Mark Torossian Sells 1,198 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) CAO Mark Torossian sold 1,198 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $85.90, for a total transaction of $102,908.20. Following the completion of the sale, the chief accounting officer now directly owns 16,278 shares of the company’s stock, valued at $1,398,280.20. This trade represents a 6.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 Stock Performance

Shares of MoneyLion stock opened at $85.82 on Friday. MoneyLion Inc. has a 1 year low of $36.65 and a 1 year high of $106.82. The firm’s 50-day simple moving average is $86.62 and its 200-day simple moving average is $66.16. The firm has a market cap of $952.64 million, a PE ratio of 390.07 and a beta of 3.06.

Institutional Trading of MoneyLion

Several institutional investors and hedge funds have recently bought and sold shares of ML. Covestor Ltd increased its stake in MoneyLion by 63.6% during the third quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after purchasing an additional 255 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of MoneyLion in the 4th quarter valued at about $29,000. Point72 DIFC Ltd bought a new stake in shares of MoneyLion during the 3rd quarter valued at about $40,000. FMR LLC raised its stake in MoneyLion by 154.6% during the third quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after acquiring an additional 637 shares during the period. Finally, New York State Teachers Retirement System bought a new position in MoneyLion in the fourth quarter worth about $67,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating and set a $100.00 price target on shares of MoneyLion in a research note on Wednesday, December 11th. Northland Securities lifted their target price on MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Thursday, November 7th. Finally, Lake Street Capital restated a “hold” rating and set a $82.00 price objective (down previously from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price 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.