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

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 sale, the insider now owns 103,353 shares in the company, valued at approximately $4,997,117.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, September 16th, Timmie Hong sold 2,334 shares of MoneyLion stock. The shares were 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 shares were sold at an average price of $45.10, for a total value of $231,768.90.

MoneyLion Stock Down 3.9 %

Shares of ML stock opened at $46.44 on Friday. MoneyLion Inc. has a 52 week low of $17.40 and a 52 week high of $106.82. The firm has a 50 day moving average of $42.94 and a 200-day moving average of $64.14. The company has a market cap of $488.46 million, a price-to-earnings ratio of -16.01 and a beta of 2.69.

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

Analyst Upgrades and Downgrades

ML has been the topic of a number of analyst reports. Oppenheimer assumed coverage on MoneyLion in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. B. Riley reissued a “buy” rating and set a $133.00 target price on shares of MoneyLion in a research report on Tuesday, June 25th. Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price objective on shares of MoneyLion in a research note on Friday, October 4th. Finally, Northland Securities started 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. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $89.17.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ML. Marshall Wace LLP raised its holdings in MoneyLion by 24.1% during the second quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after buying an additional 46,611 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of MoneyLion by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock worth $16,588,000 after acquiring an additional 3,107 shares during the last quarter. Driehaus Capital Management LLC lifted its position in MoneyLion by 77.1% in the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock valued at $16,288,000 after acquiring an additional 96,433 shares in the last quarter. Renaissance Technologies LLC lifted its position in MoneyLion by 64.2% in the 2nd quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock valued at $15,747,000 after acquiring an additional 83,700 shares in the last quarter. Finally, Divisadero Street Capital Management LP acquired a new position in MoneyLion during the 2nd quarter valued at about $13,427,000. 31.43% of the stock is owned by institutional investors and hedge funds.

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.