Mark Torossian Sells 279 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) CAO Mark Torossian sold 279 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $85.76, for a total value of $23,927.04. Following the sale, the chief accounting officer now directly owns 19,656 shares in the company, valued at approximately $1,685,698.56. The trade was a 1.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, February 20th, Mark Torossian sold 1,198 shares of MoneyLion stock. The shares were sold at an average price of $85.90, for a total value of $102,908.20.
• 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 value of $99,127.36.

MoneyLion Trading Down 0.2 %

Shares of ML traded down $0.15 during midday trading on Monday, hitting $85.61. The stock had a trading volume of 220,987 shares, compared to its average volume of 158,200. The business has a 50-day simple moving average of $86.62 and a two-hundred day simple moving average of $66.44. The firm has a market cap of $950.27 million, a P/E ratio of 389.14 and a beta of 3.06. MoneyLion Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $106.82.

Analyst Upgrades and Downgrades

ML has been the topic of a number of research analyst reports. Northland Securities lifted their target price on MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Lake Street Capital reaffirmed a “hold” rating and issued a $82.00 price objective (down previously from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Thursday, November 7th. Finally, Needham & Company LLC restated a “hold” rating and set a $100.00 target price on shares of MoneyLion in a report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $100.00.

Institutional Investors Weigh In On MoneyLion

Several hedge funds have recently made changes to their positions in the company. Covestor Ltd raised 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 during the period. SBI Securities Co. Ltd. acquired a new stake in shares of MoneyLion during the 4th quarter valued at $29,000. Point72 DIFC Ltd purchased a new position in MoneyLion in the third quarter valued at about $40,000. FMR LLC grew its stake in shares of MoneyLion by 154.6% in the 3rd quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after buying an additional 637 shares in the last quarter. Finally, New York State Teachers Retirement System acquired a new position in shares of MoneyLion during the 4th quarter worth $67,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

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.