MoneyLion Inc. (NYSE:ML) Insider Sells $529,202.96 in Stock

MoneyLion Inc. (NYSE:ML) insider Timmie Hong sold 6,094 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $86.84, for a total value of $529,202.96. Following the completion of the sale, the insider now directly owns 86,015 shares of the company’s stock, valued at $7,469,542.60. This represents a 6.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Timmie Hong also recently made the following trade(s):

• On Wednesday, October 16th, Timmie Hong sold 2,504 shares of MoneyLion stock. The shares were sold at an average price of $48.35, for a total value of $121,068.40.

MoneyLion Price Performance

Shares of MoneyLion stock opened at $86.75 on Friday. The firm has a fifty day moving average price of $70.54 and a two-hundred day moving average price of $62.57. MoneyLion Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $106.82. The company has a market cap of $963.01 million, a PE ratio of 394.32 and a beta of 3.08.

Institutional Investors Weigh In On MoneyLion

Several hedge funds have recently made changes to their positions in the stock. Covestor Ltd raised its stake in shares of 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. Point72 DIFC Ltd acquired a new position in shares of MoneyLion in the 3rd quarter valued at $40,000. FMR LLC lifted its holdings in shares of MoneyLion by 154.6% during the 3rd 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. Quest Partners LLC lifted its holdings in shares of MoneyLion by 3,016.7% during the 3rd quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock worth $163,000 after acquiring an additional 3,801 shares during the period. Finally, Fiducient Advisors LLC acquired a new stake in shares of MoneyLion during the 2nd quarter valued at about $204,000. Institutional investors own 31.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ML. Needham & Company LLC reaffirmed a “hold” rating and set a $100.00 target price on shares of MoneyLion in a research report on Wednesday, December 11th. Lake Street Capital reaffirmed a “hold” rating and set a $82.00 price objective (down from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Northland Securities lifted their target price on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Cantor Fitzgerald raised shares of MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Thursday, November 7th. 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, the stock presently has a consensus rating of “Buy” and a consensus 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.