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 on Monday, February 24th. The shares were sold at an average price of $85.76, for a total transaction of $300,331.52. Following the completion of the sale, the chief financial officer now owns 182,570 shares in the company, valued at approximately $15,657,203.20. This trade represents a 1.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 transaction 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 transaction of $571,964.30.

MoneyLion Trading Up 0.1 %

MoneyLion stock opened at $86.04 on Thursday. MoneyLion Inc. has a 12 month low of $36.65 and a 12 month high of $106.82. The company has a market capitalization of $955.13 million, a price-to-earnings ratio of 391.09 and a beta of 3.06. The business’s fifty day simple moving average is $86.60 and its two-hundred day simple moving average is $67.14.

Hedge Funds Weigh In On MoneyLion

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ML shares. Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Thursday, November 7th. Needham & Company LLC reaffirmed a “hold” rating and issued a $100.00 price target on shares of MoneyLion in a research note on Wednesday, December 11th. Northland Securities raised their price objective on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Lake Street Capital restated a “hold” rating and set a $82.00 target price (down previously from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Finally, B. Riley lowered shares of MoneyLion from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $133.00 to $90.00 in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MoneyLion has a consensus rating of “Moderate Buy” and an average target price of $92.83.

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.