a “hold” rating and issued a $100.00 price target on shares of MoneyLion in a research note on Wednesday, December 11th. B. Riley cut MoneyLion from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $133.00 to $90.00 in a research note on Wednesday. Finally, 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 note on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, MoneyLion has an average rating of “Moderate Buy” and a consensus target price of $92.83.

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.