Mark Torossian Sells 328 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) CAO Mark Torossian sold 328 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $80.00, for a total transaction of $26,240.00. Following the completion of the transaction, the chief accounting officer now directly owns 20,409 shares in the company, valued at $1,632,720. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Mark Torossian also recently made the following trade(s):

• On Thursday, August 15th, Mark Torossian sold 811 shares of MoneyLion stock. The shares were sold at an average price of $45.10, for a total transaction of $36,576.10.

MoneyLion Trading Up 16.9 %

Shares of NYSE ML opened at $80.92 on Friday. The firm has a 50 day moving average of $44.29 and a 200 day moving average of $61.50. The firm has a market capitalization of $887.69 million, a price-to-earnings ratio of 1,156.00 and a beta of 2.67. MoneyLion Inc. has a 12-month low of $25.16 and a 12-month high of $106.82.

Institutional Trading of MoneyLion

Several large investors have recently added to or reduced their stakes in ML. Covestor Ltd lifted its holdings in MoneyLion by 63.6% during 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. EntryPoint Capital LLC purchased a new position in MoneyLion during the first quarter valued at approximately $70,000. Quest Partners LLC lifted its holdings in MoneyLion by 3,016.7% during the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after purchasing an additional 3,801 shares in the last quarter. Fiducient Advisors LLC purchased a new position in MoneyLion during the second quarter valued at approximately $204,000. Finally, Commonwealth Equity Services LLC purchased a new position in MoneyLion during the second quarter valued at approximately $227,000. 31.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ML has been the topic of a number of recent analyst reports. Cantor Fitzgerald raised shares of MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Northland Capmk raised shares of MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Needham & Company LLC restated a “buy” rating and set a $70.00 price objective on shares of MoneyLion in a research note on Friday, October 4th. Northland Securities lifted their price target on shares of MoneyLion from $60.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Oppenheimer upgraded shares of 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. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $90.71.

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.