Insider Selling: MoneyLion Inc. (NYSE:ML) CAO Sells 279 Shares of Stock

MoneyLion Inc. (NYSE:ML) CAO Mark Torossian sold 279 shares of MoneyLion stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $85.76, for a total value of $23,927.04. Following the transaction, the chief accounting officer now owns 19,656 shares of the company’s stock, valued at $1,685,698.56. This represents a 1.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Thursday, February 20th, Mark Torossian sold 1,198 shares of MoneyLion stock. The shares were sold at an average price of $85.90, for a total value of $102,908.20.
• On Tuesday, February 18th, Mark Torossian sold 1,136 shares of MoneyLion stock. The shares were sold at an average price of $87.26, for a total transaction of $99,127.36.

MoneyLion Stock Performance

NYSE:ML opened at $86.04 on Thursday. MoneyLion Inc. has a fifty-two week low of $36.65 and a fifty-two 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. The stock has a fifty day moving average price of $86.60 and a 200-day moving average price of $67.14.

Wall Street Analysts Forecast Growth

ML has been the subject of several research reports. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Thursday, November 7th. Northland Securities boosted their price target on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. B. Riley lowered MoneyLion from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $133.00 to $90.00 in a report on Wednesday. Needham & Company LLC reissued a “hold” rating and set a $100.00 target price on shares of MoneyLion in a report on Wednesday, December 11th. Finally, Lake Street Capital restated a “hold” rating and issued a $82.00 price target (down from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, MoneyLion has a consensus rating of “Moderate Buy” and an average price target of $92.83.

Institutional Investors Weigh In On MoneyLion

Institutional investors and hedge funds have recently bought and sold shares of the company. Alpine Global Management LLC bought a new position in MoneyLion in the 4th quarter valued at about $2,177,000. Orion Capital Management LLC bought a new position in MoneyLion in the fourth quarter valued at approximately $112,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in MoneyLion during the fourth quarter valued at approximately $1,055,000. Toronto Dominion Bank acquired a new position in MoneyLion during the fourth quarter valued at approximately $4,303,000. Finally, Silvercrest Asset Management Group LLC lifted its stake in MoneyLion by 96.1% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 128,103 shares of the company’s stock worth $11,018,000 after purchasing an additional 62,794 shares during the last quarter. 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.