MoneyLion Inc. (NYSE:ML) CFO Richard Correia Sells 11,490 Shares of Stock

MoneyLion Inc. (NYSE:ML) CFO Richard Correia sold 11,490 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total value of $1,002,617.40. Following the sale, the chief financial officer now owns 166,529 shares in the company, valued at $14,531,320.54. This trade represents a 6.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Richard Correia also recently made the following trade(s):

• On Friday, November 29th, Richard Correia sold 6,982 shares of MoneyLion stock. The stock was sold at an average price of $90.37, for a total value of $630,963.34.
• On Wednesday, November 27th, Richard Correia sold 6,410 shares of MoneyLion stock. The stock was sold at an average price of $89.23, for a total value of $571,964.30.

MoneyLion Trading Down 0.1 %

ML opened at $86.24 on Friday. The business’s 50 day moving average is $86.65 and its 200-day moving average is $65.98. The stock has a market cap of $957.29 million, a PE ratio of 392.01 and a beta of 3.06. MoneyLion Inc. has a twelve month low of $36.65 and a twelve month high of $106.82.

Institutional Investors Weigh In On MoneyLion

A number of hedge funds have recently made changes to their positions in ML. MMCAP International Inc. SPC bought a new stake in shares of MoneyLion during the fourth quarter valued at approximately $41,435,000. Cooper Creek Partners Management LLC bought a new position in shares of MoneyLion in the fourth quarter valued at $21,933,000. Tudor Investment Corp ET AL increased its holdings in shares of MoneyLion by 1,825.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 145,003 shares of the company’s stock valued at $12,472,000 after buying an additional 137,473 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in MoneyLion during the 4th quarter worth approximately $9,828,000. Finally, Nuveen Asset Management LLC grew its position in MoneyLion by 138.7% during the 4th quarter. Nuveen Asset Management LLC now owns 174,585 shares of the company’s stock worth $15,016,000 after purchasing an additional 101,455 shares in the last quarter. Institutional investors own 31.43% of the company’s stock.

Analyst Ratings Changes

ML has been the topic of several research reports. Oppenheimer raised 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. Northland Securities raised their target price on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. 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. Finally, 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. Two 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $100.00.

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.