MoneyLion Inc. (NYSE:ML) CFO Sells $630,963.34 in Stock

MoneyLion Inc. (NYSE:ML) CFO Richard Correia sold 6,982 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $90.37, for a total transaction of $630,963.34. Following the completion of the sale, the chief financial officer now directly owns 178,019 shares in the company, valued at approximately $16,087,577.03. This represents a 3.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Richard Correia also recently made the following trade(s):

• On Wednesday, November 27th, Richard Correia sold 6,410 shares of MoneyLion stock. The shares were sold at an average price of $89.23, for a total transaction of $571,964.30.
• On Thursday, November 7th, Richard Correia sold 5,296 shares of MoneyLion stock. The shares were sold at an average price of $60.00, for a total transaction of $317,760.00.

MoneyLion Price Performance

NYSE ML traded down $4.81 during trading on Monday, reaching $86.89. 247,059 shares of the company’s stock traded hands, compared to its average volume of 202,288. The firm has a market cap of $964.57 million, a price-to-earnings ratio of 397.45 and a beta of 2.67. The company’s 50 day simple moving average is $56.82 and its two-hundred day simple moving average is $62.52. MoneyLion Inc. has a 12-month low of $36.65 and a 12-month high of $106.82.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ML. SG Americas Securities LLC boosted its holdings in shares of MoneyLion by 500.7% in the 2nd quarter. SG Americas Securities LLC now owns 19,906 shares of the company’s stock valued at $1,464,000 after buying an additional 16,592 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of MoneyLion by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock valued at $16,588,000 after buying an additional 3,107 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of MoneyLion by 24.1% in the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock valued at $17,675,000 after buying an additional 46,611 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of MoneyLion by 2,060.1% in the 2nd quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock valued at $7,864,000 after buying an additional 98,680 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC bought a new stake in shares of MoneyLion in the 2nd quarter valued at about $1,579,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ML. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Thursday, November 7th. Cantor Fitzgerald raised shares of MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Northland Securities raised their price target on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Northland Capmk raised shares of MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of MoneyLion in a research note on Tuesday, November 26th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, MoneyLion currently has a consensus rating of “Buy” and a consensus price target of $97.86.

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.