MoneyLion Inc. (NYSE:ML) CFO Sells $300,331.52 in Stock

MoneyLion Inc. (NYSE:ML) CFO Richard Correia sold 3,502 shares of MoneyLion stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $85.76, for a total transaction of $300,331.52. Following the completion of the transaction, the chief financial officer now directly owns 182,570 shares in the company, valued at $15,657,203.20. This represents a 1.88 % decrease in their position. The sale 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 Tuesday, February 18th, Richard Correia sold 11,490 shares of MoneyLion stock. The stock was sold at an average price of $87.26, for a total transaction of $1,002,617.40.
• On Friday, November 29th, Richard Correia sold 6,982 shares of MoneyLion stock. The shares were 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 0.2 %

NYSE:ML traded down $0.15 on Monday, hitting $85.61. 220,987 shares of the company’s stock traded hands, compared to its average volume of 158,200. The firm has a 50-day moving average price of $86.62 and a 200-day moving average price of $66.44. The company has a market cap of $950.27 million, a PE ratio of 389.14 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ML. Nordea Investment Management AB boosted its stake in shares of MoneyLion by 238.8% during the 4th quarter. Nordea Investment Management AB now owns 30,760 shares of the company’s stock valued at $2,653,000 after buying an additional 21,681 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of MoneyLion during the third quarter worth $574,000. Geode Capital Management LLC boosted its position in MoneyLion by 5.8% during the third quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock valued at $6,948,000 after purchasing an additional 9,106 shares during the last quarter. Barclays PLC grew its stake in MoneyLion by 52.1% in the third quarter. Barclays PLC now owns 13,821 shares of the company’s stock valued at $575,000 after purchasing an additional 4,735 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in MoneyLion in the third quarter valued at about $249,000. 31.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. 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. 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 report on Wednesday, December 11th. Needham & Company LLC reiterated a “hold” rating and issued a $100.00 target price on shares of MoneyLion in a report on Wednesday, December 11th. Finally, Northland Securities boosted their price target on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target 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.