MoneyLion Inc. (NYSE:ML) Insider Sells $117,062.40 in Stock

MoneyLion Inc. (NYSE:ML) insider Timmie Hong sold 1,365 shares of MoneyLion stock in a transaction on Monday, February 24th. The shares were sold at an average price of $85.76, for a total transaction of $117,062.40. Following the completion of the sale, the insider now directly owns 95,395 shares of the company’s stock, valued at approximately $8,181,075.20. The trade was a 1.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Thursday, January 16th, Timmie Hong sold 6,254 shares of MoneyLion stock. The shares were sold at an average price of $86.39, for a total transaction of $540,283.06.
• On Monday, December 16th, Timmie Hong sold 6,094 shares of MoneyLion stock. The shares were sold at an average price of $86.84, for a total transaction of $529,202.96.

MoneyLion Stock Performance

NYSE:ML opened at $86.04 on Thursday. The firm’s 50-day moving average is $86.60 and its 200-day moving average is $67.14. MoneyLion Inc. has a 52-week low of $36.65 and a 52-week high of $106.82. The company has a market cap of $955.13 million, a price-to-earnings ratio of 391.09 and a beta of 3.06.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Covestor Ltd increased 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 purchasing an additional 255 shares during the period. SBI Securities Co. Ltd. acquired a new position in MoneyLion in the fourth quarter worth about $29,000. Point72 DIFC Ltd acquired a new position in MoneyLion in the third quarter worth about $40,000. FMR LLC raised its position in MoneyLion by 154.6% in the third quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after purchasing an additional 637 shares in the last quarter. Finally, New York State Teachers Retirement System acquired a new position in MoneyLion in the fourth quarter worth about $67,000. Institutional investors own 31.43% of the company’s stock.

Analyst Ratings Changes

ML has been the topic of several recent analyst reports. B. Riley downgraded shares of MoneyLion from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $133.00 to $90.00 in a report on Wednesday. Lake Street Capital reiterated a “hold” rating and issued a $82.00 target price (down previously from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Needham & Company LLC reiterated a “hold” rating and issued a $100.00 target price on shares of MoneyLion in a report 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 report on Wednesday, November 27th. Finally, Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.83.

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.