Richard Correia Sells 3,502 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) CFO Richard Correia sold 3,502 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $85.76, for a total transaction of $300,331.52. Following the transaction, the chief financial officer now owns 182,570 shares in the company, valued at $15,657,203.20. This represents a 1.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, February 18th, Richard Correia sold 11,490 shares of MoneyLion stock. The stock was sold at an average price of $87.26, for a total transaction of $1,002,617.40.
• On Friday, November 29th, Richard Correia sold 6,982 shares of MoneyLion stock. The stock was sold at an average price of $90.37, for a total value of $630,963.34.
• 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 value of $571,964.30.

MoneyLion Price Performance

ML stock traded down $0.15 on Monday, reaching $85.61. 220,987 shares of the company were exchanged, compared to its average volume of 158,200. The firm has a market capitalization of $950.27 million, a PE ratio of 389.14 and a beta of 3.06. MoneyLion Inc. has a 12 month low of $36.65 and a 12 month high of $106.82. The stock’s fifty day moving average price is $86.62 and its 200 day moving average price is $66.44.

Analysts Set New Price Targets

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

Institutional Trading of MoneyLion

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nordea Investment Management AB lifted its stake in shares of MoneyLion by 238.8% in the fourth quarter. Nordea Investment Management AB now owns 30,760 shares of the company’s stock valued at $2,653,000 after buying an additional 21,681 shares during the period. Point72 Asset Management L.P. bought a new position in MoneyLion during the third quarter valued at about $574,000. Geode Capital Management LLC raised its holdings in MoneyLion by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock valued at $6,948,000 after acquiring an additional 9,106 shares in the last quarter. Barclays PLC lifted its position in shares of MoneyLion by 52.1% in the 3rd quarter. Barclays PLC now owns 13,821 shares of the company’s stock worth $575,000 after acquiring an additional 4,735 shares during the period. Finally, Centiva Capital LP acquired a new stake in shares of MoneyLion during the 3rd quarter worth approximately $249,000. 31.43% of the stock is currently owned by institutional investors and hedge funds.

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.