Mark Torossian Sells 1,198 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) CAO Mark Torossian sold 1,198 shares of MoneyLion stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $85.90, for a total transaction of $102,908.20. Following the completion of the sale, the chief accounting officer now owns 16,278 shares in the company, valued at approximately $1,398,280.20. This trade represents a 6.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, February 18th, Mark Torossian sold 1,136 shares of MoneyLion stock. The shares were sold at an average price of $87.26, for a total transaction of $99,127.36.

MoneyLion Price Performance

Shares of MoneyLion stock opened at $85.82 on Friday. The stock has a market cap of $952.56 million, a price-to-earnings ratio of 390.07 and a beta of 3.06. The firm’s 50-day moving average is $86.62 and its 200 day moving average is $66.28. MoneyLion Inc. has a 1 year low of $36.65 and a 1 year high of $106.82.

Hedge Funds Weigh In On MoneyLion

Hedge funds have recently bought and sold shares of the company. Covestor Ltd raised its position in MoneyLion by 63.6% in the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after buying an additional 255 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in MoneyLion in the 4th quarter worth about $29,000. Point72 DIFC Ltd purchased a new position in MoneyLion in the 3rd quarter worth about $40,000. FMR LLC raised its position in MoneyLion by 154.6% in the 3rd 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 purchased a new position in MoneyLion in the 4th quarter worth about $67,000. Institutional investors own 31.43% of the company’s stock.

Wall Street Analysts Forecast Growth

ML has been the topic of several recent analyst reports. 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 report on Wednesday, November 27th. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Thursday, November 7th. Needham & Company LLC reiterated a “hold” rating and issued a $100.00 price target on shares of MoneyLion in a report on Wednesday, December 11th. Finally, Lake Street Capital reiterated a “hold” rating and issued a $82.00 price target (down previously from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, MoneyLion currently has a consensus 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.