Insider Selling: MoneyLion Inc. (NYSE:ML) CFO Sells 6,982 Shares of Stock

MoneyLion Inc. (NYSE:ML) CFO Richard Correia sold 6,982 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $90.37, for a total transaction of $630,963.34. Following the completion of the sale, the chief financial officer now owns 178,019 shares in the company, valued at $16,087,577.03. This represents a 3.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• 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 transaction of $571,964.30.
• On Thursday, November 7th, Richard Correia sold 5,296 shares of MoneyLion stock. The stock was sold at an average price of $60.00, for a total transaction of $317,760.00.

MoneyLion Stock Down 5.2 %

Shares of NYSE:ML traded down $4.81 during trading on Monday, hitting $86.89. 247,059 shares of the stock traded hands, compared to its average volume of 202,288. The company has a market cap of $964.57 million, a price-to-earnings ratio of 397.45 and a beta of 2.67. The company has a fifty day moving average price of $56.82 and a two-hundred day moving average price of $62.52. MoneyLion Inc. has a 52-week low of $36.65 and a 52-week high of $106.82.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ML shares. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of MoneyLion in a research note on Tuesday, November 26th. 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 note on Wednesday, November 27th. Northland Capmk upgraded shares of MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Thursday, November 7th. Finally, Cantor Fitzgerald raised shares of MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $97.86.

Hedge Funds Weigh In On MoneyLion

Several institutional investors have recently made changes to their positions in the company. Covestor Ltd increased its holdings in shares of MoneyLion by 63.6% during the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after purchasing an additional 255 shares in the last quarter. ClariVest Asset Management LLC increased its holdings in MoneyLion by 2.6% in the 2nd quarter. ClariVest Asset Management LLC now owns 10,175 shares of the company’s stock worth $748,000 after acquiring an additional 257 shares in the last quarter. FMR LLC increased its holdings in MoneyLion by 154.6% in the 3rd quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after acquiring an additional 637 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in MoneyLion in the 3rd quarter worth $40,000. Finally, GSA Capital Partners LLP increased its holdings in MoneyLion by 10.4% in the 3rd quarter. GSA Capital Partners LLP now owns 14,427 shares of the company’s stock worth $599,000 after acquiring an additional 1,360 shares in the last quarter. 31.43% of the stock is owned by hedge funds and other institutional investors.

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.