Richard Correia Sells 3,502 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) CFO Richard Correia sold 3,502 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $85.76, for a total transaction of $300,331.52. Following the completion of the sale, the chief financial officer now directly owns 182,570 shares in the company, valued at $15,657,203.20. This represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, February 18th, Richard Correia sold 11,490 shares of MoneyLion stock. The stock was sold at an average price of $87.26, for a total transaction of $1,002,617.40.
• On Friday, November 29th, Richard Correia sold 6,982 shares of MoneyLion stock. The stock was 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 stock was sold at an average price of $89.23, for a total transaction of $571,964.30.

MoneyLion Stock Up 0.6 %

Shares of NYSE ML opened at $86.00 on Wednesday. MoneyLion Inc. has a 52 week low of $36.65 and a 52 week high of $106.82. The firm’s fifty day moving average is $86.60 and its 200 day moving average is $67.00. The company has a market cap of $954.69 million, a price-to-earnings ratio of 390.91 and a beta of 3.06.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Needham & Company LLC reissued a “hold” rating and set a $100.00 price target on shares of MoneyLion in a research note on Wednesday, December 11th. Northland Securities lifted their price target 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 raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Thursday, November 7th. Finally, Lake Street Capital reaffirmed a “hold” rating and issued a $82.00 target price (down from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Two investment 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 MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $100.00.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Covestor Ltd boosted its holdings in MoneyLion by 63.6% in the third quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after acquiring an additional 255 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in MoneyLion in the third quarter valued at $894,000. GSA Capital Partners LLP boosted its holdings in MoneyLion by 10.4% in the third quarter. GSA Capital Partners LLP now owns 14,427 shares of the company’s stock valued at $599,000 after acquiring an additional 1,360 shares in the last quarter. Empowered Funds LLC boosted its holdings in MoneyLion by 5.2% in the third quarter. Empowered Funds LLC now owns 35,246 shares of the company’s stock valued at $1,464,000 after acquiring an additional 1,742 shares in the last quarter. Finally, Quest Partners LLC boosted its holdings in MoneyLion by 3,016.7% in the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after acquiring an additional 3,801 shares in the last quarter. 31.43% of the stock is owned by hedge funds and other institutional investors.

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.