Timmie Hong Sells 1,365 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) insider Timmie Hong sold 1,365 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $85.76, for a total transaction of $117,062.40. Following the sale, the insider now directly owns 95,395 shares of the company’s stock, valued at $8,181,075.20. This represents a 1.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, January 16th, Timmie Hong sold 6,254 shares of MoneyLion stock. The shares were sold at an average price of $86.39, for a total transaction of $540,283.06.
• 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 transaction of $529,202.96.

MoneyLion Price Performance

NYSE ML opened at $86.00 on Wednesday. The stock has a market capitalization of $954.69 million, a price-to-earnings ratio of 390.91 and a beta of 3.06. MoneyLion Inc. has a one year low of $36.65 and a one year high of $106.82. The business’s fifty day moving average is $86.60 and its 200-day moving average is $67.00.

Institutional Investors Weigh In On MoneyLion

Large investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its holdings in MoneyLion by 238.8% in the 4th quarter. Nordea Investment Management AB now owns 30,760 shares of the company’s stock worth $2,653,000 after acquiring an additional 21,681 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in MoneyLion during the 3rd quarter valued at about $574,000. Geode Capital Management LLC grew its holdings in shares of MoneyLion by 5.8% during the third quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock worth $6,948,000 after purchasing an additional 9,106 shares in the last quarter. Barclays PLC grew its holdings in shares of MoneyLion by 52.1% during the third quarter. Barclays PLC now owns 13,821 shares of the company’s stock worth $575,000 after purchasing an additional 4,735 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in shares of MoneyLion during the third quarter worth about $249,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Thursday, November 7th. Needham & Company LLC reissued a “hold” rating and issued a $100.00 price target on shares of MoneyLion in a research report on Wednesday, December 11th. Northland Securities lifted their price target on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, 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 note on Wednesday, December 11th. Two 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. According to data from MarketBeat.com, MoneyLion has an average rating of “Buy” and an average 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.