MoneyLion Inc. (NYSE:ML) Insider Timmie Hong Sells 6,254 Shares

MoneyLion Inc. (NYSE:ML) insider Timmie Hong sold 6,254 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $86.39, for a total value of $540,283.06. Following the completion of the sale, the insider now owns 91,011 shares of the company’s stock, valued at approximately $7,862,440.29. This trade represents a 6.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 Stock Performance

NYSE ML opened at $86.79 on Monday. The stock has a market cap of $963.37 million, a PE ratio of 394.50 and a beta of 3.07. MoneyLion Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $106.82. The firm’s fifty day moving average price is $85.57 and its two-hundred day moving average price is $63.26.

Institutional Trading of MoneyLion

A number of hedge funds have recently made changes to their positions in ML. SG Americas Securities LLC raised its stake in shares of MoneyLion by 46.0% during the fourth quarter. SG Americas Securities LLC now owns 5,192 shares of the company’s stock valued at $447,000 after acquiring an additional 1,635 shares during the last quarter. Nordea Investment Management AB raised its position in MoneyLion by 238.8% during the 4th quarter. Nordea Investment Management AB now owns 30,760 shares of the company’s stock worth $2,653,000 after purchasing an additional 21,681 shares during the last quarter. Barclays PLC lifted its holdings in MoneyLion by 52.1% during the 3rd quarter. Barclays PLC now owns 13,821 shares of the company’s stock worth $575,000 after buying an additional 4,735 shares during the period. Geode Capital Management LLC grew its position in shares of MoneyLion by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock valued at $6,948,000 after buying an additional 9,106 shares during the last quarter. Finally, State Street Corp increased its stake in shares of MoneyLion by 3.1% in the third quarter. State Street Corp now owns 169,694 shares of the company’s stock valued at $7,051,000 after buying an additional 5,108 shares during the period. 31.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Thursday, November 7th. Northland Capmk upgraded shares of MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Lake Street Capital restated a “hold” rating and set a $82.00 price objective (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Northland Securities raised their target price on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. 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 equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, MoneyLion has an average 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.