MoneyLion Inc. (NYSE:ML) Insider Timmie Hong Sells 2,504 Shares

MoneyLion Inc. (NYSE:ML) insider Timmie Hong sold 2,504 shares of MoneyLion stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $48.35, for a total transaction of $121,068.40. Following the transaction, the insider now owns 103,353 shares in the company, valued at approximately $4,997,117.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Timmie Hong also recently made the following trade(s):

• On Monday, September 16th, Timmie Hong sold 2,334 shares of MoneyLion stock. The stock was sold at an average price of $42.34, for a total transaction of $98,821.56.
• On Thursday, August 15th, Timmie Hong sold 5,139 shares of MoneyLion stock. The stock was sold at an average price of $45.10, for a total transaction of $231,768.90.

MoneyLion Price Performance

ML stock opened at $48.31 on Friday. MoneyLion Inc. has a 52-week low of $17.40 and a 52-week high of $106.82. The company has a 50-day moving average of $42.88 and a two-hundred day moving average of $64.28. The stock has a market capitalization of $508.12 million, a price-to-earnings ratio of -16.66 and a beta of 2.69.

MoneyLion (NYSE:ML) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.27. The company had revenue of $130.90 million for the quarter, compared to the consensus estimate of $127.03 million. MoneyLion had a return on equity of 0.72% and a net margin of 0.40%. The company’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.42) EPS. Equities analysts expect that MoneyLion Inc. will post 1.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its position in MoneyLion by 500.7% in the 2nd quarter. SG Americas Securities LLC now owns 19,906 shares of the company’s stock worth $1,464,000 after buying an additional 16,592 shares during the period. Sei Investments Co. acquired a new stake in shares of MoneyLion during the 1st quarter worth approximately $1,070,000. Acadian Asset Management LLC grew its holdings in shares of MoneyLion by 114.3% during the 1st quarter. Acadian Asset Management LLC now owns 45,365 shares of the company’s stock worth $3,234,000 after purchasing an additional 24,193 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of MoneyLion by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock worth $16,588,000 after purchasing an additional 3,107 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of MoneyLion by 24.1% during the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after purchasing an additional 46,611 shares in the last quarter. 31.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ML. Oppenheimer began coverage on shares of MoneyLion in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Northland Securities began coverage on shares of MoneyLion in a research note on Wednesday. They set an “outperform” rating and a $60.00 target price for the company. B. Riley reissued a “buy” rating and set a $133.00 target price on shares of MoneyLion in a research note on Tuesday, June 25th. Needham & Company LLC reissued a “buy” rating and set a $70.00 target price on shares of MoneyLion in a research note on Friday, October 4th. Finally, Cantor Fitzgerald raised shares of MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $89.17.

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.