Insider Selling: MoneyLion Inc. (NYSE:ML) CAO Sells 1,198 Shares of Stock

MoneyLion Inc. (NYSE:ML) CAO Mark Torossian sold 1,198 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $85.90, for a total value of $102,908.20. Following the completion of the sale, the chief accounting officer now owns 16,278 shares in the company, valued at approximately $1,398,280.20. The trade was a 6.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 Price Performance

Shares of ML stock opened at $86.24 on Friday. The firm’s 50-day simple moving average is $86.65 and its 200-day simple moving average is $65.98. The firm has a market cap of $957.29 million, a P/E ratio of 392.01 and a beta of 3.06. MoneyLion Inc. has a 1-year low of $36.65 and a 1-year high of $106.82.

Institutional Investors Weigh In On MoneyLion

A number of hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd boosted its position in MoneyLion by 63.6% during the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after acquiring an additional 255 shares during the period. SBI Securities Co. Ltd. bought a new stake in MoneyLion during the fourth quarter worth approximately $29,000. MetLife Investment Management LLC lifted its holdings in shares of MoneyLion by 12.6% during the fourth quarter. MetLife Investment Management LLC now owns 5,634 shares of the company’s stock worth $485,000 after buying an additional 629 shares during the last quarter. FMR LLC lifted its holdings in shares of MoneyLion by 154.6% during the third quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after buying an additional 637 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new position in shares of MoneyLion during the fourth quarter worth approximately $67,000. 31.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Lake Street Capital reiterated 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. Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Thursday, November 7th. 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, Northland Securities increased their price target on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, MoneyLion 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.