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

MoneyLion Inc. (NYSE:ML) CAO Mark Torossian sold 1,198 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $85.90, for a total transaction of $102,908.20. Following the transaction, the chief accounting officer now owns 16,278 shares of the company’s stock, valued at $1,398,280.20. This represents a 6.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

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

MoneyLion Stock Down 0.4 %

Shares of MoneyLion stock opened at $85.82 on Friday. The business has a fifty day simple moving average of $86.62 and a 200-day simple moving average of $66.16. MoneyLion Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $106.82. The firm has a market cap of $952.64 million, a price-to-earnings ratio of 390.07 and a beta of 3.06.

Analysts Set New Price Targets

ML has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating and set a $100.00 price target on shares of MoneyLion in a report on Wednesday, December 11th. Lake Street Capital reiterated a “hold” rating and set a $82.00 price target (down previously from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Oppenheimer raised 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. Finally, Northland Securities lifted their price objective on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Two equities research 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’s stock. Based on data from MarketBeat, MoneyLion currently has an average rating of “Buy” and a consensus target price of $100.00.

Institutional Investors Weigh In On MoneyLion

Several hedge funds and other institutional investors have recently bought and sold shares of ML. Alpine Global Management LLC bought a new position in shares of MoneyLion in the fourth quarter valued at $2,177,000. Orion Capital Management LLC acquired a new position in shares of MoneyLion in the 4th quarter worth $112,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of MoneyLion during the fourth quarter worth $1,055,000. Toronto Dominion Bank purchased a new stake in shares of MoneyLion during the fourth quarter valued at $4,303,000. Finally, Silvercrest Asset Management Group LLC boosted its position in shares of MoneyLion by 96.1% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 128,103 shares of the company’s stock valued at $11,018,000 after purchasing an additional 62,794 shares during the period. 31.43% of the stock is currently owned by institutional investors.

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.