Mark Torossian Sells 328 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) CAO Mark Torossian sold 328 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $80.00, for a total value of $26,240.00. Following the completion of the sale, the chief accounting officer now directly owns 20,409 shares in the company, valued at approximately $1,632,720. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Mark Torossian also recently made the following trade(s):

• On Thursday, August 15th, Mark Torossian sold 811 shares of MoneyLion stock. The stock was sold at an average price of $45.10, for a total transaction of $36,576.10.

MoneyLion Trading Up 16.9 %

MoneyLion stock traded up $11.73 during trading on Friday, hitting $80.97. The company had a trading volume of 505,081 shares, compared to its average volume of 200,961. MoneyLion Inc. has a 1-year low of $25.16 and a 1-year high of $106.82. The company’s 50 day simple moving average is $43.60 and its 200-day simple moving average is $61.48. The stock has a market cap of $888.24 million, a price-to-earnings ratio of 1,134.29 and a beta of 2.67.

MoneyLion (NYSE:ML) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.27. MoneyLion had a net margin of 0.40% and a return on equity of 0.72%. The company had revenue of $130.90 million for the quarter, compared to analyst estimates of $127.03 million. During the same period in the prior year, the firm earned ($0.42) earnings per share. The business’s revenue for the quarter was up 22.9% compared to the same quarter last year. As a group, analysts forecast that MoneyLion Inc. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ML has been the subject of several recent research reports. Cantor Fitzgerald raised MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Northland Capmk raised shares of MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Northland Securities lifted their target price on shares of MoneyLion from $60.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday. 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 note on Thursday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price target on shares of MoneyLion in a research report on Friday, October 4th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, MoneyLion has an average rating of “Buy” and an average target price of $90.71.

Institutional Trading of MoneyLion

A number of large investors have recently modified their holdings of the stock. Quest Partners LLC increased its stake in shares of MoneyLion by 3,016.7% during the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock worth $163,000 after buying an additional 3,801 shares during the period. Empowered Funds LLC increased its position in shares of MoneyLion by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 35,246 shares of the company’s stock valued at $1,464,000 after purchasing an additional 1,742 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of MoneyLion by 10.4% in the 3rd quarter. GSA Capital Partners LLP now owns 14,427 shares of the company’s stock valued at $599,000 after purchasing an additional 1,360 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of MoneyLion during the 3rd quarter worth $894,000. Finally, Covestor Ltd grew its stake in shares of MoneyLion by 63.6% during the third quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after purchasing an additional 255 shares in the last quarter. Hedge funds and other institutional investors own 31.43% of the company’s stock.

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.