Richard Correia Sells 11,490 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) CFO Richard Correia sold 11,490 shares of MoneyLion stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total transaction of $1,002,617.40. Following the completion of the sale, the chief financial officer now directly owns 166,529 shares in the company, valued at $14,531,320.54. This represents a 6.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, November 29th, Richard Correia sold 6,982 shares of MoneyLion stock. The shares were sold at an average price of $90.37, for a total transaction of $630,963.34.
• On Wednesday, November 27th, Richard Correia sold 6,410 shares of MoneyLion stock. The shares were sold at an average price of $89.23, for a total transaction of $571,964.30.

MoneyLion Stock Down 0.4 %

NYSE ML opened at $85.82 on Friday. MoneyLion Inc. has a 52 week low of $36.65 and a 52 week high of $106.82. The business’s fifty day simple moving average is $86.62 and its 200-day simple moving average is $66.16. The firm has a market cap of $952.64 million, a PE ratio of 390.07 and a beta of 3.06.

Wall Street Analysts Forecast Growth

ML has been the topic of a number of research analyst reports. 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. 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. Lake Street Capital reaffirmed a “hold” rating and set a $82.00 target price (down previously from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Finally, 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. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, MoneyLion currently has an average rating of “Buy” and a consensus price target of $100.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Covestor Ltd raised its holdings in shares of 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 period. SBI Securities Co. Ltd. purchased a new position in shares of MoneyLion during the 4th quarter worth $29,000. Point72 DIFC Ltd purchased a new position in shares of MoneyLion during the 3rd quarter worth $40,000. FMR LLC raised its holdings in MoneyLion by 154.6% in the 3rd quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after buying an additional 637 shares during the period. Finally, New York State Teachers Retirement System purchased a new stake in MoneyLion in the 4th quarter valued at about $67,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

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.