Timmie Hong Sells 2,504 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) insider Timmie Hong sold 2,504 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $48.35, for a total value of $121,068.40. Following the completion of the sale, the insider now owns 103,353 shares of the company’s stock, valued at $4,997,117.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, September 16th, Timmie Hong sold 2,334 shares of MoneyLion stock. The shares were sold at an average price of $42.34, for a total value of $98,821.56.
• On Thursday, August 15th, Timmie Hong sold 5,139 shares of MoneyLion stock. The shares were sold at an average price of $45.10, for a total value of $231,768.90.

MoneyLion Price Performance

MoneyLion stock opened at $46.43 on Friday. MoneyLion Inc. has a one year low of $17.40 and a one year high of $106.82. The company’s fifty day moving average price is $42.94 and its two-hundred day moving average price is $64.12. The company has a market capitalization of $488.35 million, a price-to-earnings ratio of -16.01 and a beta of 2.69.

MoneyLion (NYSE:ML) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.27. MoneyLion had a return on equity of 0.72% and a net margin of 0.40%. The business had revenue of $130.90 million for the quarter, compared to analyst estimates of $127.03 million. During the same quarter in the prior year, the firm posted ($0.42) EPS. The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. As a group, sell-side analysts anticipate that MoneyLion Inc. will post 1.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ML has been the subject of several research reports. Needham & Company LLC restated a “buy” rating and set a $70.00 price target on shares of MoneyLion in a report on Friday, October 4th. Oppenheimer assumed coverage on shares of MoneyLion in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. B. Riley reaffirmed a “buy” rating and issued a $133.00 price target on shares of MoneyLion in a research note on Tuesday, June 25th. Northland Securities initiated coverage on MoneyLion in a research report on Wednesday. They set an “outperform” rating and a $60.00 price objective for the company. Finally, Northland Capmk raised MoneyLion to a “strong-buy” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $89.17.

Hedge Funds Weigh In On MoneyLion

A number of institutional investors have recently modified their holdings of ML. B. Riley Wealth Advisors Inc. bought a new stake in shares of MoneyLion during the 2nd quarter worth $289,000. Driehaus Capital Management LLC lifted its position in MoneyLion by 77.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock worth $16,288,000 after acquiring an additional 96,433 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in MoneyLion during the second quarter valued at about $241,000. Dark Forest Capital Management LP bought a new stake in MoneyLion during the second quarter valued at about $254,000. Finally, Squarepoint Ops LLC grew its position in shares of MoneyLion by 14.3% in the second quarter. Squarepoint Ops LLC now owns 45,293 shares of the company’s stock valued at $3,331,000 after purchasing an additional 5,656 shares during the last quarter. Institutional investors own 31.43% of the company’s stock.

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.