Insider Selling: MoneyLion Inc. (NYSE:ML) Insider Sells 1,365 Shares of Stock

MoneyLion Inc. (NYSE:ML) insider Timmie Hong sold 1,365 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $85.76, for a total value of $117,062.40. Following the sale, the insider now directly owns 95,395 shares in the company, valued at approximately $8,181,075.20. This trade represents a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a 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 stock was 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 value of $529,202.96.

MoneyLion Price Performance

Shares of MoneyLion stock traded down $0.15 during midday trading on Monday, reaching $85.61. The company had a trading volume of 220,987 shares, compared to its average volume of 158,200. The stock has a fifty day moving average price of $86.62 and a 200 day moving average price of $66.44. MoneyLion Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $106.82. The firm has a market cap of $950.27 million, a PE ratio of 389.14 and a beta of 3.06.

Analysts Set New Price Targets

A number of research analysts have recently commented on ML shares. Needham & Company LLC reiterated a “hold” rating and issued a $100.00 price target on shares of MoneyLion in a research note on Wednesday, December 11th. Lake Street Capital reiterated a “hold” rating and issued a $82.00 target price (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Northland Securities boosted their price target on MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $100.00.

Hedge Funds Weigh In On MoneyLion

Institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new position in shares of MoneyLion during the 4th quarter valued at $29,000. Covestor Ltd increased its stake 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 purchasing an additional 255 shares in the last quarter. New York State Teachers Retirement System acquired a new position in shares of MoneyLion during the fourth quarter valued at about $67,000. Point72 DIFC Ltd bought a new position in shares of MoneyLion during the 3rd quarter worth about $40,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of MoneyLion in the 4th quarter valued at about $86,000. 31.43% of the stock is owned by institutional investors and hedge funds.

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.