MoneyLion Inc. (NYSE:ML) CAO Sells $102,908.20 in Stock

MoneyLion Inc. (NYSE:ML) CAO Mark Torossian sold 1,198 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $85.90, for a total transaction of $102,908.20. Following the sale, the chief accounting officer now owns 16,278 shares of the company’s stock, valued at approximately $1,398,280.20. This represents a 6.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, February 18th, Mark Torossian sold 1,136 shares of MoneyLion stock. The stock was sold at an average price of $87.26, for a total transaction of $99,127.36.

MoneyLion Stock Performance

NYSE:ML traded down $0.06 during mid-day trading on Thursday, reaching $86.24. 319,848 shares of the company’s stock were exchanged, compared to its average volume of 156,498. MoneyLion Inc. has a one year low of $36.65 and a one year high of $106.82. The firm has a market capitalization of $957.29 million, a PE ratio of 392.01 and a beta of 3.06. The business’s fifty day simple moving average is $86.65 and its two-hundred day simple moving average is $65.84.

Hedge Funds Weigh In On MoneyLion

Hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in MoneyLion in the 4th quarter valued at about $29,000. Covestor Ltd increased its holdings in MoneyLion by 63.6% in the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after buying an additional 255 shares during the period. New York State Teachers Retirement System bought a new position in MoneyLion in the 4th quarter valued at about $67,000. Point72 DIFC Ltd bought a new position in MoneyLion in the 3rd quarter valued at about $40,000. Finally, KLP Kapitalforvaltning AS bought a new position in MoneyLion in the 4th quarter valued at about $86,000. 31.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ML. Northland Securities raised 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. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Thursday, November 7th. Lake Street Capital reaffirmed a “hold” rating and set a $82.00 price target (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Finally, Needham & Company LLC reaffirmed a “hold” rating and set a $100.00 price target on shares of MoneyLion in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $100.00.

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.