MoneyLion Inc. (NYSE:ML) Insider Sells 6,094 Shares

MoneyLion Inc. (NYSE:ML) insider Timmie Hong sold 6,094 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $86.84, for a total transaction of $529,202.96. Following the transaction, the insider now owns 86,015 shares in the company, valued at $7,469,542.60. The trade was a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, October 16th, Timmie Hong sold 2,504 shares of MoneyLion stock. The shares were sold at an average price of $48.35, for a total value of $121,068.40.

MoneyLion Stock Performance

MoneyLion stock traded down $0.11 during midday trading on Wednesday, hitting $86.14. 343,320 shares of the company’s stock were exchanged, compared to its average volume of 214,907. The company has a market cap of $956.24 million, a PE ratio of 391.55 and a beta of 3.08. The firm has a 50-day moving average of $67.84 and a two-hundred day moving average of $62.28. MoneyLion Inc. has a 12 month low of $36.65 and a 12 month high of $106.82.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Oppenheimer raised 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. Northland Securities upped their price target on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Needham & Company LLC restated a “hold” rating and issued a $100.00 target price on shares of MoneyLion in a research note on Wednesday, December 11th. Two research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $100.00.

Hedge Funds Weigh In On MoneyLion

A number of hedge funds and other institutional investors have recently modified their holdings of ML. Covestor Ltd lifted its holdings in MoneyLion by 63.6% during the third quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after buying an additional 255 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of MoneyLion during the 3rd quarter worth $40,000. FMR LLC boosted its position in MoneyLion by 154.6% during the third quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after purchasing an additional 637 shares in the last quarter. Quest Partners LLC grew its stake 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 purchasing an additional 3,801 shares during the last quarter. Finally, Fiducient Advisors LLC bought a new position in MoneyLion in the second quarter worth about $204,000. 31.43% of the stock is currently owned by institutional investors.

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.