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 dated Monday, February 24th. The stock was sold at an average price of $85.76, for a total transaction of $23,927.04. Following the sale, the chief accounting officer now owns 19,656 shares in the company, valued at $1,685,698.56. This trade represents a 1.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Thursday, February 20th, Mark Torossian sold 1,198 shares of MoneyLion stock. The stock was sold at an average price of $85.90, for a total transaction of $102,908.20.
• 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 Price Performance

ML stock opened at $85.61 on Tuesday. MoneyLion Inc. has a 52-week low of $36.65 and a 52-week high of $106.82. The company’s 50 day simple moving average is $86.61 and its 200-day simple moving average is $66.71. The firm has a market capitalization of $950.36 million, a P/E ratio of 389.14 and a beta of 3.06.

Institutional Investors Weigh In On MoneyLion

Large investors have recently made changes to their positions in the company. Covestor Ltd raised its holdings in shares of MoneyLion by 63.6% during the third quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after acquiring an additional 255 shares during the period. SBI Securities Co. Ltd. purchased a new position in MoneyLion during the fourth quarter valued at approximately $29,000. Point72 DIFC Ltd purchased a new position in MoneyLion during the third quarter valued at approximately $40,000. FMR LLC grew its position in MoneyLion by 154.6% during the third quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after purchasing an additional 637 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new position in MoneyLion during the fourth quarter valued at approximately $67,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

Wall Street Analysts Forecast Growth

ML has been the topic of a number of research reports. Needham & Company LLC reiterated a “hold” rating and issued a $100.00 target price on shares of MoneyLion in a report on Wednesday, December 11th. Lake Street Capital reiterated a “hold” rating and issued a $82.00 target price (down from $109.00) on shares of MoneyLion in a report 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 on the stock in a report on Thursday, November 7th. Finally, Northland Securities boosted 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 equities research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.