MoneyLion Inc. (NYSE:ML) CAO Mark Torossian Sells 1,136 Shares

MoneyLion Inc. (NYSE:ML) CAO Mark Torossian sold 1,136 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $99,127.36. Following the completion of the sale, the chief accounting officer now owns 17,476 shares in the company, valued at approximately $1,524,955.76. This trade represents a 6.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Thursday, February 20th, Mark Torossian sold 1,198 shares of MoneyLion stock. The stock was sold at an average price of $85.90, for a total transaction of $102,908.20.

MoneyLion Stock Down 0.1 %

Shares of ML traded down $0.06 during trading hours on Thursday, reaching $86.24. The company’s stock had a trading volume of 319,848 shares, compared to its average volume of 156,498. The firm has a market cap of $957.29 million, a price-to-earnings ratio of 392.01 and a beta of 3.06. MoneyLion Inc. has a 1-year low of $36.65 and a 1-year high of $106.82. The company has a 50 day moving average of $86.65 and a two-hundred day moving average of $65.84.

Hedge Funds Weigh In On MoneyLion

A number of large investors have recently made changes to their positions in the business. Covestor Ltd increased its holdings in shares of MoneyLion by 63.6% in the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after purchasing an additional 255 shares during the period. SBI Securities Co. Ltd. acquired a new position in MoneyLion in the fourth quarter worth approximately $29,000. MetLife Investment Management LLC increased its holdings in MoneyLion by 12.6% in the fourth quarter. MetLife Investment Management LLC now owns 5,634 shares of the company’s stock worth $485,000 after buying an additional 629 shares during the last quarter. FMR LLC increased its holdings in MoneyLion by 154.6% in the third quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after buying an additional 637 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new position in MoneyLion in the fourth quarter worth approximately $67,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Lake Street Capital reiterated a “hold” rating and issued a $82.00 price target (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Needham & Company LLC reissued a “hold” rating and issued a $100.00 price target on shares of MoneyLion in a research note on Wednesday, December 11th. Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a report on Thursday, November 7th. Finally, Northland Securities boosted their price objective on MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target 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.