MoneyLion Inc. (NYSE:ML) Insider Timmie Hong Sells 1,365 Shares

MoneyLion Inc. (NYSE:ML) insider Timmie Hong sold 1,365 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $85.76, for a total transaction of $117,062.40. Following the completion of the sale, the insider now owns 95,395 shares of the company’s stock, valued at approximately $8,181,075.20. This represents a 1.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Timmie Hong also recently made the following trade(s):

• On Thursday, January 16th, Timmie Hong sold 6,254 shares of MoneyLion stock. The stock was sold at an average price of $86.39, for a total transaction of $540,283.06.
• On Monday, December 16th, Timmie Hong sold 6,094 shares of MoneyLion stock. The stock was sold at an average price of $86.84, for a total transaction of $529,202.96.

MoneyLion Price Performance

ML stock traded down $0.15 during mid-day trading on Monday, reaching $85.61. 220,987 shares of the company traded hands, compared to its average volume of 158,200. The company has a fifty day moving average price of $86.62 and a 200-day moving average price of $66.44. MoneyLion Inc. has a 52-week low of $36.65 and a 52-week high of $106.82. The company has a market capitalization of $950.27 million, a P/E ratio of 389.14 and a beta of 3.06.

Hedge Funds Weigh In On MoneyLion

A number of large investors have recently modified their holdings of ML. Covestor Ltd lifted its stake in MoneyLion by 63.6% in the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after purchasing an additional 255 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in MoneyLion during the third quarter valued at $894,000. GSA Capital Partners LLP grew its position in MoneyLion by 10.4% during the third quarter. GSA Capital Partners LLP now owns 14,427 shares of the company’s stock worth $599,000 after buying an additional 1,360 shares in the last quarter. Empowered Funds LLC increased its stake in MoneyLion by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 35,246 shares of the company’s stock worth $1,464,000 after acquiring an additional 1,742 shares during the last quarter. Finally, Quest Partners LLC increased its stake in MoneyLion by 3,016.7% in the 3rd quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock worth $163,000 after acquiring an additional 3,801 shares during the last quarter. 31.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Thursday, November 7th. Lake Street Capital reissued a “hold” rating and issued a $82.00 target price (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Needham & Company LLC restated a “hold” rating and issued a $100.00 target price on shares of MoneyLion in a research note on Wednesday, December 11th. Finally, Northland Securities increased their price target on MoneyLion from $80.00 to $100.00 and gave the stock 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 given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus 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.